MACETOWN DEVELOPMENTS
Following recent litigation over several well-known mining leases—namely, Garibaldi, Premier, Sunrise, Treasure, and Homeward bound, in the Macetown district, a company has been formed for the purpose of thoroughly investigating these old mines. The development in these mines has been handicapped for want of adequate capital, and the wanted stimulus has now been supplied by Macetown Developments Limited, which company has gone to allotment over-subscribed. Preliminary investigation work will probably take approximately six months, and will he carried out under the supervision of Mr R. F. Landreth and Air H. H. Adams, mining engineers. Most of the stone previously treated in this district has produced at the rate of nearly loz per ton, and if the present company is successful in locating ore of even half that value, a very considerable margin of profit, it is stated, should be obtained. An assay office will he erected at Macctown and a small pilot plant consisting of an ore crusher, flotation unit, and cyanide plant will he installed.
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https://paperspast.natlib.govt.nz/newspapers/ESD19340829.2.29.21
Bibliographic details
Evening Star, Issue 21811, 29 August 1934, Page 5
Word Count
168MACETOWN DEVELOPMENTS Evening Star, Issue 21811, 29 August 1934, Page 5
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