WAIPAPA DREDGING COMPANY.

Star (Christchurch), Issue 6654, 20 September 1889, Page 4

WAIPAPA DREDGING COMPANY.

The Manager reports to the Directors the result of the extensive prospecting operations carried out by him over a part of the Company's claim of sixty acres. A strip of ground sufficient to keep the dredge at work for at least the next two years has been thoroughly prospected, twenty-eight holes having been sunk all over it at regular intervals. A full and detailed record of the depth and prospects obtained from each hole has been forwarded, and can be seen by anyone interested at the Company's office, Manse street. The ground prospected is divided into first, second, and third class, and a$ yet the dredge hasonly beonon the secondclass ground. No. 1 gives' from ten to eighty specks of gold to each tyro handfuls of sand all the way from top to bottom reached — a depth, of 14ft. No. 2 gives from six to forty specks from top to bottom reached, 14ft. No. 3 shows from three to thirty specks from top to bottom reached, from 16ft to 20ft deep. On this division there is a stripping of six feet of blown eand which does not apparently yield a payable prospect when tested in small quantities. The actual wash, a few feet thick, cannot with the appliances available for prospecting be penetrated to any depth. This wash contains the richest deposit of gold, and rests on a day bottom which slopes seaward. JTee Pbess Association.] AUCKLAND, Sep*. 19. As there is now a large body of men working at the Mercnry Bay goldfielde, a Company is being formed for fitting, up a quartz-crushing apparatus on the ground.