MINING NEWS

New Zealand Herald, Volume LXXII, Issue 22183, 9 August 1935, Page 7

MINING NEWS

WEiST COAST PROSPECTING A southern report states that overseas interests nre en paged in a number of West Coast districts boring areas with a view to equipping them with dredges should the prospects warrant. The profitable returns of practically all the VVest Coast dredges now operating are directing attention to coast dredging, and, provided areas can be secured with a sufficient yardage to justify tho erection of large dredges, there i 9 likely to bo a considerable expansion in the industry within the next year. Ono Australian company has proved soveral areau, two or three of which are of a "marginal" character. It is understood that those will be equipped with x dredgtis contingent on tho gold tax being removed, otherwise operations will b« restricted to the areas in which the boring results indicate a more definite margin of profit. , \ REPORTS OF MANAGERS 41ataki (Mnrchison). —Last week the dredge pulled ahead 31ft. in ground tho average depth of which was 17ft. Tho dredge had a good run for the week, the ground continuing much the samo as tho week before, with the exception of one part where the bottom roso to Bft. Over tho balance of the face the depths varied, going down to 21ft, on the extreme western side. The greater portion of the river is still worked ground, tho bank being all . solid, very hard tight wash. The sample of gold is improving, being ..much , heavier than obtained previously.