WEST COAST MINING

Hawke's Bay Tribune, Volume XXII, Issue 193, 30 July 1932, Page 9

WEST COAST MINING

MANY COMPANIES INTERESTED. The stimulating effect which the high price of gold is having upon the mining industry is well reflected in the increased activities on the West Coast of the South, Island. The operations of a number of new ventures were reviewed by the Christchurch Press this week. The Golden Sands Company, a sluicing enterprise in the Barrytown district, is expected to commence active mining operations by the end of September or early October. The major part of the capital is held in Christchurch.

The Molyneux electric dredge, which operated on the Molyneux River about 20 years ago, is being dismantled for removal to the Giliespie’s Beach claim, in South Westland. It is expected that the Brian Boru dredge will be operating actively within a month. Substantial quantities of gold were won in this area in the early days. Most of the capital is held on the Coast and in Wellington. A commencement is being made with the dismantling of a dredge in Waikaka Valley (Southland), and another in Central Otago, for removal to Murchison to work a claim on the Mataki River. From the two dredges an efficient machine will be provided. The bulk of the stock of the company is held in Wellington. The Snowy River Company is accepting tenders for the construction of the water-race to its claim. The work will be let in sections in order to expedite completion. , The New Zealand Mining Investment Company has completed, for a Christchurch syndicate, the boring of a claim on the Blackball Creek, the results being satisfactory. The company’s plant is commencing this week to drill the South Beach, south of Greymouth. Rich returns were secured on the alluvial flats in this vicinity in the early days, the famous Golconda lead running through the district. The area is within a few miles of Greymouth. An area of 3000 acres of alluvial ground in the Okarito district, held by an Auckland syndicate, has been submitted to Home mining interests. If the Home interests are favourable, extended prospecting will be undertaken.