Karaka Syndicate.

Auckland Star, Volume XXVIII, Issue 274, 25 November 1897, Page 3

Karaka Syndicate.

NEW FIND KARAKA BLOCK.

Mr Battens, manager of the Kapanga ffime, has visited the above property, inWed the reef, and expresses himself T, ep' pleased with the outlook. He confers it will prove average grade lode of ?wd quality, which means a great deal in a «r»ebodyof quartz. Gold seems to be eT«ily distributed throughout the stone, |M should run £3 per oz. The reef is so ™ exposed only at the outcrop, but the ttaracter of the country is such that it 'bould maintain all its present qualities at a <lepth. The spur on which the reef outjfops at the ridge is almost vertical, and toe whole can be inexpensively mined. "'together the discovery as far as can be r* n is one of the most important that has u «n place in Coromandel of late years. . * number of mining men from Auckvisited Coromandel on the ™i November for the purpose of injF™g the new find on the Karaka oeic. Included amongst the number £ ere Captain Argall, Mr A. P. Griffiths, Jrtain Hornibrooke, and others. The j" ly mspected the property to-day, spendoSonie time going over the ground and sam °Ver tlle new Hauraki mine, where the reef has been located and shows gold. ft» were favourably impressed with the find S eofder it will be a valuable one. solrf>- in the fflce looked well > L? bf: lng freely seen, and appearing to downwards.