HOPEFUL PROSPECTORS
WORK AT KARANGAHAKE (From Our Own Correspondent) P AERO A, To-day. The hunt for payable reefs at Karangahake is still going or, and several small parties have strong hopes that sooner or later they will unearth something worth while. Most of the men forming the parties should be fair judges of the mining resources of this once-famous mining area. Quite recently quarts obtained from the reefs being worked was shewn in Paeroa, and one-time miners describe it as most promising-looking stone. It is highly mineralised, and carries gold, but so far the assays made have not reached a payable standard The men seem confident that they will eventually meet with payable stone. The great trouble seems to be the lack of working capital, and the want of a battery, so tbot they could treat their quartz on the spot. At one time it was not* difficult to get English capital into country like Karangahake, but now the capitalist and the speculator say: ‘Show up your money, and we will show you ours.” But the silent toilers are pegging away with great hopes of the future. It is rumoured that fresh ground is about to be taken up by outsiders, with means to develop likely ore country.
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Bibliographic details
Sun (Auckland), Volume I, Issue 287, 24 February 1928, Page 16
Word Count
208HOPEFUL PROSPECTORS Sun (Auckland), Volume I, Issue 287, 24 February 1928, Page 16
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