MINING NEWS

Evening Post, Volume CXVII, Issue 146, 22 June 1934, Page 3

MINING NEWS

BULOLO COLD DREDGING

Mr. Fred. Q. Dunn, attorney for Clutha Development, Ltd., has received the following production report:—"For month I of May total gross production for dredges Nos.' 1, 2, and 3 amounted to 11,2490z of bullion, containing 75480z of fine gold from 707,000 cubic yards. Estimated working profit 51760z of fine'gold. The above production is equivalent to £01,158, and working profit to £43,996 on the basis of £8 10s (Aust.) per fine ouuee of gold." BEN LEDI SLUICING. The manager Ben Ledi Sluicing Co., Ltd., reports, June 16, as follows:—'"Excellent in-ogress has,been made with the | construction of the water race during the past fortnight. Twenty-five, men are engaged on the job, and there have been practically no stoppages . oil : account of weather. The entire length !from the deviation to the intake (26S chains) has been stripped, with the exception of about 12 chains of rock work, and considerably more than 100 chains have been completed. Arrangements are being made to have the portion from the deviation down to the foot of the race (104 chains) excavated by plough imd scoop,. which should not take long, and will result in a considerable saving in cost to the company. As the result of a visit from some of the directors earlier in the month, together with Messrs., M. Murray ; and E. McQuade, who had prospected the claim, the point at' which operations; will commence was determined, and;in view of the excellent headway being made with the race, it is confidently anticipated; that . sluicing will be started in ithe early- spring." STAFFORD SLUICING. Stafford Sluicing, Limited, operating at Stafford,. West Coast, has been listed. The authorised capital is £4000 in 80,000 shares of Is each, and of the subscribed capital 56;200 are contributing paid to Is and 12,000' issued' as' fully-paid to venders.