MINING NEWS

New Zealand Herald, Volume LXXIII, Issue 22403, 27 April 1936, Page 9

MINING NEWS

KILDARE CONSOLIDATED SAME LOSS RECORDED A loss of £36, the same as in the v? previous year, is shown in the accounts-:o_ of the Kildare Consolidated - Gold Min- JT ing Company, Limited (Otago), for the year ended December 31. The amount of gold won was small, as development '* work was carried out during the period, revenue from this source being £1212 * 16s 6d, compared with £lßl3 9s 4d in . the previous year. The Teport states that y difficulties were faced in the develop- v. ment work which were not apparent in the early stages. No sluicing'could . be carried out while development was proceeding. During the year a consider;able amount of top material had to be - stripped down to the bottom layers, carrying fine gold. Work was now being started on these bottom layers, but"-' until this was taken out to the bottom no accurate estimate of the results likely to be obtained could be given. •/ Notice was received in February that, British Developments, Limited, did not intend to exercise its option, : and the . s payments made for the option now become part of the company's property. .j. YIELDS OF COMPANIES Golden Dawn (Owharoa). —For the 'Q 20 2-3 working days ended April 13, -• 738 tons of ore were treated for a re-.~j turn of £3273, at £7 2s per gold ounce. Talisman Dubbo (Karangahake).— 56 2-3 tons were treated at the Golden ;* t Dawn battery foi an approximate , realisation of £547. . Worksop Extended (West Coast). —■ Last week, 270z for 132 hours and 10,000 yards. Argo (West Coast). —Last . week, »■ 420z. for 93 hours and 11,000. yards. Maori Gully . (West Coast).—44oz.~ 17dwt. for 217 hours since Easter holi-. ~v ' days. ."» Mossy Creek (West Coast). —28oz. lOdwt. for 129 hours and 12,528 yards. ** Waitahu (West Coast)..—Partial .T wash-up, 31oz. 15dwt. for 168 hours. Elevating operations on No. 6 paddock were commenced on April 3. BRIAN BORU DREDGE Following on the disposal of the debenture issue, the Brian Boru Dredging Company (West Coast) has let a contract for the reconditioning of, the dredge. The work will be commenced immediately, and it is expected that the dredge will be ready to recommence operations, at the end of June or early in July. , . .. . ■ : ■ • -O BULOLO PRODUCTION vl For the month of March the total. gross production amounted to i6,0050z. '■ z of bullion, containing 11,2030z. of fine A , gold, from 955,800 cubic yards. Estimated working profit, 8029o&. of fine gold. The production is equivalent to. £98,026, and working profit to £70,254 / on the basis of £8 15s a fine ounce of' :' . gold. - . ~