MINING NEWS IMPORTANT DEVELOPMENT

Evening Post, Volume LXXXVII, Issue 78, 2 April 1914, Page 2

MINING NEWS IMPORTANT DEVELOPMENT

BULLION REFINERY AT PAEROA. (tr TELEGRAPH— gI-ECIAL TO THI POST.) AUCKLAND. This Day. An important development in the mining operations of the Auckland goldfields has been made, by the action of the National Bank of New Zealand in establishing a bullion refinery at Pacroa. The building.* have been erected in reinforced concrete, and the most modern appliances have been installed for the treatment of bullion. The plant is now in operation, and the bank will be prepared to lefine bullion locally. This will obviate the present necessity of sending it to Sydney or London for treatment. The Waihi Gold Mining Company has its own lolinery, and that of the National Bank is similar, enabling the bullion from the smaller companies' mines to be separated into pure gold and pure silver. With the exception of the Waihi Company, all the mining companies have in the past found it more profitable to leave the refining of the bullion to the mint where the metal is used. The National Bank plant is extensive enough to deal with all the bullion that these companies can produce, and they will be enabled to obtain pure gold, for which the various banks will pay full value. Thus the companies will have immediate returns, instead of waiting for weeks or paying interest' on advances, as has to be done at present. \ The electrolytic process has been adopted at the refinery. WAIHI GRAND JUNCTION. (BT TELEGRAPH PRESS ASSOCIATION.) AUCKLAND, Ist April. The Waihi Grand Junction battery has treated 8340 tons of ore for a return of £18,131 17s Id for twenty-four days.