REPORTED GOLD FIND.

Dominion, Volume 2, Issue 564, 20 July 1909, Page 4

REPORTED GOLD FIND.

■PROSPECTING AT'HAPPY- VALLEY!:, 7 ' Further' details of .the report published last: week touching iin alleged) gold find in the vicinity of the''city are- to hand, and we-'-are now in.a position to announce that the ■ reported find is, on the property of Mr. Win;; , Molhuish, sheepfarmer. of Happy-Valley. It' ■ appears that vprospectors, have been'at work >. wr sonio time past, and sufficiently good prospects have been obtained' to induce a syndicate, to probo the matter further. An agreement is being entered into ;. betwpen ■Mr. Melhuish and the isyndicafe, giv.ing the latter the option oror'32o acres of land, and.,' binding; them to peg out the land within< ■•; eight weeks.'.-.'. It is;, understood that , the->,'. country, is .reefing country, anfl -that the prospectors, who ars still , engaged ■on the' ground, are camped in one of the rabbitor'e : nuts owned by Mr. Melhuish in..tho vicinity;: of the Karon stream.- It. is reported to b« , the intention, of the pioneering .-, syndicate : to float a company in the event of gold being found in payable quantities. After.the syndicate has chosen its 320 acres,' Mr. Melhuish ; " intends letting' the balance out on ordinary v ■ mining leases if is a demand for it. ' The syndicate has obtained a-right to select ; : a battery site, and a site for workers' homes,' also water and tramway rights, but the , latter two are hot to ; interfere, with the- ■ working of the balance of the ground which ~ may bo taken up by others; . ■ ' An expert who has-been over the country pronounces it ; to -. be promising ground,; so Further developments should be interesting. ;