GRANITES GOLDFIELD

Evening Post, Volume CXIV, Issue 90, 13 October 1932, Page 14

GRANITES GOLDFIELD

A FAVOURABLE REPORT

/ • ■ _/ . Having inspected The Granites goldfield,. 360 miles north-west of Alice Springs, Mr. R. Powell, mining engineer, of Adelaide, has submitted a report to the,directors o£ The Granites Gold Ni. The options secured by the company, he states, are valuable, and, as far as position goes, could not be better. The line of lode, with its large cappings of haematite quartz and formation extending for five and a half to six miles, practically in. half a circle, had wonderful possibilities. ■It merely been scratched, and had all the indications of opening up a large payable field. The shortage of water presented a problem of some gravity, but he believed it 'may be overcome even more readily than at Broken Hill, Coolgardie, Kalgoorlie, and many other places; It was his opinion that adequate supplies of water would be procured by boring on the field. Judging by the size of the lode it was quite possible, if values were proved over a great width, that it would lend itself to open-cut work, thus saving the cost of mining .timber, which was scarce and costly. Mr. Powell confidently recommended the field as one -which ■warranted large developmental expenditure. The report dealt with the various leases and the. large outcrops up •to 100 feet wide. Mr. Powell stated that at yarious points along this huge lode alluvial gold has been and is still being won. From the main workings over 400oz of gold had been won to date.