GOLD WITHIN REACH.

Press, Volume LXII, Issue 18690, 13 May 1926, Page 10

GOLD WITHIN REACH.

WHAT ..MODERN DREDGES DO,

A CONTRAST TO EARLY DAYS,

Big deposits were the goal of the gold-seeker in the old days. Furthermore, even these deposits had to be comparatively close to the surface, as the Gold Dredges of that period were by no means the powerful ones they are to-day. It will thus be soen that the 1898 Dredge, like others of its day, was not nearly powerful enough to reach down sufficiently deep to touch the big deposits of gold at the tottom of tho Shotover River, nor was it sufficiently large to handle the volume of material to pay big dividends from the fine gold which is spread throughout the gravel wash, and banks of this river. It has taken the modern Dredge to show what can bo done by handling suitable "wash" in quantities. A good example of this is a weH-known Dredge, financed by overseas capital, which has opened our eyes to the profits obtainable from fine gold when a sufficiently large volume of material is treated. A Dredge of this type will be erected by the "Golden Terrace," though, by having much easier ground to work, it will not require the same amount of capital outlay."' From "fine" gold alone it is estimated that the "Golden Terrace" Dredge will annually earn at least £64,800, though expert authorities consider that this amount will be easily doubled. Just what phenomenal dividends will be paid in addition when the Dredge gets down to the rich deposits, are.hard to estimate. We have the wonderful records of past years of gold from comparatively high levels —who can say just how great the records will be when the very bottom of the river is worked? The Golden Terrace Extended Gold Dredging Company, Ltd., has already gone to allotment, and it will be appreciated that once dredging .begins, and the gold starts to come in, Bhares that are sold at par to-day will double and treble in value. Further particulars, prospectuses and share application forms are obtainable by calling on.the.local brokers, J. S. Day and Co., National Chambers, 161. Hereford street (opposite the Union Steamship Offices), Christchurch If you live out of town, write m to-day.' . ' . 14