MINING NEWS
WEST COAST VENTURES. Commenting on mining ventures on the West Coast, the “N.Z. Financial Times’.’ states: Brian Boru.—Returns have been dropping from seventy ounces in April to thirty ounces at the end of M y.. Many reasons have beep given for the fall; but the share market indicates that ■confidence still reigns in the niinds of investors. Okiai'ito.—The trend of returns is downward and poor ground lies ahead'However, the management is facing up to the conditions with determinat.on and energy. Gillespie’s.’—Not what it used to be by fifty iper cent The tables give trouble land the stuff is not going through. ’ The gold is there if 'mechanical trembles can be adjusted. Piper’s Elat, or Wheel of Fortune. — Prospecting by boring has been continued land with better’results showing. This is to be the policy of the company until the property is thoroughly tested. Snowy River.— Undergoing careful testing. Lawson’s Flat —Manager, Mr H. Lowther, ig handling the claim ably. The weather interfered with .a f«H wash-up, although 58ozs. were seemed for, s6l hours sluicing. The gold sov ing. tables, nearing completion, should help to increase returns. Stafford Gold Lvedging.—The construction of the dam has been pushed ahead .and is nearly ready. Mr Langford expects to 1 'launch the pontoons when the dam. is completed. . Prospectors have been out in the Wilberforee area (Taipo district) f or eighteen ( months and there are reports that gold-bearing quartz has been discovered near the junction of Julia Creek and Taipo river. With winter coming on. the prospectors will be obliged to return from the rgngce. Their report is being' keenly aw uteri bv Coasters. The Auckland syndicate which tested an area at Lake Mahimapua over twelve months' ago and 'applied for mining area* W up-to-date, done nothing further.'-A? this locality h'rs a good record for .Tick gold-bearing sand and modern appliances (to say nothing ' of high 'price % of" gold) a re'. available,, why has no further move been m-de?
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Hokitika Guardian, 26 June 1934, Page 8
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326MINING NEWS Hokitika Guardian, 26 June 1934, Page 8
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