MINING NEWS.

Press, Volume LVIII, Issue 11102, 22 October 1901, Page 3

MINING NEWS.

Additional returns from the dredges 6t, the undermentioned West Coast. Gold Dredging Companies aro reported' as follows: W eiaon CrueJE,. &to*; Bxickadri's * Reward,' HOo nottre r 19oa sdwt« Theae make the. total yield from fourteen working dredges, the xevttrns Iron* .which have t come to aand, to 3&O8 3dnrt;,* . . '" . ' • The iiabilitiee o| the JSrickaon'e Bcward , Company, amount to £l7i& Sa 3d. To meet i these, which were incurred previous to the | starting of the dredgo, the directore report | it Mil, be necessary lor the remwuing 818 uniteued shares to be enbsonbed to allow the' company to continue - operations. The master of the Al Company* dredge, reporting under date October 14th,' st&iee that ciurmg the previous week the machine had dealt with 7000 cubic yerda o< waste, 2000 ! cubic yarde i>f -which were headings which'had" ! been wheeled out, by the Chinese, who were previously working the ground ahead of thn dredge. He. anticipated that after laat week . he would bo through- the worst of those head- ' ings. U'ak:ng the above facie into consideration, the return from the dredgo last week is a strong, indication of the richness andevennes* ot the wash. ' The Jlokitika River Company's dredge has apparently put , up a record return far a Weet Coast dredge opening up, and it is eahmated that tho return ot 13oz wnl leave a credit balance aver working expenses ol over J£lo. Tho dredgemaster, Mr 'lough, reporting under dato October litit, states that it had taken ionger to open, up thaf « c anticipated. On the date mentioned the dredge had drsdfced to a. dejpth. o£ 35 feet, but bftja »ot bottomed, and the material treated had been mostly silt end large stones. The machine worked for about sixteen hours at the depth mentioned. Mr Tough cays:— "I was aetoniehed to see any gold at all from the class of staff treated, ac it. mc been mostly of a siltff nature.; Hr.Yy. Faithful, Mes*r3 Cutten Bros. , representatave, in a communication to the secretary, Mr w. Bollitt, which is dat<?d October 17th, eaya. that the whole of the machinery is in eicellent, orttor, and is working well. Jvo extraordinary boulders (meaning those "as large aa four-roomed cottages") have bj>e.n encountered.The necretary eUtes that the dredge comm«>no«d working with one shift on the 9th met;, and started running three shifts on. the 1414 i. She lost three days owing to floods. An Auckland Press telegram states that the Waihi Gold Minrcg Company obtained another record return from the past month s operation* of bullion worth i 539,375, won from tons.