Cromwell Gold Boom
Big Sums Offered for Claims PROSPECTORS REAP RICH HARVEST For Press Association. DUNEDIN, Laßt 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 be renewed at the end of the month for two further months by 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
Manawatu Times, Volume LIV, Issue 7196, 30 June 1933, Page 6
Word Count
161Cromwell Gold Boom Manawatu Times, Volume LIV, Issue 7196, 30 June 1933, Page 6
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