MINING NEWS
sandhills\dividend —V " ■ The directors of the Sandhills Gold * Mining Company, limited, Otago,, have declared a dividend of id a share/ payable on June 15. The company has a paid capital of £24,000 in snares of Is each, the proposed distribution requiring £2OOO. It is operating on the Shotover River. . • : r WELLINGTON ALLUVIALS Wellington Alluvials, Limited South Wales), reports that for th.#r four weeks ended May 28 the dredge worked 535 hours, handled 208,005' V' cubic yards, and recovered 21610z. of 4 ' gold bullion.' The wash dredged wad above average grade, and the heigh D' of the overburden considerably below average. It. is expected that these conditions will continue for the present,.. but later the dredge will enter ground with higher overburden and lower 1 values.
YIELDS OF COMPANIES Mossy Creek (West Coast). SfcrOßs sdwt. from 11.844 yds in 134 hours^. Goldfields Dredging (Otago).— 4dwt. for 130 hours. : r
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23060, 10 June 1938, Page 7
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150MINING NEWS New Zealand Herald, Volume LXXV, Issue 23060, 10 June 1938, Page 7
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