BOOM IN GOLD MINE SHARES
SPECTACULAR MELBOURNE RISE.
OPTIONS ON LEASES REPORTED.
BV Telegraph—Press Assn.—Copyright.
Melbourne, Sept. 16.
The shares of The Granite Gold Company, paid to £l, rose to £42 on the Stock Exchange to-day. This spectacular jump followed reports that options had been secured over 14 leases by a gold prospecting party. These shares were £lB at the close of business on Wednesday and £lO on Tuesday.
An earlier cable stated that Laesetter’s ’tragic expedition to Central Australia was recalled by the news of a rich gold discovery at The Granite, 400 miles north-west of Alice Springs. This was believed to be the field sought by the ill-fated prospector. Prospectors now in possession of the field claim that the lode is six miles long. They have already won 300. ounces of gold.
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Taranaki Daily News, 17 September 1932, Page 9
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134BOOM IN GOLD MINE SHARES Taranaki Daily News, 17 September 1932, Page 9
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