MINING

Hokitika Guardian, 7 January 1931, Page 6

MINING

REVIVAL IN QUEENSLAND

BRISBANE, December 24

It is understood thnt at least £500,000 will he made available to develop gold mining in Queensland as the result of a Bill passed last session ratifying the agreement between the Minister of Mines and the Commonwealth Mines Preliminary Syndicate Ltd., a company registered in England. According to advices from Britain the Bill is regarded as a gesture of, welcome to overseas capital to revive gold mining, ihe syndicate is confident apart from rich reefs which have been proved, there are some millions of tons oif low grade ores which will now he commercially payable through the gold bonus and the use of modern machinery for the more efficient treatment of or-

The syndicate has shipped four diamond drills for testing fields, and these should arrive by February, and will he used to obtain cores from 50 to 250 fecit. The syndicate believes thnt the assays of cores will indicate yields far in excess of’ those recorded by gold wardens.

WESTERN AUSTRALIAN RUSH

PERTH. December 23

Scenes reminiscent off the wild, headlong rushes in the palmy days of the Ivalgoorlie gold field were recalled when Warden Geary to-day declared the Larkinville gold field open lor pegging. Recent hauls of good sized nuggets attracted keen attention to the field, and when official notification was given that the field would he declared open for pegging at a specified time prospectors from all parts of the State gathered in full strength. Immediately the warden concluded the declaration there was a wild stampede', and a forest of pegs of every siiape and size and material immediateIv arose, being ffrenziedly driven in by miners who desired to get a claim on this latest rush. As usual there will be a large number of eases of dispute to come before the warden’s court.