MINING NEWS

New Zealand Herald, Volume LXXI, Issue 21938, 23 October 1934, Page 5

MINING NEWS

YIELDS OF COMPANIES Brian Born (near Grej-mouth) .—- 15oz. lodwt. for 118 hours' work and 13,000 yds. treated. Worksop Extended (West Coast). —? Last week, 90oz. Gdwt. for 137 hours. Golden Sands (West Coast). —220z. 17dwt. for 22 shifts of eight-hours. THE GOLDFIELDS DREDGE The Goldfields Company (Otago)' dredgemaster Reports that there was considerable loss of dredging time during the past fortnight owing to drift gravel brought down by three recent floods in tho Shotovcr River.. GLENROY OPERATIONS A report issued by Glenrov Gold, Limited (Murchison), states th.it Mr. It. T. Stewart will proceed to tho claim and take charge of operations for tho purpose of installing his methods and generally to work tho claim in his own way, so that the estimated returns as set out in his reports can bo definitely proved in actual sluicing practico. WILUNA GOLD DIVIDEND The Wiluna Gold Corporation, Limited, London, which is mining in Western Australia, lias declared a final dividend of 12J per cent. A dividend of 10 per cent (tho first) was paid in January. CANADIAN PRODUCTION A high record in the value of Canada's gold output is virtually assured for tho present year. It is,estimated that the value of the gold produced in 1934 will exceed 100,000,000 dollars (£20,000,000). Last year's total was 84,350,000 dollars (£16,800,000). During tho yonr tho search for • gold and tho development of new and of reopened properties, following tho rise in the prico of gold, has beon energetically pursued. Many properties brought, under development are of the "rejuvenated" class. A feature of the year has been the revh-al"of interest in the gold potentialities of Nova Scotia..