BIG FIND

Evening Post, Volume CXIII, Issue 1, 2 January 1932, Page 20

BIG FIND

LARGE GOLD DEPOSIT

PLANS FOR WORKING

'Tho largest deposit of medium-grade gold that Australia has known is believed to have been discovered oa' au old field at Lyndhurst, eight miles from Mandurania, between Blayney and Cowra, says the Sydney "Daily Telegiaph."

Keprescutatives of Broken Hiil Ply., jLtd., and other Sydney interests havo taken up areas covering'several hundreds of acres, and costly plans for the immediate exploitation of the field aro in preparation.

, In tho first 90 feet of depth, geologists have' proved the existence of six beds, varying in width, from 4 feet to 20 feet, with an aggregate depth of 50 feet.

Tho total ore bodies aro reckoned at more than 200,000 tons to the acre—a phenomena] estimate. One Sydney company.1 is proceeding immediately with the erection of plant, and the B.H.P. is understood to have decided'on an' oxtensive diamond-drilling campaign f.o test fully; its area of 250 acres. Tho field has lain almost idle for nearly 30 years, a treatment problem which was then insurmountable having forced the original English company to abandon work. They left, however, a reservoir which is said to have cost £70,000 nearly 40 years ago. Seventy feet high, die wall dams back the.Belubula Biyer for several miles, ,and; it will enable the Sydney'company which has taken it up to derive abundant and cheap electric power for its workings. SIMPLER NOW. In recent years the treatment of the ore has been, simplified by scientific research in Australia and, overseas, and experts who, have spent several weeks oil.tho field see no difficulty to-day. Some work has been done on the field during recent years by, Mr. *W. B. Wilkinson, but-'he is understoo'jl to have disposed of his interests. Estimates of value vary, but evidence of the richness of the field was contained in a recent balk crushing of moro than 500 tons, which" yielded a return of more than, one ounce to tho tou—the total value approximating £GOOO. Many of the hundreds of sample assays which havo been taken, however, give returns ranging- from only four pennyweigiits upward. , The contour of tho country is said to offer almost every conceivable facility for economical mining, however, and ..even with » return of only4dwts, thoso 'concerned are confident of rich returns. Experts from the iipld offer a warning against any "rushi" It is no poor man's field, they say, but an area needing, considerable capital and modern plant for successful working.