ACTIVITY IN MINING

New Zealand Herald, Volume LXX, Issue 21533, 3 July 1933, Page 8

ACTIVITY IN MINING

CENTRAL OTAGO CLAIMS j EXCITEMENT AT CROMWEII i j rby telegraph—own- corresponded! I DUNEDIN, Sunday | Although to outward appearance tb® | first rush of excitement in Cromwell | over, actually activity among the | ing community, and particularly a portion which represents outside cap' ■ . tal, is greater than ever. | Representatives of financial intere . are engaged in expanding and cons. - ; dating their options and rights or | various areas. Moreover, the rus •-| peg out claims is being maiutaine 8 | it was reported that two cars wo | leave Cromwell during the week- _ carrying no fewer than 000 pegs 101 fj the Upper Molyncux district. | Two further large options'over ar | on Cromwell Flat are being arra _® a One syndicate representing f Island capital has practically co^ plt . tei [ arrangements to ta*e : ovtf m .irea of ->0 •it n price or about io0,0W» ; it is also stated that a second | on the flat will probably be secur for round about £40,000. | The total amount of gold won | tho Bell-Kilgour claim was disclose | the first time on Saturday, when a j | Percy Bell informed a r cP° rtcr ' . § from October until last Saturday

were won. i as) Telegraphing . from Cronm' night, a reporter said:—"l" * ■ ( ,f street to-night and at the o°° every hotel groups are gathered » r. ing over the events of the past _ Money is flowing freely and there ' - atmosphere of excitement an j 1 reckless confidence such as con found nowhere else -in the Domm^V