MINING NEWS

New Zealand Herald, Volume LXXI, Issue 21717, 5 February 1934, Page 5

MINING NEWS

REPAIRS AT CHARLESTON Reporting on the progress; of the repair work being carried out at, the Charleston Sluicing Company's ciairq at Croninville, the mine supervisor states that two breaks in the water race had been completed. The first had involved driving tunnel in the blue reef of 70ft., and the other was open ditch. A start had been made on laying rails in the tunnel.

QUEENSLAND GOLD YIELD The Queensland gold yield' for Do ecmhor was $391 fine ounces, valued at £35,642, comparikl with 4602 ounces*/ valued at £19,548, for December, 1932. GOLDFIELDS DREDGING A statement by the chairman of Gold fields Dredging Company, Limited (Queeustowu), recently issued to shareholders, states that since the company commenced operations last August, gold to the value of £2550 has,been won. Expenditure amounted to £3989, but this included a substantial amouni spent upon spare, parts for the dredge, which are in stock. It is proposed to take the dredge through the Lowe* Tucker Gorge to the company's claim at Big Beach in June. The ground on which the dredgo is now working has been dredged previously. The company proposes to ''form a separate power supply company, the whole of thq shares to be held v by the Goldfieldi Dredging Company. Negotiations hav« been completed for 'the sale of power t<j the Queenstown Borough and to tha hospital board, j;,nd applications havd been made for permits for the sale o( bulk power other than for mining pur* poseis.