MINING

Hokitika Guardian, 2 September 1931, Page 7

MINING

NEW PROJECTS. A number of new mining projects are now being investigated, and even in these hard times capital is being secured for the development of claims that promise a reasonable degree of success. Areas that have been taken up and which it is intended to prospect, are situated in Southland and Central Otago. Others in which investigational work has been proceeding for some time, are in the Marlborough and West Coast provinces. A good deal o. Christchurch capital is employed in various companies that have not yet reached the dividend ’paying point. Some "of them have been securing returns that should bring them near this stage. Others have just commenced operations, and others again are engaged in the constiuction of plant. The King Solomon (Southland), Mahikipawu (Marlborough), and Okarito (South Westland) concerns are in active operation, and returns have been secured in each case, which, if maintained should shortly majlte them dividendpaying. The Golden Point (Otago) has commenced crushing, and tile Golden Dawn (an Auckland project), and the Bell Hill (West Coast) are having their plants erected. Other projects have not reached such an advanced stage. The Stock Exchange activities indicate that there is a wide interest in mining stocks, and it only needs one or two of the first-mentioned concerns to get to the dividend stage to stimulate further interest in the industry.