MINING

Hokitika Guardian, 14 November 1933, Page 7

MINING

SLUICING AND PROSPECTING. Stafford Sluicing Ltd., wit-h ,a capital of 1)4000, went to -allotment last week. This is a concern where o n ]y , a small amount of capital -will be required to get going. The area is about 25 acres, although more i s available. The report of Mr W. T. Blackman says the fate is between 60 and 70 feet high, -and Sol'd is obtainable from top to bottom. This is a big order considering the number of companies floated which have made similar statements as to the contents of their ground -and have failed to ‘realise. However, the past history oi the district, and especially of that held and worked by the Mitchell family, have proved beyond any doubt the richness of the claim, and the reason gmen why operations were not carried dn ‘.s correct in every detail. Hence, taking a review of the position, there is nothing to prevent this undertaking from being one of the best and j safesi investments on a small capital. This alone is a very strong point in ! the -construction of the company. It , is now up to the management to crrry j out the power given them, and so satisfy those shareholders who have invested their money in the company. |

BOSS FI. AIT. Prospecting on Boss flat by the Auckland Syndicate is being pushed oil with all speed under the charge of Mr Armstead, manager for the syndicate. A shaft is being put down, work being continued night- and day (three shifts), while the pump is kept going to successfully derl with the water. At Jones -Creek also, a party of men °n behalf of the syndicate are driving a, tunnel; Jones Creek carries the .reputation of recording some good finds, so there is the probability.tof still more l yields. J

OKA'RITO DREDGE RETURNS

The Okarito dredge .for 106 hours working last week gave a return of 34 ozs. Idwt. ’