AUSTRAL NEW ZEALAND MINING.
Reference to Austral New Zealand Mining, Limited (West Coast), was made by Mr. H. Huntsman, chairman of Austral Malay Tin, Limited, at the annual meeting in the Federated Malay States, recently. Mr. Huntsman said that the original selected area consisted of 28,000,000 cubic yards, of an average value of three grains gold per cubic yard. Later boring indicated the probable occurrence of at least a further 28,000,000 cubic yards of payable ground, expected to yield about two grains per cubic yard. Indications from further prospecting were that, though there was a considerable area pf ground suitable for dredging, the gold contents were not likely to prove of any great economic value. An order had been placed for a large electricallyoperated dredge. As a result of shortage of steel it was difficult to say when the dredge would be ready to dig. it was hoped that erection of the pontoon would commence shortly..
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Evening Post, Volume CXXIII, Issue 142, 17 June 1937, Page 12
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156AUSTRAL NEW ZEALAND MINING. Evening Post, Volume CXXIII, Issue 142, 17 June 1937, Page 12
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