MINING.

Press, Volume L, Issue 15022, 17 July 1914, Page 9

MINING.

DREDGING ON THE WEST COAST.

AN AUSTRALIAN COMPANY ENTERS THE FIELD.

(SPECIAL TO "THE MISSS.") GRE. MOUTH, July-16" Ke-_s his been xooeived that a company, to be known aa tho Ahaura Gold Dredgiuff Corporation, Ltd., _ie been regiat-ired ia! Sydney with a capital of £15,000, and that j tho statutory meeting of tho company was | held on Monday last. ! .The objects Of the company arc to put a j thoroughly efficient and up-to-date dredge on ! the Ahaura Kiver. A poworfnl plant of 50 hoisc-power, sxnd 7lt bucket-, and oToryft'iitifr in proportion, has been pinchaE-d, and ia being dismantled. It will arrive on tho claim about the • end of August. Althongh a s.cond _*_-! drwige, it i_ of great capacity, ar.d cost _ 15,000 cow. It has b__ working on the Macquairio Biver m Iv'ew South Wales for some mOnt!i_. Dr'dgini? people will icmstnb-T tfiat .nrins the boom a small, poor type of dredire, of j_efiic__- power, was placed on *b . Ahaura River." and obUiued crver i'IO.COO worth of _old in !__■ than thre-i acres ot mound. Thin woTked for .bout three ye.TJ, and averas. d fro_t 16 to 46 oun. s of gfold per week, but was totally incapable of treating the ground in any quantity; cr doi"«r snythin* like .hisMce to the cl-im. The> new dred-ee wilt be ca .able of lifting *nd from toftOO to IC.iW) cpb .-. y»»_s we-V. __;ut f .«r time. _ . cans, city of the nrrrioca plant. It -r__r_tio. s ar* a« su'_»R.ni as anticinaied tbo corpora*i_ . v. . hui'd three more dredge., costbi. _"sflOO e».h. Tho Ah.-ura Itiver cut. the .__e .old. . Vit e-f _>v .ry wbic'n f.d eti-h cla-ms _* t.i-.- Workson, Pact. lv. Xel«on Cree ~ _"d Xo-T0... wH.c_ pr~rln-.il n-«rlv .»0". "-_-** iof gold, the Pactolus alone yieidintr It i . fhe -.jninn of .»- wfio have fr>'--1 tl-><? fnrl"-trv rl«seiv *'•>. t _)"T» wiT b. _ -»vir . i" dmA-'"" on tli«> W<«* &-■. rt. .« m«-_. .i»im. v.-.:ild have paid with i_are perK-erfnl plants.

W A _r"W"iV P_ T-"l» VS. 1 tie C_r.__u-ch St-ock Exchange recoi?ed tbe following te.cTai. yesterday iro*u th<» Watchman Gold Mi'i-nR Co.. Ltd.;—" Watchman retnra: Crush.d 101- tons for _ return ox _:!-*< If", comprwin-t plat.s, _548 5e 2d; cvamd*. £~ .3 Its iv ; 13 ton* cone._tratea, i 202 10s 6c."