GOLD DREDGING.

Greymouth Evening Star, Volume XXXI, 13 November 1901, Page 3

GOLD DREDGING.

The Mokoia dredge has won from the river sufficient gold to meet all its liabilities and to place apart a sum for dividend a oses. The dredge is operating upon ground, and with favourable weather should maintain regular and profitable weekly returns. The Buller Junction dredge is working well, on good ground, from which higher returns than those already reported arc

expected. The upper part of the claim where the dredge first commenced operaS tions, is additional ground to that first applied for, and will be returned to in course of time. The directors have also purchased at £lO per acre 15 acres of freehold and have an option extending till next July over another 105 acres with right to test by dredging; A new departure is also to be made by the Company* the directors having a coalfield extending over 15 acres, from which they will sluice coal down a channel 61 chains in length, and then land it on the vessel at 10s per ton. The Company also hope to supply fuel to other dredges in the vicinity of the field. The Premier dredge is now almost completed and will make a trial run next week, probably on Saturday week. To all appearances, she is a fine vessel, the best built on the river, and provided she 1 strikes the gold, should have a long and healthy existence. The bottom of the claim is about a mile and a half below where the dredge is at present located but there should be no difficulty in reaching it.