GOLD IN CHINA.
SYDNEY SYNDICATE'S PROJECT.
It is stated that after five years of continuous work, during which a large amount of money was expended, a Sydney syndicate has secured a mining concession of a great tract of land. in one of' the provinces of China. The concession is said to embrace a continuous range of low-lying hills that run for a distance of some 35 miles. It is stated that this range of hills is intersected by a formation exactly similar in every detail to the Johannesburg " banket" formation, and that assays taken over thousands of feet, both from the outcrop as well as from shallow shafts, ranged from sdwt to 3oz of gold per ton of ore. It is stated that one Sydney mining man has spent several thousands of pounds upon reports from competent mining experts, as well as in wages, before the concession was obtained from the provincial Chinese Government. It is also stated that several Melbourne mining men desired to secure a large interest in the concession, but their financial assistance was declined, as one of the members of the Sydney syndicate will leave for London at an early date for the purpose of eidisting the help of English capitalists in handling the development of the concession on an extensive scale.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15610, 15 May 1914, Page 9
Word Count
216GOLD IN CHINA. New Zealand Herald, Volume LI, Issue 15610, 15 May 1914, Page 9
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