MINING AT NELSON.
PURCHASE OF PROPERTIES.
(Per Press Association.) Nelson, last night. A strong company, composed chiefly of Christchurch business men, has been formed with a capital of £20,000, to purchase the Champion, United, Monster, Mount Claude and other properties on the mineral belt, Aniseed Valley, Nelson, for the purpose of developing tho copper lodes. They also acquire the plant and machinery, the property of the old Champion Copper Mining Company. Mr Turnbull, who has had considerable experience in Australia with gold and copper mining, has been engaged as manager, and will arrive this week to inspect the properties, and advise as to the best step to bo taken in their development. Some five months ago six tons of low grade ore were taken by one of the provisional directors to Mount Lyell, Tasmania, and tested for practicability for tho pyritie smolting process, reports that the amount of sulphur contained beiDg sufficient with a strong blast to Binelt the oro without aid. Full ore contained from one to eight pennyweights of gold, as well as copper. The pyritie process i- a very choap one, two per cent, of copper paying.
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Bibliographic details
Gisborne Times, Volume X, Issue 1049, 17 November 1903, Page 2
Word Count
190MINING AT NELSON. PURCHASE OF PROPERTIES. Gisborne Times, Volume X, Issue 1049, 17 November 1903, Page 2
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