Gold Mining News.
(Per Press Association.) ' Auckland, May 4. Cable messages from London notify the successful flotation of the Waite-kauri-King and the Waitekauri No 4. Companies' properties. As the result of the floating of the Albursia Company in London, an extraordinary meeting of shareholders to wind up the local Company is to be called without delay. After this has taken place a distribution of cash of the purchase money will take place. The directors of the Waibi Consolidated Company (Favona and Brilliant) have received .£IOOO as a second instalment of the working capital. Pekth, May 4. At Coolgardie an important discovery of golden stone has been made under I circumstances savouring of romance. Blasting operations in connection with the railway were proceeding, when a piece of rock weighing 151 b was driven through the roof of the Athletic Hall, Bayley street. The stone assayed 6dwt 14gr to the ton. Leases were pegged and the cutting has already disclosed 1000 tons of gold-bearing cement, of which the whole hill to the north of the town appears to consist. The last fortnight's crushing of the Great Boulder mine produced 31650z gold from 932 tons of stone.
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Bibliographic details
Feilding Star, Volume XVII, Issue 258, 6 May 1896, Page 2
Word Count
194Gold Mining News. Feilding Star, Volume XVII, Issue 258, 6 May 1896, Page 2
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