MINING NEWS

Evening Post, Volume CXXII, Issue 13, 15 July 1936, Page 14

MINING NEWS

RETURNS AND REPORTS

(By Telegraph—Press Association.) " GORE, July 14.

The Waimunui dredge return was 330z Bdwt for the fortnight ended :July 11. I DUNEDIN, July 14. The Paddy's Point Gold Mining Company reports a. return of 61oz 14dwt for 31 days' sluicing.

ADDISON'S FLAT

The annual report of the directors of the Addison's Flat Gold Mining Company, Ltd., for the year ended March 31, 1936, slates that the mine was closed from October, 1935, to January, 1936, while plant was being shifted to a new claim on Gallagher's Lead. The cost of this move, including laying new pipe-line, was approximately £■2200, of which £512 was outstanding at close of the financial year. For the remainder of the period, sluicing was carried on with little interruption, and £3000 worth of gold was recovered. Since work was commenced on Gallagher's Lead, returns have been satisfactory, though not as good as was anticipated. As the company has had to meet the expenses of shifting the plant, the directors regret that it has not been possible to provide for a dividend for the past year. WORK AT QUEENSTOWN.

There is still considerable gold mining activity in the Queenstown district, according to the Dunedin "Star" The secretary of the Arthur's Point Sluicing Cpmpany reports that the company secured 113oz sd\vt Bgr for the period March 1 to June 24. Central Shotover at Deep Creek is getting a handsome return. Sandhills has closed down for the winter, but Short and party at Peat's Terrace are still working. Several other claims are carrying .out development work preparing for the spring. It is reported that Atley Brothers, who have been working in' the Shotover, have had a very large wash-up. CROMWELL ACTIVITIES.

A contract has been let for driving the low-level <tunnel at the Bendigo mine another 150ft (reports the "Otago Daily Times"). The contractors, who come from the Lakes District, arrived at the claim last week, and have made a start. In the course of a few weeks the future of this once-famous property sIV?,H Id tb. e known. Some attention is tpi I 1 h£l ng i Y- e. n, to the Cromwell Flat, although little work has so far been done. It is understood that some of the original licences are expiring and that those interested have been busy repegging. Judging from the numerous pegs and freshly-dug trenches along the main road the peg^ gmg has been fairly extensive. ELECTRO. ZINC DIVIDEND.

The Electrolytic Zinc Co., Ltd., has advised the New Zealand Stock Exchange Association that a dividend of ?, pe£ S* nt was declared yesterday for the half-year ended June 30, 1936, on both preference and ordinary shares, making 10 per cent, for the year. The dividend is payable on September 10 to shareholders registered on July 30. Last year's distribution was 8 per cent, on the preference and 5 per cent on the ordinary shares. WAIPAPA BEACH DREDGE. /-*^ e4 ecretaries of the Waipapa Beach Gold Dredging Company, Ltd., report that no wash-up will take place thh week as the dredge has been stopped for the overhaul of the Diesel engine which is expected to take four days. ' DREDGING AND MINING RETURNS. Latest dredging, sluicing, and mining returns as received are as follows:— . „ Hours. Oz. dwt. A/go 126 69 0 Matakx ...; 136 46 0 " Worksop 136 38 0 Okarito 132 17 14 King Solomon ... 27 11 Maori Gully 133 25 3 Mossy Creek 126 51 11 Bundi Dredge 205 198 14 Deep Lead (36 shifts) "60 6 Nemona 150 82 17 Paddy's Point (31 days). 61 15 Waimumu ....... (fortnight) 33 8