DREDGING FOR GOLD

Taranaki Central Press, Volume IV, Issue 433, 14 May 1937, Page 6

DREDGING FOR GOLD

Expansion In New Zealand Press Association—CopyrightAuckland, May 13. Within two years over 20 gold dredges would be in operation throughout New Zealand, statedi Hon. P. C. Webb, Minister of Mines, in an interview to-night. Most of them would be larger than the Rimu dredge at Hokitika, which was the largest south of Ihe line. It was gratifying to know that modern dredging companies thoroughly prospected the country before they issued prospectus. In this way ‘‘wildcat” schemes would be Mr Webb said that it was hi s belief that to_day in New Zealand mining could be regarded as an investment rather than a gamble. Large areas of quartz-bearing country in the 'Reefton district had under gone thorough geological and geo. Physiaal tests, aridi upon expert advice the Government had granted a £1 for £1 subsidy of £5OO to the West Coast Goldmining Company, which thus was able to import one of the most modern boring machines in 'the world, along with an expert to mani. pulate the drill.