MINING.

Evening Star, Issue 16661, 18 February 1918, Page 1

MINING.

WESTLAND GOLD PROSPECTING SYNDICATE. A Press Associutioa telegram from Reefton states that the Westland Gold Prospecting Syndicate, of which David Ziman is the managing director, have purchased the Worksop No. 2 dredge, the largest and most powerful yet built in the Dominion. The machines have, been removed to Arahura Valley, near Hokitika, there to dredge a native reserve over which the syndic-ate hold extensive mining concessions. This, coupled with the discovery of a further gold-bearing reef (the third) at a depth of 1,350 ft in the North Blackwater. mine, of which Mr Ziman is also the managing director, should help to stimulate the gold mining industry. KALGURLI GOLD MINES. The profit and loss account of the Kalgurli Gold Mines (W.A.) for the year ended Julv 31. 1917, shows a profit of £41.224 ; i 03,210 short tons treated, being at the rate of 8,601 tons a month; and 92.39 per cent, of the assay value of the ore was recovered. Including administration and general expenses in Western Australia, the costs were; Mining, 8s 2.69 d; treatment, 14s 4.21 d; development, 2s 4.41 d; making a total of 24s 11.31 d per short ton. The average vield was 34s 10.18 d per ton.