Te Aroha Gold.

Thames Star, Volume LXIV, Issue 18732, 16 February 1933, Page 2

Te Aroha Gold.

NEW COMPANY’S PROSPECT. VALUABLE WAIHI EXPERIENCE. VIEWS OF AN EXPERT. Commenting on the new Te ArohaKarangahake Gold Mine, Ltd., “John Citizen,’’ in the “New Zealand Financial Times,” quotes the following extract from the report of Mr A. W. Burd, battery superintendent of t'ho Waihi G|rand Junction:— “During my visit to the property I examined a number of samples of ore from the mine, and was very

much impressed with the fine dish prospects of gold obtained from any of the stone I chose. There are large quantities of refractory as

well as free-milling ore, and this

must be given consideration when installing your plant. I Avould liko to do some careful testing of tin various deposits before you finally decide on the system to be adopted. Even with the comparatively sin. amount of prospecting and development that has been carried out on the properties, tfier e is all the evidence of enormous quantities of free milling ore ready to be mined, and from what I saw and the information I have received from mining men of repute, I consider the min e warrants the immediate erection of a reasonably large and up-to-date plant.”

Should Approach Waihi.

“Obviously,” says the writer, “if Mr W. J. Gibbs has found a quartz ■proposition in the mountainous country back of Te Aroha, it would take tim e and trouble to get a syndicate to back him. There are limits to what a syndicate can do in proving a quartz claim. Big money is needed and so much money will be required if it turns out trumps that overseas capital will be required. The proposition certainly looks as though it has great possibilities. The obvious and logical thing to do is for th e company to approach Waihi. It is Avell known that this great company is looking for fresh fields and has all the money it wants. The Waihi directors Avould be Avilling to co-operate in a thorough .testing, and are in a unique position to handle operations. “The Te Aroha-Karangahake Gold Mine, Ltd., could afford to let Waihi

Avork the mine on a fifty-fifty basis of profits after costs. Waihi could also have an option to take up a block of the shares in the company. If the field is a ‘dud,’ Waihi mine is most likely to know most about it and investors should find ways and means of getting the opinions of responsible people in the Waihi Company, which has extracted £17,000,000 from similar country within long range cannon fire of the territory.”