SLUICING AT WAIMUNU

Evening Post, Volume CXVI, Issue 142, 13 December 1933, Page 12

SLUICING AT WAIMUNU

During the past few days an internal reorganisation has been effected in the Southland Prospecting Co., Ltd., which is sponsoring the Waimunu Sluicing Co., Ltd. It is reported that the necessary amount has been oversubscribed and it, is expected that the remainder will be taken up very quickly. The provisional directors are Mr. James Eraser Grant and Mr. John Scott, and the secretary is Mr. E. S. Green, all of Gore. Work on construction of the dam will be pushed on as quickly as possible. . This should be comi plete in about six weeks. Arruiißements nre in hand for the purchase and installation of plant, and the mine should be producing gold early in the New Year. TALISMAN DUBBO. Talisman Dubbb, Karangahake, reports for the week ending December 9 continued breaking out leading stope. The reef 3ft wide. The reef in north end stope 2ft wide. The reef in centre stope 2ft wide. In the main rise have now risen oft and rfeef is 2ft wide. HATTERS FLAT. The secretary of-the Hatters Flat Mining Company, Ltd., reports that at a statutory meeting of the company Mr. James A. Neilson outlined the work done by the company and stated that the delivery of plant on the claim had been completed, with the exception of one pump. The Sauennan drags were working satisfactorily removing overburden. Water races, dams, sump, wash, and gold-saving devices had been completed, and it was fjropoaed to start the claim working three shifts. GOLCONDA. Gnlcondn, Thames, report:—During the week stoping was continued on branch reef south, but not much ore broken, as stopes required timbering.' Nice colours and dabs of gold seen. Continued driving east and west on hanging-wall reef. The reef west is split into ribs of quartz, footwall portion is well mineralised, and country fair. The reef in the east end is well denned, but country hard. There should be a change of country at any time. OKARITO. Mr. J. E. Wheeler, chairman of the Okarito Five Mile Beach Gold Dredging Co., presiding at the annual meeting of the company, reviewed the work of the dredge and remarked that the reports received from the dredgemaster showed that the position now was much the same as at; the beginning of the year. Considerable trouble had been experienced as a result of encountering stony ground. The dredge, it had to be remembered, was designed for dealing with sand, and the stones encountered made for loss of time. Mr. Wheeler went on to speak of the transport troubles which had been encountered from the very commencement of the company's activities, and stated that there was little improvement now. During the year the pipe line had become so long that there had been a shortage of pipes. He referred to the work now proceeding of laying a new pipe line. Speaking of the position of the dredge at the present time, the chairman said that early this month more trouble had been experienced with stones and gravel in the boxes. The question was now being considered of fitting the dredge with shaker tables. Reference was also made by the chairman to the assistance that was being given by the Australian Government to the goldmining industry in the Commonwealth, and he quoted the following figures showing the amount paid to the Government during the past year directly and indirectly through the operations of the company:— Gold export tax, £2131; claim rent, £59; unemployment tax on employees' wages, £162; tax on dividends, £700; income tax for 1934-35, £1888; making- a total of £4940. The report and accounts were adopted. The' following report relates to the four weeks from November 5 to December 2:— Total gold won, 1290z 17dwt; total time worked, 441 hours; total non-working time, 135 hours; total yardage treated, 25,500 (an average of 38',cubic yards per hour); average value of ground, 4.8 d per cubic yard (on basis of gold worth £4 per ounce).