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Grey River Argus, 27 April 1910, Page 4

Ir "is; stated that the King Gold Mm: ing. ; Company.,, a property located ; at the Wilberforce, has been floated. The capital is said > to,: be ,£50,000. The promoters of the company, .. are to repeive 17,500 fully . paid up shares as tf part payment." -If .the statement is correct and all the^ shafesrar^ disjK>S; ed of except the? lT^pji': %sih. ;ih preserve for * future -use, the vendors must be saad to have-made.^a.,:gp«dj deal — for themselves.: Th^ocality is a long distaiice jfoitrP jMe cpasi>i and/ the.. fpr 7 rna^on 6f : the; roaH.l.that was.Vun3er Vay/ (such as^ it^was) cnas ;^ be^i^^sr cpntinued; and /it /may; "take. /. ibme little; . trouble : -to/'^eti t thej work startied again./ The lo^aUty in/the- nei^bour^ b,00.d of the mine is ; rather/ 1 / difficult of .access.,-,, and necessary bjatte^y ' •machinery ;pn : the Jgrouiid would entail, considerable expense. It is stated 5 that ti : . is intended t6 ferect a 10-stainp/'bat^ry / : W tjie ground capable of three 'tons-of/ore per stamp per day, wliich seems to* be ; a> rather sanguine estimate';'"'- •' There appears to be plenty of water, at least when not couverteel jpitp ice by. the winter, which is rather rigorous in that region for , several jnonths in the year. It is expected ; tha^t it will take spven'montlie' before /.crushing . operi,tjions can be commenced. It is ""also ' said tihat the samples of quartz tested gave most satisfactory, , results. This is in strict accordance, -with /some of the tests made of, ■■. quartz from Wilson's Reward claim, though Dr^Beil 1 reported adversely on quartz he tested from the same , . tunnel. /, ■•" That is .a point that has not 1 yet been cleared up satisfactorily. However, if w.prk is carried on at the Gold King it may be the means of leading to other reefs bping taken up and worked, as there appears to be many in the locality. But th.e^.^a^t.: of ;/^-../g^^ -^0345^0 ' the reefs mus^ se^ye-.-as •a ; great drawback to the development of the district. This, v taken .in .conjunction: with, the' high elevatipn at ; .- f which the re.ef s ;are situa-ted ,must. ■■;. also interf erei a • good : deal with any speedy opening of other) mines. These; little ..drawbacks . might ; however. t be 'regarded; as trifling if .the; Mines .-Department; should -regard the development. Pf the field with\ a ;favour able „ eye ; but that branch of. the Government-is rather / an/, uncertain quantity -^t, present. \ ' arid . for : some i •little . time hack;.-, : It is., at ; any .rate i good; news ■to learn that, there is at-1 last, some prospect 'that, the! locality < is. to receive a trial, rid:. matter .011 what, terms. t Whatv Ifasl-ilong .'been ! Waited for. is -that, a beginning, ;shouJd i be madevby. Some brie. It only requires that one, company., should ::prove pay- j able and others: wo'u-ld'" soon follow. ■