“In prospecting other streams of the northern part of the 40-mile area we generally found from a trace of tin to say a pound or so per yard with limited yardage, and none of them offer much encouragement to the company for mining purposes.
“A part of the N’Gell River, in Sections 49 to 50, I think is suitable for taking up as a mining lease. The tin, however, appears to be mostly confined to the river bed, and therefore it is more suitable for calabashing than for sluicing purposes. Also the parts of streams Nos. 1 and 2, which are in the prospecting area, should be included in the areas applied for.”
The manager further states, in regard to the drilling operations which are being carried out on the more remote and westerly portion of the property, that the results hitherto obtained have not been very encouraging, but that it is too early to arrive at a definite conclusion in regard to final results.
Cable advice has been received of the recovery of ten tons of tin during the month of October. The manager adds that the water is falling rapidly; this should permit of calabashing on an extended scale. The value of the tin already won by intermittent working should realise nearly £4,000, a sum in excess of the outlay in respect of the surveying and prospecting on which the small staff has been principally occupied.
TIN AREAS OF NIGERIA, Ltd.
Capital.—£60,000 in 240,000 shares of 5s. each.
Directors.—Assheton Leaver (Chairman), Cyril D’Arcy Leaver, James Ramsay Parsons, Franklin Stokes Saunders, Lewis Norman Way.
Secretary.—Henry Thomas Miller.
Offices.—St. Bartholomew House, 58 West Smithfield, E.C.
This company owns two alluvial tin properties of about one square mile each, and when the company was formed they had a further option for an area of about 1,920 acres, which option has since been exercised, and the property referred to in it floated as a subsidiary company called the Jos Tin Area (Nigeria) Limited.