Big Sums Offered for Claims
CROMWELL GOLD BOOM. PROSPECTORS REAP RICH HARVEST DUNEDIN, Last Night. In connection with the rich gold discovery at Deadman’s Point, Cromwell, it was reported to-day that a syndicate representing London,’ Australia and New Zealand capital, has secured an option over the claim, which is 67 acres in extent. A sum of £SO was paid for an option for one month, and if the option is then exercised Messrs Russell and party will receive £17,000 in cash and 3000 paid-up £1 shares. The option can he renewed at the end of the month for two further months, hy the payment of £IOO.
Although this may seem a large amount, some amounts almost as large have been offered for other claims in the district.
Negotiations are being completed for the purchase of one area on the Kawarau for £15,000 and several others in the vicinity are being sought at prices on a par with this.
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Bibliographic details
Horowhenua Chronicle, 30 June 1933, Page 8
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158Big Sums Offered for Claims Horowhenua Chronicle, 30 June 1933, Page 8
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