MINING
BIG RIVER, The Big River Gold Mines, Ltd., gold returns for the months of July and August- are - Battery Department: 305 tons of ore crushed for 2050 z lodwt of melted gold. Cyanide Department: 250 tons of sands treated for 270 z of bullion. Total estimated value is £1745. In addition, *3 tens 12cwt of concentrates were saved, valued at £,llO. In estimating the above values,, gold has been taken at 150 s a fine ounce. BLACKWATER. The Blackwater Mines’ return for August is: Crushed 4945 tons, yielding 2404 fine ounces of gold from all sources, including clean-up of old battery, the value of which, taking gold at 148 s a fine ounce, was £17,788. Working expenses were £9369, leaving a working profit of £8419. Development expenditure w*as £697, and capital expenditure £746.
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Bibliographic details
Hokitika Guardian, 8 September 1939, Page 7
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134MINING Hokitika Guardian, 8 September 1939, Page 7
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