MINING NEWS.

Auckland Star, Volume LXIX, Issue 143, 20 June 1938, Page 4

MINING NEWS.

NOKOMAI LOSS. EFFECT OF DRY SEASON. (From Our Correspondent.) DUNEDIN, Friday. “Owing to the abnormally dry season a certain amount of working time was lost, hut given normal seasons the directors look forwnrd witli confidence to tlie future," states tlie sixth annual report of the Nokoniai Gold Mining Company, Ltd., for tile year. Tlie net operating loss for the year was £2.745. against £628 last year. Gold-won amounted to 11360 z. valued at .£7969, compared with 1031 oz (£7218) last year. The directors’ report states that hydraulic elevating anil gravel pumping was commenced on. June 1, 1937, and witli tile exception of temporary stops for ndju.-t--imnts lias Continued up to tlie present. Tim two 12in Thompson gravel pumps installed during tlie year have proved themselves quite capable of coping witli Nokomai gravel and wash, as well as attending to seepage and nozzle water. They have fully come up Io tlie directors’ expectations and are proving eminently satisfactory and constant in their work. Tlie machinery is working smoothly,nnd witli much less wear on liners and runners than was originally nnticipated. ■ ■ KILDARE COMPANY’S LOSS. A loss of £BB as against £3196 in the previous year is shown in the annual report .of tlie Kildare Consolidated Gold Miniiio Company, Lifiiited, Otago, for the year‘ ended December-31, 1937. Gold won totalled 2360 z 18dwt, compared with 1990 z in the previous year. Work continued steadily during the major portion of the year, states the directors’ report, and has been confined for the whole of the period to the Surface Hill claim, where the ground, although easily worked, has not contained gold in very large quantities. There is still a large area of this type of country ahead, and it is proposed to continue the present form of operations. There is always the possibility 'that the ground ahead may improve in value, but lack of finance renders impossible any testing.

RETURNS OF COMPANIES. Rarrytown (West Coast).—Half month I rndin" June 15: 2720 z for 235 hours, and I 102.M0 yards. ! Afaori Gully (West Coast). —lloz lldwt for 121 hours. ; Nrniona (West Coast).—Sloz from 13,800, yards in 118 hours. Gillespie’s Beach (South Westland).— 1 ■hoz lldwt for 129 hours and 13,940, yards. Mataki Junction (Murchison).—47oz from 21.000 yards in 129 hours. 1 Big Hirer (Rceffon).—Gold returns for | the month of May. Battery department:’ 3o< tons of ore crushed for 210 oz lOdwt | melted gold. Cyanide department: 150 j tons of sands treated for 230 z of hullion. i Total estimated value: £1570. In addi-1 lion: Four tons Idcwt of concentrates were i rtived valued at £.125. Note: In estimating! the above values gold has been taken at j 140/ per fine ounce. | Worksop Extended (Beefton). —ISoe for. 129 hours am] 10.500yds. Chit ha.—lS7oz for 112 hours. Nokomai.—No. 3 paddock completed for : 3490 z lldwt. j — i MANAGERS’ REPORTS. [ Big River Gold Mines, Limiteil. —Report for tlie week eiuling June 16, 1938:—N0. I 5 level—North stope ; Filling completed and stoping commenced over tlie fall length. South stope: Filling almost completed. Centre slope: Taking out block under No. 4 level. North drive: Advanced 7ft. total 38ft. Shaft: The cleaning out of No. si cliamher is going on very well. Battery : 44 tons of stone sent to tlie battery.