MINING REPORTS.

Star (Christchurch), Volume LXVI, Issue 20234, 19 February 1934, Page 2

MINING REPORTS.

Goldfields Dredging Company. Per Press Association. DUNEDIN, February 18. The secretary of the Goldfields Dredging Company reports a return of fvUtiz ildwt for the last four weeks, of which two weeks were spent passing through the old working. Bell Hooper Cromwell Gold, Ltd. The return for the week ended February 16 was 320 z Ildwt 4gr. Total to dme 7Slioz. In view of the retufns b*eing obtained the directors have decided to -rssns 20.000 only of the new issue of 100.000 shares of ‘is each as sufficient capital is now in hand. Prospecting at Tnapeka. Prospecting operations are still being carried on with unabated interest in Tuapeka, particularly on the Alolynfeux from Beaumont to Coal Creek, stales the “Otago Daily Times." For the most part, the search for gold is being carried out by syndicates, though there are also many small parties of independent fossickers at work. Mr M. Fahey's property at Chinaman Flat and Air. H. Paterson's property, both of which are near Beaumont, have not given the expected returns. The BellMason strike in this locality is stated to have drawn Gore capital, and arrangements are now in hand for working the area in a systematic nianCraig Flat has been bored thoroughly, hut the results have been disappointing. Some hold the opinion that the Alolyneux River at one time flowed through this va'lFey. There are two boring plants at work prospecting the old river channel at Island Block, and it is results have been obtained. If this field gives a good average over the boring 1 ests, it i-s considered that it should provide a profitable venture if worked witli a modern dredge. Several hundred acres of Ettrick Flat are b*eing bored with the object of iindlieved to exist there, and if this proves as good as is hoped, there sboukl he ample scope for a dredge. It is understood that, a party has come to an arrangement with thv* Roxburgh Borough Council to prospect the Roxburgh recreation reserve, and this work is expected to be commenced next month. On the banks of the Alolyneux, near Coal Creek, boring lias been carried out, and it. is reported that 'excellent results have been obtained. Efforts are now being made to secure the necessary capital to work this area on an extensive scale. Bell-Xilgour Return. The secretary of the Bell-Kilgour Gold Alining Company, Ltd., reports the wash-up for the week ended February 16 amounted to 12oz 6dwt 19gr from development work.