MINING NEWS.

Auckland Star, Volume LXVII, Issue 179, 30 July 1936, Page 4

MINING NEWS.

WORKSOP EXTENDED GOLD DREDGE. To celebrate the second birthday of the launching of the Worksop dredge, a rep l sentative gathering of shareholders directors met at the dredge last week. -. D. McVicar, in proposing Hie toast ot dredge, complimented the workmen on j elliciencv thev lir.rl displayed iu toH the dredse. In the two years of tlie. dredge had won ot gold, w weekly average beins 30oz, and the <- pany had started off with a ue ~ The smash (o the engine luu< eost l months of working time, and K luj" ® costly to lix the engine. JX'ppUe this. J • had paid our Ulii'.'iii in dividends, !" c l )r ®/l|,„ iiitr (in per cent of 111■» capital, and an°ti liossible dividend will be passed at tlie nemeeting. The life of the (Hedging groun should be well over another 12 • V ? i , irs ',„„vi. the ground to be worked should P lO payable. NOKOMAI RETURN. The sei retarv of the Xokomai Gold Mi" ing Company. Limited (Central OWn"; reports a return of '-'Miioz 1:!«!wt fronJ area of approximately one-tenth of an at * This return was the result of seven wee > actual sluicing time, and shows j • approximate value of that i>art of the e " to be worth 2<HH)oz to the acre. Anotnt wash-up is expected in about two weektime. This will be the cleaning up iUlu linisiiing of tlie present paddock. NEW RIVER DREDGE. Tlie official opening of tlie # Gold Dredging Company. Limited, whi held on Tuesday next. Tlie company *• incorporated in November, to ac £ u n1 mining rights and a dredging area °i ; ' acres at New River, near Dugganvilie, Coast.