MINING NEWS

Evening Post, Volume CXX, Issue 125, 22 November 1935, Page 14

MINING NEWS

RETURNS AND REPORTS

The directors of White's Electric. Gold Dredging Co. report that last 'week they visited the company's claim at Barryiown with Mr. G. Poole, representing contractors for construction of the company's dredge. The directors were pleased with the progress made. The contractors anticipate that the pontoons will be-launched within three weeks from date. The pontoons are constructed of electrically welded steel, and their dimensions are 90ft x 40ft. The spread of tables provided is 1750 square feet, and provision is made for nine water-tight compartments in the hull. The machinery is expected to arrive on the claim early in December. Experts report that with the steel pontoon built to carry such a big spread of tables, there will be no difficulty in the way of the contractors living up to their guarantee provided by contract, to save 90 per cent, of the free gold lifted by the buckets. ARGO GOLD. Argo Gold Dredging Co., Ltd., reports the following official return for the week, November 20: Yield 73ozhours dredged, 140; yards treated 13,600. MATAKI DIVIDEND. The Mataki Gold Dredging Ltd., has declared a dividend of Id per share, payable on November 30. Transfer books will be closed from November 27 to December 1 inclusive. The company has a capital of £35 000 in 350,000 shares of 2s eacn. UPPER WATUT. The chairman of directors of Upper Watut Alluvials, NX, Mr. Colin Mackay, who is visiting the company's properties in New Guinea, with Mr. G. Annesley, engineer, who is examining the areas in connection with working methods, has reported to the directors that Mr. Annesley states that the property does not present any difficulties of treatment by the methods which it is proposed to employ. He also considers that the progress work to date is excellent.