TE PUKE MINE.

Wairarapa Age, Volume XXX, Issue 8473, 28 June 1907, Page 5

TE PUKE MINE.

NECESSARY DEPOSIT PAID. The Bay of Plenty Times, in its issue of the 17th inst., has the following:—"Last week MrT. E. Price, who has taken an active part in con T nection with the Te Puke Gold Reefs property for some time past, received a wire from Mr John Hessey (the representative of the Southern syndicate which holds an option over the Te Puke Gold Reefs property) to the effect that a very substantial deposit had been forwarded to the Auckland vendors. This is no doubt the direct result of the assays of .samples of stone taken from the mine at the end of April by Mr Hessey, who, in company with Messrs R. Worth, of Waihi, and T. E. Price, of this town, visited the property, and secured the samples. The payment of the deposit means that development work will be commenced immediately. Mr Hessey, who has had considerable experience in mining matters, is due to return to Tauranga early in July, and will then proceed to Te Puke to superintend operations. If the work warrants it a battery will be erected and extensive development pushed on. The Southern syndicate, as we have stated in a previous issue, is a very powerful financial one, and the operations will not be delayed on the present occasion for want of money. At present, prospects are of the brightest and everyone in the Tauranga and Te Puke districts can rest assured that the mine has at la3t fallen into most capable hands." The same paper remarks in a leading article: —"We believe we are safe in saying that the present syndicate is the strongest financially which has yet been connected with the mine, and there is now every indication that the prop:rty will he early developed. A number of Tauranga and Te Puke residents are interested in land situated within the Te Puke mining area, some of whom possess the freehold of their properties. These people have pluckily held on under many vicissitudes, and at present their chances of 'making a rise' look near realisation Now that Mr Hessey's syndicate has paid the required deposit, the pegging of claims will no doubt again commence. Although not wishing to see a 'wild cat boom' set in, we think it would be wise for local syndicates to take the matter up, so that if the field turns out a valuable one a fair number of residents will participate to the fullest in the benefits accruing."

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