REPORTED GOLD STRIKE

Northern Advocate, 24 September 1927, Page 12

REPORTED GOLD STRIKE

INSPIRED RUMOUR

HASTINGS, This Day,

There’s not a word of truth in tlje report, published this week in an Auckland paper and copied in some provincial papers, that “a party of Hawke’s Bay prospectors, operating on the western side of Lake Taupo, collected 50 ounces of gold a few days ago and hope to get a further quantity within the next week or so.”

The above is the statement of the secretary of the Hastings syndicate which has had four prospectors on the field for the last six months. “We have combed the hill very thoroughly during that time,” he said, “and we know ami arc now camped upon the only creek which carries any trace worth noticing of alluvial gold in that district. Only prospecting work has been done. We are still prospecting, and no gold at all has been won.” Such a report of a rich find would be laughable, but that its publication might 'have been inspired with an unworthy motive, possibly with a view to company flotation. In any case, he said, the instigation of such reports was commercially unmoral, as they were calculated to draw men into costly country, where the chances of reward were very remote. —Press Assn.