The Moraleja Gold-bearing Alluvial Concession.
This is another company that has been formed for the purpose of working alluvial gold mines in Spain, and there are good indications that their enterprise will be crowned with success. The two properties known as Barbantes and Acha, comprising 208 acres in the province of Orense, have already been tested, with the most satisfactory results. The engineers have based their calculations on the uniform depths of the deposits of fifteen feet, but in most places they are far deeper, and it is reported that nearly the whole of the ground will pay well to work. The tests have given an average return of five dwts. of gold per cubic yard; but the facilities for working and handling the ore are so favourable that if only a quarter of that estimate is realised, the profits of the company will be enormous.