"NO GOLD AT TAUPO."

Auckland Star, Volume LVIII, Issue 226, 24 September 1927, Page 11

"NO GOLD AT TAUPO."

A REPORT DENIED. (By Telegraph.—Press Association.) HASTINGS, Friday. "There is not a word of truth in the report published this week in an Auckland paper, and copied in some provincial papers, that a party of Hawke's Bay prospectors operating on the western side of Lake Taupo collected 50 ounces of gold a few days ago and hope to get a further quantity within the next week or so." The above is the statement of the secretary of the Hastings syndicate which has had four prospectors on the field for the last six months. "We have combed the hill very thoroughly during that time," he said, "and we know, and are now camped upon the only creek which carries any trace worth noticing of alluvial gold in that district, the only prospecting work that has been done. We are still prospecting and nc gold at all has been won." Continuing, he said that such a report of a rich find would be laughable but that its publication may have been inspired with an unworthy motive, possibly with the view of company flotation. In any case, he eaid, the instigation of such reports was commercialy unmoral, as they were calculated to draw men into costly country wheho chances cf reward were very remote.