BURIED WEALTH.

Auckland Star, Volume XLIV, Issue 154, 30 June 1913, Page 7

BURIED WEALTH.

POSSIBILITIES OF WAIHI. (By Telegraph.—Own Correspondent.) WAIHI, this day. A local prospector, wlio is well acquainted with thiif district, jiives it a* hie opinion that, from the Talisman mine at Karangabake, to the Waihi mini*, and thence on xo the coast, a vast soldneld lies buried. He suggests that (Jovenunent should put down a series of bore-holt* between these places, and, if they wen- successful in locating auriferinis country, sections should >»- put up for ballot, with the exception of a few places, such a- Karanuahake Hill. (Kvh.iron. Martha Hill. Union, and Wuilii Beach. All the field i« covered up by "ei-ent deposito of a non-gold-bearing nature to a depth of several hundred feet, and in some places over a thousand feet. I'roUably beneath this overburden lii-«s ore of the richest <roldii:'!<N in the world. A deputation recently waited upon the Minister for Mine-, and asked for the iitiiis-taili-p of I to\"prnment in testing a lurjTi , reef on ilie reef claim at Waihi by the aid of tin- diamond drill. The reply i- ■.•xjxvieil >)iorlly. This property

eon-iot- cit' C' 4 acres, and is owned*bv osouthern wyndicate. It adjoins the W.iil.i Staniliird cl.urn. The reef, which uiit'Tops nil tin* eurfacp, is of great width, being fully 112 ft. from wall to wall. Assays taken right across the net' gave from ]/(i to 21/0 per ton. >overal well-known mine managers have inspected the property, and agree that tie rerf lias big possibilities when depth iii readied.