GOLDMINING
NEW RIVER DIVIDEND. The New River Gold Dredging Company Ltd. has declared a fourth, diviend of Id a share, payable on September 15. Transfer books will be closed from September 11 to September 15, both days inclusive. GREY RIVER. The Grey River return to September 5 was 242 oz from 86,593 yards dreding in 129 hours, equivalent to 1.33 grains a cubic yard. GOLDEN DAWN ORE.
The following report has been issued by Golden Dawn Gold Mines, Ltd., Owharoa: Since the last report on August 25, sinking of the winze from No. 3 level on No. 5 reef has been slowed up, owing to the installation of a pump to deal with water flow, and to necessary timbering. Consequently the winze was only sunk 4ft, but the assay values increased still further, averaging at 34ft £2O 3s 7d a ton, and at 36ft £37 2s 6d. This is for the full width and
length of winze, 6ft by 4ft on hanging wall of reef. The full width of the reef is not known. With the installation of the pump, progress will now be accelerated and a bettei' idea sooner obtained of the real extent of this rich ore chute.
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Bibliographic details
Grey River Argus, 8 September 1939, Page 2
Word Count
200GOLDMINING Grey River Argus, 8 September 1939, Page 2
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