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MINING ACTIVITY IN TUAPEKA.

[From Odb Own Correspondent,]

LAWRENCE, October 1

A Dunedin syndicate have purchased O’Brien Brothers’ claim at Waipori, and intend forming it into a company. They also hold a special claim of twenty acres adjoining, and have secured valuable water rights. Several attempts have been made within the past few months to purchase O’Brien’s claim, a Sydney syndicate having offered a large price for it without success. There are from 20ft to 25ft of washing showing, carrying gold in highly payable quantities. Messrs O’Brien have foryearsbackbeenmakingfrom L 8 to LlO a-week driving the washdirt out with a hose. The property is a moat valuable one.

The prospectus of the Commissioners Flat Gold Mining Company at Roxburgh was circulated privately in Lawrence yesterday morning, and already nearly 2,000 shares have been applied for through Mr J. C. Arbuckle. A large number of shares in the company have been taken up in Dunedin,

Mr William Peters took charge as working manager of the Hercules Company this morning. Shares in this company are rising rapidly.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18891001.2.12

Bibliographic details

MINING ACTIVITY IN TUAPEKA., Issue 8026, 1 October 1889

Word Count
175

MINING ACTIVITY IN TUAPEKA. Issue 8026, 1 October 1889

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