MINING

Hokitika Guardian, 7 October 1931, Page 4

MINING

Jt is expected that operations ou the Mount David property at Blackwater with regard to tapping the Big Grey River with a water race will be coinuenccd this week.

Christchurch Stock Exchange of Oct. 2nd reports transactions of sales; 150 shares Okarito Dredging Coy. and quotations Okaritos hardened to 9s and 9s Id and late buyers offered 9s 3d with sellers at 9s sd. ALEXANDER MIXES. Returns for September Battery ; 218 oz melted gold from 315 tons. Cyanide : 136 tons sands treated for 520 z 9dwt of bullion. Total estimated value £ll4O (including premium on sale of gold estimated at £102). Considerable improvement has taken place in the development underground in No. 3 Level in connection with the McVicar lode. BLACKWATER MIXES. Black water mines Return for September ; Crushed 5869 tons, yielding 1931 line o/.s gold, valued at £8225. -Working expenses £5,484. In addition, the -furnace treated 88 tons concentrates for return of 106 fine ozs gold valued at £448. Working expenses £126 ; working profit £3064. Development expenditure £696; capital expenditure £lO2, profit over all £2,266. OKARITO FIVE MILE. A telegram received front Okarito Five Mile Beach Gold Dreuging Co., Ltd., Dunedin, says: Wash-up 37 ounces 12 pennyweights for 128 hours.