A NEW MINING COMPANY.
(By Eelseraph.—Press 'Association.) HokltlUa, November 1. The Golden Flat Mining Company, Ltd., has been floated to work b-IGCU acre claim., situated on the Kaflierf Flat, about three miles from Hokitika, It is proposed to work tho area by means or the Kershaw pump, which hao proved so successful jh. mining deep ground in Australia, The power is to bo derived from a 900 h.p. high-speed steam engine. The claim has only been partially worked for tlie reason tjjaij tlte miners in the earlier days woio prevented from exploiting the . ( deep levels owing to tho lack of drainage facilities, and competent authorities regard the proposition ns being a particularly good one, the test, cording to Teliablo reports, being: lO.ittr. to the cubic yard. The camtal of the companv is £16,000, a goodly amount of which has been subscribed by local residents.
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Dominion, Volume 7, Issue 1895, 1 November 1913, Page 4
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144A NEW MINING COMPANY. Dominion, Volume 7, Issue 1895, 1 November 1913, Page 4
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