The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. FRIDAY, MAY 3, 1912. A GOLD-PRODUCING STATE.

Stratford Evening Post, Volume XXXIII, Issue 5, 3 May 1912, Page 4

The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. FRIDAY, MAY 3, 1912. A GOLD-PRODUCING STATE.

It is now thought that Bolivia will become one of the great gold-producing countries of the world. This is not surprising, as for ages gold has been known to exist in many parts of South America, and when the Spaniards first intruded on that continent they were astonished at the quantity of gold in use for various purposes. Major P. H. Fawcett, a recent traveller, has been paying particular attention to Bolivia and he reports that the Republic has very extensive deposits of gold in reefs and in river-gravels. Major Fawcett also states that the geologist finds gold everywhere in the Republic. "Immense, masses of auriferous quartz, running perhaps one-half to one and a half ounces to the ton," he says, "can he encountered throughout the Andes, while the gold-bearing slates found in the east, which at St. Domingo have reached eighty ounces to the ton, persist through southern Peru and Bolivia. These formations have been denuded for hundreds of thousands of years either into the old glacial moraines of the western" heights or into the old river-beds and existing torrents of the abrupt eastern slopes. None of these have been more than scratched. A great gold district extends over 400 square leagues in the neighbourhood of Santa Cruz, and pushes out like a wedge into youth-western Brazil. Remains of iriniitive washings and quartz workings of the Jesuits, abandoned on their expulsion, fairly litter the country." In addition there is also a marvellously it-Ii tin region in Southern Bolivia, Hid with the opening up of the Banana Canal this at present rather neglected country may become an attractive teld for mining ventures. At present ith its unsettled conditions and ra:hcr difficult climate the country is not nuoh. in request by the ordinary seekiv after fresh fields in which to labour.