MINING
BLACK WATER MINES, LTD. The Blaekwuter Mines j Ltd returns for February are as follows: — Crushed 3601 ton s yeilding 1739 fine ozs. of gold, valued at £7388. Working expenses £5306. In addition the furnace treated 76 ton s of concentrates for a return of 162 fine oz god, valued at £133. A\ orking expenses £ll9. Working profit £2,396.. Capital expenditure £964, and development expenditure £l3. Profit over all £1419 with gold at standard value.
OKARITO. DREDGE. The Okarito Five Mile Beach Gold Dredging Company Ltcl., report relat S to the four weeks ironi January 30 to February 27.—Total gold won, 3200 z lldwt; total time wo died, 493 hours; total non-working time, 78 hours; total vardage treated, 31,/00 (an a\einge of 64 cubic yards per hour); everage value of ground (o n basis of gold worth £4 per ounce), 9.7 d per cubic yard.
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Hokitika Guardian, 10 March 1932, Page 5
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146MINING Hokitika Guardian, 10 March 1932, Page 5
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