MINING
GREY RIVER DREDGE. Clean-up period ending lOth July, 1940, 127 hours .05 minutes total time digging.'B7,Bld-'chbic yards excavated. 266.25 crude ounces gold recovered. ARGO. A dividend (No. 20) of one penny per share (free ,of income tax) has been declared on all the shares in the Argo Gold Dredging Company, Ltd., and will be payable on July 22nd. This dividend represents a distribution of £2OOO to the shareholders, which makes a total distribution of £39,000 paid in dividends since operations commenced. BIG RIVER. The gold returns for May and June were: —Battery Department: 209 tons ore crashed for l'46ozs. 16dwts melted gold. Cyanide Department: 150 tons of sands treated for 21ozs. lOdwts of . bullion. Total estimated value: i£1325. In addition, four tons of concentrates were saved, valued at £l2O. Note: fn estimating the,above values, gold has be?n taken at 160 s per fine ounce.
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Hokitika Guardian, 11 July 1940, Page 6
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145MINING Hokitika Guardian, 11 July 1940, Page 6
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