PROSPECTING FOR TIN.

Taranaki Daily News, 6 May 1926, Page 10

PROSPECTING FOR TIN.

STEWART ISLAND VENTURE. LICENSE TO BE GRANTED. A FISHERMAN'S CLAIM, I. With the current price of tin standing at about £270 a ton, more than usual interest attaches to a fresh attempt that is to be made to search for this expensive metal in an area of Crown Land on Stewart Island. Those qualified to express an opinion believe that if the prospecting reveals a payable lode containing tin of reasonable dimensions the results will be very far-reaching and may prove of great benefit to the Dominion.

The seeker of the metal is a fisherman who has lodged an application with the warden of the Otago mining -district for a license to prospect for tin over 1000 acres of Crown Land on Stewart Island in the vicinity of Port Pegasus. The application, it is officially announced, will be approved. Tin, in the experience of the Mines Department, has been found in several widely-separated localities in the South Island. At all these points, hpwever, there were only a few grains of stream tin in auriferous gravels. Stream tin, it has been found, is decidedly more abundant in gravels of the streams entering Port Pegasus, which is located at the south end of Stewart Island. These gravels, which are shallow and inextensive, were originally worked for gold with which stream tin was found to be associated in considerable amount.