MINING NEWS.

Auckland Star, Volume LXVI, Issue 261, 4 November 1935, Page 4

MINING NEWS.

PLACER AXD BTJLOLO. INTERIM DIVIDENDS. Bn!o!o Gold Dredslnr. Limited, Vancf'aver I and Xew Guinea, has declared an interim [ dividend of 1 dollar 40 cents » Canadian* a share of five dollars, less - Canadian absentee I rax of o per ceat- Placer Development, \ limited, the parent company, is payinr an | interim dividend of cents a one-dollar share, also less. Tax. Tfee dividends are payi ab!e. alter exchange rate adjastments, on | December 20. [ These are the second dividends paid for I "th** current year. The Placer Company paid I 2 dollars 4*> cents in July last on the nve- | dollar shares. Meanwhile the par value of the shares ha? been reduced to so that for the current year shareholders | will have rece:v#»d the equivalent of 4 dol- [ Sars cents on original Sve-doHar | «har«»s in six months, tiowever. despite this ■ excellent result tne dollar shares eased on ' Stock Kxchanre this morn inc. for. after ! reported business at £"> 10 . there were offers I co at 2. . and buyers cropjei back to £5. The Pla«>?r year ends in | April. and»the dividend just announced ! Ls" the second interim for that period. YIELDS OF COMPANIES. Talisman Dabbo (Karangahase).—s6 1-3 tons of ore were treated at the Golden Dawn battery for an approximate reaiisa-, tion of £574. Worksop Extended West Coast).—This j week. 104oz from 11.00€»yds in 13$ hours.! King Sc'lomon <Gore>. —This week, Z2<fz \ 4dwt. i Gold fields (Shorover). —2 loz lodwt for 14S hours. Ar2C. —October 2C I , 64 02, 156 hours, 12.00*> yardsMaori Gully returns 270z for 115 hours. Stafford Dredging (West Coasts.—Period to October 2S. 41 joz. for 122 hours' work and 535»? yards, including 2»»C> yards of tailings, treated. Gillespie's.—2s»or lo*lwt. for C*>; hours. Paddy's P0int.—910«,.42 days." Osarito. —350z 24dwt f 117 hours. ADDISOJTS FIAT. For the fortnight ended October 19. tie Addison's Fiat Gold Mining Company worked eighteen shifts for a return of 17oz 12d«t of gold. There will be no further returns for approximately tto months, as the plant is being shifted to tie Gallagher's lead area. FIJI OPERATIONS. The f'ullowinc reports have been received fcy the local Stock Exchanre :— Loloasa. October 24.—Adit : Extended to 151 ft. last sft averasred 13Jdwt ton; crosscut at S*4ft extended to 47ft. last 9ft averased 25dwt ton. Main shaft : Sunk to lOSff and timbered to 93ft. So. I shaft : Sank to •ST'fr. last -sft avpraz*d 175dwt ton v So. 2 shaft : Sunk to 71ft. la>t sft averajred 35<lwt ton. No. *> shaft : Sunk to 55ft. last 7ft averazed 2Sdwt ton. No. 7 shaft : Crosscut at 40ft toward? footwall started and extended 12ft. averaned lodwt ten. last cut assayed 32dwt ton. not**: Assay value No. 6 shaft subject to conSrrasfsen, code word mutilated*. Knsperor. October 'J4.—Main adit : South j drive off west crosscut extended from I to 3Sft. value Idwt per ton. No. 3 cross-cut • west z Winze sunk to 30ft. valTe Cdwt per | ton. No. 1 crosscut east: Extended to { 51ft. value from 24 to 37dwt per ton. from 37 to 51ft. lldwt pp-r ton. No. »> crosscut "srest : Winze sunk fron> 15 to 30ft, value 2dwt per ton. SILVER FIND IX FIJI. SUVA. October 2?. Mr. Cafcit'. a Government surveyor, reports having: found a valuable silver lode outside the catchment area, near Suva. Samples of the ore have been sent away for assay. Stiver has also been found on