THE SEARCH FOR GOLD

Wanganui Chronicle, Volume 75, Issue 259, 2 November 1932, Page 8

THE SEARCH FOR GOLD

NORTH AMERICAN FIELDS • STRIKES” IN FAR. NORTH VANCOUVER, Sept. 14. Not since the days of the Klondyke rush had there been such intense goldseeking activity in the West. Every mountain stream in Colorada, Nevada, California and British Columbia has its banks dotted with gold-panners, prospectors and placer miners. They are meeting with more than average success, especially experienced men. Five seaplanes flew from Detroit, Michigan, to northern British Columbia, just- below the Yukon border, to test a report of good ’‘pay dirt” there. They were disappointed and came out. The majority of new “strikes” in the Far North are accessible only by air, and, after men and equipment are left on the claims, food is dropped regularly from, aeroplanes if near by landing is not practicable. Everyone is asking where will the nevt big “strike” come? The fact that more than half the gold in rhe past was produced from placer (alluvial) deposits impels many to continue the search, although competent authorities state that they arc beginning to believe that there will be no more a jor placer discoveries like California. Australia. Klondyke and the Cariboo (British Columbia). At present the larger portion of the world’s annual production comes from lode deposits, from large low-grade gold mines, and as a by-product from large low-grade base metal mines. The gobi standard was established by Britain in 1816, after Napoleon had been successfully dealt with, and Brit ain was on the threshold of one of the most progressive periods in world history. Silver was virtually standardised at .15 ounces to one of gold. In 1873 Germany and the United States went on the gold standard, and every important country followed sulf, until silver became more or less disturbed, and has since become subject, to II net ual ions price, which brought about awkward situations in the. countries using silver coinage, particularly China and Indi i. with their immense populations usually forced to live from hand to mouth.