SEARCH BY AIR

Evening Star, Issue 22275, 28 February 1936, Page 7

SEARCH BY AIR

NEW MINING FIELDS NEW SOUTH WALES SCHEME The State Government proposes to conduct an aerial reconnaissance of western portions of New South Wales to assist in the search for valuable minerals. Plans are being completed by the Mining Department, whose officers have already made a ground survey of about 1,000 square miles south of Nymagee, and it is expected that the aerial work will begin within a few weeks. It will be the first aerial search for mineral wealth conducted by a Government of New South Wales. The search will cover portions of the Cobar district, and from aerial photographs the mining experts will prepare mosaic maps, which will then be used to facilitate the work of geologists on the. ground The Minister of Mines, Mr Vincent, recently made available a report from Mr A. C. Lloyd, geological surveyor, on investigations in the Cobar district during 1935. Mr Lloyd points out that the large area of old rocks, known to geologists as the Oobar shield, contains several important ore bodies bearing copper and gold. These have been mined in the past, and in recent years gold mining has been revived near Cobar.

A map of the area of 1,000 square miles near Nymagee has been prepared, indicating the distribution of likely formations. A series of ancient sedimentary rocks at Nymagee. Gilgunnia, and Shuttleton are regarded as of particular importance, because they embrace the known gold and copper resources of the area. The geological and geophysical survey will be continued this year. AUSTRALIAN MARKETS Pre«« Association—By Telegraph—Copyright SYDNEY, February 27. The Federal flour tax of £2 12s 6d a ton ceased to operate this week. Wheat.-—Country sidings, bagged and bulk, 3s IJd, equal to about 3s 8d ex trucks, Sydney. Flour, £9 10s. Bran, £5 TOs. Pollard, £6. Potatoes.—Tasmanian, to £8 10s. Onions.—Victorian Globe, £7 10s; Brown Spanish, £8 10s. Maize.—New season’s, 4s 6d, ADELAIDE, February 27. Wheat.—Growers’ lots, 3s old. Flour.—Bakers’ lots, £9 os. Bran and pollard, £o 17s 6d. Oats.—Algerian, to Is 9d. Barley, to Is lid.

MELBOURNE, February 27. (Received February 28, at 11 a.m.) Wheat, 3s 9d. Flour, £9 ss. Bran, £5 15s. Pollard, £0 ss, Oats, 2s 21 d. Barley.—English, 2s 9d and 2s lOd. Potatoes, to £6 ss. Onions, £5 15s and £6. COMMONWEALTH BANK ISSUE OF TREASURY BILLS. Press Association—By Telegraph—Copyright SYDNEY, February 27. (Received February 28, at II a.m.) The ‘ Sydney Morning Herald ’ reports that the Commonwealth Bank is testing the open market with an issue of Treasury bills to the value of £1,000,000, which will be available for purchase on March' 16 at a discount rale of per cent, per annum, in multiples of £5,000, with a minimum of £IO,OOO, repayable on June 15.