MINING NEWS
MAORI GULLY PURCHASE NEVIS DREDGE BOUGHT Proposals for the acquisition of the Nevis Diesel Electric Company's dredge (Otago) and for the exercise of options over areas a few miles south of Kumara (West Const) were adopted by shareholders of the Maori Gully (Kokiri) Gold Dredging Company, Limited, at the annual meeting in Christchurch on Monday. A commencement is to be - made immediately with the difmantling of the Nevis dredge for removal to a site at Callaghan's. near Kumara. The directors reported that the cost of exercising the options would be £2575. The purchase price of the Nevis dredge ajid equipment in a partiallydismantled state, together with hardwood pontoons at the site of the Upper | Nevis, would bo approximately £BOO. i MOLYNEUX DREDGE RESUMES The removal of the Molyneux Gold Dredging Company's* dredge' further up the Molyneux River (Otago) was completed successfully early this month. The re-erection of the power line .and other incidental work was completed during! the next 10 days, and the dredge recommenced operations on Monday in its new position. YIELDS OF COMPANIES Blackball Dredge (West Coast).— 590z. from 12,500 yards in 115 hours. , , Clutha River (Otago).—lsooz. /lUmu'Twest Coast).—: 2.t7.350Z. '49,429 yards io LW. hourfl e
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23202, 23 November 1938, Page 9
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200MINING NEWS New Zealand Herald, Volume LXXV, Issue 23202, 23 November 1938, Page 9
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