The Auckland Gold Boom.

Opunake Times, Volume II, Issue 70, 5 March 1895, Page 4

The Auckland Gold Boom.

We mentioned last week that during last year £20,000 worth of gold was obtained from 100 tons of stone taken from the old Union Beach mine at Coromandel. This handsome return was derived by the several tribute parties which happened to be working the ground. Most- of the tributes expired at the end of the present year, and since then the Hauraki Company, which owns the ground, has been obtaining equally splendid results from its operations. According to a telegram which the Hon Mr Cadman received on Saturday week from the mine manager (Captain Argall) a crushing of 40 sons of general stuff and 800! b of specimens has produced the magnificent yield of 1,6060 z 2dwts'of melted gold, valued at £4,800. Another ' crashing, just completed, has given 10360 z of retorted gold from 6401 b specimens. Nearly all this gold has bsen obtained from a level 40ft deeper than that at which the tributers made their lucky find. But Coromandel is not the only Auckland golifield that is making rich returns. It is outdone by Waihi. From one mine alone the Waihi Goldmining Company has paid £30,000 in dividend's during the past year. During this period 26,264 tons of ore have been treated for a return of 58,8760 z bullion, valued at £80,490. According to the opinion of experts, the ore in this Company's lease will furnish many years' crushing at the above rate. N.Z. Times