GOLD DREDGING.
The Moonlight Gold Dredging Company have called up 15s per share and yet little work appears to have been done in the way o£ getting the dredge constructed.
The shaft recently sunk on the TV a> mangaroa River Gold Dredging Company’s claim has been bottomed at a depth of 23ft Gin, showing payable gold. The prospecting shaft now being sunk on Lock’s Freehold is down about 35 feet with splendid prospects right from the surface. A false bottom was struck at 27 feet, which gave 2grs to the dish. So far little difficulty has been met, but water is expected to be troublesome at a lower depth. The Keystone borer is now prospecting the Woodstock Company’s claim. The dredging industry is not advancing as well as it might in this locality, the mishaps that have occurred to the Mokoia dredge lately being the means of retarding progress. Ft is much to be regretted that this dredge should bo so unfortunate.
Mr. Freeman, wbo is building the Premier and Welcome dredges about three-quarters of a mile below the Inangahua Junction, is making very good progress with the work, and the pontoons of the Premier should, be ready for launching in about a month’s time.
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https://paperspast.natlib.govt.nz/newspapers/GEST19010316.2.21
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Greymouth Evening Star, Volume XXXI, 16 March 1901, Page 4
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205GOLD DREDGING. Greymouth Evening Star, Volume XXXI, 16 March 1901, Page 4
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