HOPE FOR REVIVAL
Gold Mining Industry MINISTER OPTIMISTIC Likely South Island Field Dominion Special Service. Auckland, November 24. An optimistic note concerning the revival of sold mining in New Zealand was sounded by the Hon. A. J. Murdoch, Minister of Mines, this morning when speaking at a United. Party reception to Ministers and visiting members of Parliament. “We hope in the near future,’ said the Minister, “to be able to report that gold mines are taking a turn for the better. We are aiming to develop the gold resources of New Zealand. We have quite an area at Thames and Coromandel which I believe-will pay for development. We are now. prospecting there, and we are seeking to discover means whereby low grade ore can be treated satisfactorily. In the South Island we have on tap quite a number of propositions that will be of advantage to the community . and which may create quite a mining boom in the South Island. They will provide work for men and produce a considerable amount of gold for New Zealand. In one South Island proposition, if the borings are found to be correct, and I believe they will be, £2,000,000 will come to New Zealand for gold alone.” '
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Bibliographic details
Dominion, Volume 24, Issue 52, 25 November 1930, Page 8
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204HOPE FOR REVIVAL Dominion, Volume 24, Issue 52, 25 November 1930, Page 8
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