MINING NOTES.
The Clutha is so low at present that many men are making fair wages on the exposed beaches. The claims at Matakanui will probably start work this jveek unlesshard frosts again set in. Taitapu Gold Company has just been floated in London, capital £175,000, of which £125,000 is offered to the public. Ziman, a South African speculator, has just bought the Wealth of Nations mine at JReefton for £21,000- The same man has applied for six prospecting areas of 640 acres each on' the West coast of the South Island. He is prepared to consent to the cancellation of his license, if within two years he does not spend £lO per acre in the search for gold, silver, and other minerals. If the search is successful 'he feels sure he can get a capital-of a million to erect the most improved machiuery for treating the precious metals Mining boom in Auckland. Waihi mine has got £9SSI worth of bullion from 2910 tons in 28 days.
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Bibliographic details
Mount Ida Chronicle, Volume 26, Issue 1337, 10 August 1895, Page 3
Word Count
167MINING NOTES. Mount Ida Chronicle, Volume 26, Issue 1337, 10 August 1895, Page 3
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