THE AUCKLAND GOLD BOOM.

New Zealand Mail, Issue 1200, 1 March 1895, Page 10

THE AUCKLAND GOLD BOOM.

We mentioned last week that during last year .£20,000 worth of gold was obtained from 100 tons of stone taken from the old Union Beach, mine at Coromandel. This handsome return was derived by the several tribute parties which happened to be working the ground. Most of the tributes expired at the beginning of the present year, and since then the Hauraki Company, which owns the ground, has been obtaining equally splendid results from its operations. According to a gram which the Hon Mr Cadman received on Saturday last from the mine manager (Captain Argall) a crushing of 40 tons of. general stuff and 8001 b of specimens has produced the magnificent yield of 16060 z 2dwts Of melted gold, valued at .£4BOO. Another crushing, just completed, has given 10360 z of retorted gold from 6401 b of specimens. Nearly all this gold has been obtained from a level 40ft deeper than that at which the tributers made their lucky find. But Coromandel is not the only Auckland goldfield that is making rich returns. It is outdone by Waihi. From one mine alone, the Waihi Goldmining Company has paid £30,000 in dividends during the past year. During this period 26,264 tons of ore have been treated for a return of 58,87602 bullion, valued at £80,490. According to the opinion* of experts, the ore in this Company's lease will furnish many years' crushing at the above rate.