MINING
RIMU DREDGE. For the clean-up period ending 2nd. May, 1938, 170.55 crude ounces of gold were recovered from 39,706 cubic yards of material treated in 107 hours 13 mins. M ATARI. The Mataki return for the period ended May 1 was 28 ounces for 106 hours’ work and 78U0 yards. CLUTHA RIVER. For the week ended April 29, the Clutha River dredge worked 125 hours and recovered 103 ounces of gold. WAIMUMU SLUICING. The Waimumu Sluicing Company, Ltd., shows a loss of £Bl3 in its working account for the year ended March 31, 1938, which the directors attribute to increased working costs amUwages, the cost of gravel pump replacements, poorer ground, and, to some extent, the failure at one stage to save the gold properly. They hope that the coming year will be more satisfactory. Gold won totalled 2910zs lOdwt 9 gr. Values were falling towards the end of the year, and a fresh start will be made, probably in the terraces.
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Hokitika Guardian, 3 May 1938, Page 4
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163MINING Hokitika Guardian, 3 May 1938, Page 4
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