(a) The tin falls above the property.
(b) The river has its source in a country rich in tin.
(c) The good values obtained in the stream bed and samples taken from the banks.
(d) The method of deposition of the alluvial which indicates that “wash outs” are unlikely to be found. In fact some good leads should have been left by the river in the older gravels.
Upon these grounds he is of opinion that there are about 300 acres of alluvial ground that should prove to be about 2½ yards deep with values of about 3 lbs. per cubic yard. Mr. Huddart adds that an output of about 30 tons per month, or 360 tons per year, should be reached without difficulty. In conclusion, he says: “The property is a good one, and its ample supply of water cannot be too strongly emphasised. Tin will be produced quickly from the river bed, and systematic development should bear out the above estimate, and enable the work to be laid out with a view on ultimate production of about 40 tons per month.”
Application for the Kwall Falls for electric power has been made on behalf of this company, and great importance is attached to them. They are situated about 14 miles west of the Niger (Bauchi) Syndicate’s area, and it is stated that in the driest months there is ample water flowing with a drop of 400 feet to generate 2,000 h.p. without any expense of damming.
TIN FIELDS OF NORTHERN NIGERIA, Ltd.
Capital.—£100,000 in 100,000 shares of £1 each, of which 45,000 were issued to the vendors and 24,507 for cash, 10s. paid.
Directors.—Mr. S. R. Bastard (Chairman), Mr. F. N. Best, and Mr. C. H. Dudley Ward.