CAPITAL FOR GOLD MINING.
I have noticed a lot of articles in the papers lately about prospecting and gold mining. Here is a question I would like to ask: A prospector locates a reef on low country, but after sinking a few feet he comes to water, and if he is to proceed he requires pumps, timber and cement to shut the water off from that particular strata. Now where can he get the necessary money to open up hie claim? He knows that he cannot carry on without money. So he fills up his trench or shaft, leaving'it for a future oceasiorf. He then 'makes f'or the high lands, where he can secure drainage, believing he has left behind him the very stuff he is looking for. If anybody could solve that question there would" be no shortage of gold in New Zealand, because there ie a hundred times more gold on the flats than was ever on the ranges. But without capital to work it, untold but known millions are lying in the ground. -■■ G.-ANDREWS. ■
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Auckland Star, Volume LXIII, Issue 138, 13 June 1932, Page 6
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177CAPITAL FOR GOLD MINING. Auckland Star, Volume LXIII, Issue 138, 13 June 1932, Page 6
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