Placer Interest In
p. 18 · Read in the full issue
Gold Ridge
PLACER Development Ltd. (of which Bulolo Gold Dredging is a subsidiary) has recently shown interest in the gold deposits at Gold Ridge, Guadalcanal, BSIP.
Mr. Alan Blatchford, chief geologist of the company, arrived in Honiara by air in mid-October and almost at once joined the com pany’s mining engineers, Messrs. T.
Yeomans and Niell, at Gold Ridge.
Mr. Yeomans returned to Sydney in early November but would make no comment for publication beyond saying: “It is still at the stage of geological investigation.”
The BSIP Government, aided by its indefatigable geologist, Mr. J. C.
Grover is doing everything possible to prove that there is a goldfield of value in Guadalcanal but so far there is nothing to indicate that there is another Bulolo Valley in the Guadalcanal hills. Gold has been proved—but it still remains for the experts to decide whether there is sufficient to guarantee an adequate reward, taking into consideration the heavy costs of introducing and operating the machinery that would be required.