WEST COAST GOLD.

Taranaki Daily News, Volume LV, Issue 57, 25 July 1912, Page 8

WEST COAST GOLD.

«a <—_ A RICH FIELD. By Telegraph—Press Association. Hokitika, Wednesday. Tile deep levels of the Kanieri goldfield, which have recently been prospected with the Government keystone borer, have been found to. contain very rich gold. The' prospects secured were as high as an ounce to the load, which is the richest ground yet prospected by Mr. Scarle, who has been in charge of the machine for the past four years. A company is in course of flotation, and Mr. A. A. Lee, engineer, who is negotiating for the required capital of £30,000, has already secured half the amount, although no prospect us has been issued. ( At a public meeting held on the West Coast last week in connection with another venture, Mr. Searle stated that if the prospects were half as good as those obtained by him in the Kanieri district, the results would bo very .-satisfactory.' Kxpert mine managers from other parts of the Dominion have just visited the Kanieri field, and expressed themselves confident of the success of the proposition. The anpiisitiou of thai Huinfreys Gully water-race, which originally cost £10;),000. besides other privileges, promises !-i make the venture one of the most valuable on the | West Coast.