MINING NEWS NEW GUINEA GOLD. SPRICE AND RETURN

Evening Post, Volume CXX, Issue 117, 13 November 1935, Page 14

MINING NEWS

NEW GUINEA GOLD.

S PRICE AND RETURN

JCatest sales reported and mad" on the Stock Exchanges of the Dominion with the highest prices and the approximate yields per cent per annum to investors (all subject to appropriate taxes and exchange where operative), based gt: the last annual dividends plus bonuses, if any, and considering redemption and brokerage in the case of redeemable securities where dated were as follows:—

a.—Market price includes accrued interest. but not brokerage. ' i.—lnterim div. increased. s.— Div. paid in sterling. I.—lnterim div. rate reduced.

THE ALEXANDER RETURN

Alexander Mines. Ltd., reports gold returns for September and October as follows:—Battery department: 274 tons ore crushed for 80oz ldwt melted gold. Cyanide department: 222 tons sands treated for 30oz Bdwt bullion. Concentrates roaster: Produced 30oz 7dwt bullion. Total estimated value: £1000. in addition, 8606 tons of concentrates have been saved, valued at £340. In estimating the above values gold has been taken at 145s per fine ounce. STAFFORD DREDGING. It is not the intention of the directors of Stafford Gold Dredging N.L. of Melbourne, operating at Stafford. New Zealand, to form a company tj dredge the No. 2 area. Mr. T. J. Shepphard has recently proved by boririe an additional 2,170,000 yards of payable ground, which has been purchased, and is now incorporated in the company's holding. Recent dredging operations have been diverted from the original scheme to provide for the economical working of both companies, assuming that a new company would be formed to operate the No. 2 area. Now that the scheme for a second company has been abandoned, the dredge will resume the original programme, and better results may be anticipated. The experimental jigs have been installed, and it is considered that they will be the means of recovering the finer gold, which in the-past has been lost. EMPEROR RETURN. A return averaging slightly under an ounce a tan was reported yesterday by Emperor Mines, Ltd., operating at Tavua, Fiji, 470 tons returning 515.50z of bullion, containing 4520z of fins gold, a grade of over 19dwt a ton. Head values were 20.2dwt, and the loss in tailings l.ldwt. Following are the past two yields:— Oct. 5. Nov. 2. Ore, (dry weight), tons 365 470 Fina gold, oz 360 453 Grade, dwt 19.7 19.2 OKARITO RETURN. The Okarito Five Mile Beach Gold Dredging Co., Ltd., reports to the New Zealand Stock Exchange Association, November 11, as follows:—The following report relates to the four weeks from October 12, 1935, to November 2. 1935: Total gold won, 1420z 6dwt; total time worked, 489 hours; total non-working time 87 hours; total yardage treated, 28,359, an average of 58 cubic yards per hour; average value of ground (on basis of gold worth £4 per ounce), 4.8 d per cubic yard.

~fiy Telegraph.—Press Assn.—Copyright.l (Received November 13, 10.30 a.m.) LONDON, November 12. Sales of gold-mining shares include New Guinea, 5s 3d; Bulolo, £6 ss.