MILLIONS IN GOLD
AWAITS RECOVERY IN NEW
GUINEA
TWO LARGE BUCKET DREDGES TO BE TRANSPORTED.
TAKEN PIECEMEAL BY PLANE . OVER MOUNTAINS.
(U.P.A. by Elec. Tel. Copyright) (Received Jan. G 10 p.m.) SYDNEY, Jan. G.
According to a well-known mining engineer now in Sydney, ten million pounds worth of gold awaits recovery at. Edie Creek and Bulolo goldfields in the mandated territory of New ;Guinea.._ Rich fortunes have been made there in the past ten years' by Australian prospectors, but •the era of the big company is now dawning. The first of two big bucket dredges for this field, built at Balhiain, Sydney, is about to lie transported. It will consist of 2600 tons of dredging machinery, which will be taken in sections over the precipitous mountains in two great triple-engined Junker aeroplanes. One part weighs G9oolhs (3 tons 1 cwt 2qrs 121 b). making a stiff test for an aeroplane. It is expected that a 2000 horse-power hydro electric plant will be in operation on the Bulolo field, in October.
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Bibliographic details
Gisborne Times, Volume LXXII, Issue 11407, 7 January 1931, Page 5
Word Count
170MILLIONS IN GOLD Gisborne Times, Volume LXXII, Issue 11407, 7 January 1931, Page 5
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