RICH FINDS.

Press, Volume LXIII, Issue 18897, 12 January 1927, Page 9

RICH FINDS.

NEW GUINEA GOLDFIELDS. ,'Bjr CABLE—MESS ASSOCIAIIOM—COFTKIQHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) SYDNEY, January 11. Another 10,000 ounces of gold from the New Guinea fields arrived by steamer yesterday. It is valued at over £25,000. This makes a total of 41,000 ounces, with an estimated value of £102,000, to have reached Sydney since the shipments began in August last. Among prospectors who returned were over a dozen disappainted miners who were unable to get inland from the coast because of want of funds and the difficulties of th 6 route.

According to other mining men, who have come southward, in connexion with the settlement of the disputed claims, the flotation of further areas and other matters connected with the fields, all good ground in the Edie Creek area has been taken upThey, however, give glowing accounts of new extensive finds at Watut, two, days' 'march north-west of Eclie Cre:k, They state that cold there is worth £3 17s 6d an ounce, compared with £2 10s for the Edie metal. The climate at the new field is described as temperate. There are good food and labour conditions, accessibility is easier, and living and working conditions altogether are better.