MAHAKIPAWA POLICY
IPer Press Association.-r-Gopyright.l CHRISTCHURCH, This Day. The future policy of Mahakipawa Gold Fields (Marlborough), Ltd., will be determined by the results of tests now being carried out to ascertain the possibilities of the extension of operations and additional capital. A general meeting of shareholders, held today, was adjourned, pending the results of tests. Mr J. R. Templin, chairman of directors, who presided, said the company had arranged to sink a shaft toward the south end of the claim, to prove if payable values existed on the false bottom, approximately 10 chains south of the King Solomon shaft. If a profitable lead was cut at this level it would be p'ossible to test the existence of the wash over a length of 60 chains north of the new shaft. Results would be known within two months. As the company owed £I9OO. exclusive of a grant from the Unemployment Board, and the cost of the geophysical survey* it would mean that £2900 would be required to place the company in a position to carry on further testing work. If the company was unsuccessful in striking gold a further £IOOO would be required for labour.
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Bibliographic details
Northern Advocate, 23 October 1935, Page 11
Word Count
194MAHAKIPAWA POLICY Northern Advocate, 23 October 1935, Page 11
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