• Short Summary

    RICH SILVER, LEAD AND ZINC DEPOSITS - CLAIMED BY THEIR DISCOVERERS TO BE WORTH GBP100 MILLION - HAVE BEEN STRUCK BY A CANADIAN MINING COMPANY ON A SMALL, LONELY FARM IN COUNTY GALWAY, WESTERN EIRE.

  • Description

    RICH SILVER, LEAD AND ZINC DEPOSITS - CLAIMED BY THEIR DISCOVERERS TO BE WORTH GBP100 MILLION - HAVE BEEN STRUCK BY A CANADIAN MINING COMPANY ON A SMALL, LONELY FARM IN COUNTY GALWAY, WESTERN EIRE.

    THE STRIKE WAS MADE BY THE NORTHGATE EXPLORATION COMPANY OF CANADA LAST DECEMBER, AND ALREADY A COLLECTION OF SMALL DERRICKS AND TIN HUTS HAVE SPRUNG UP ON THE 200-ACRE PROPERTY OF FARMER EAMON O'REILLY.

    A COMPANY SPOKESMAN SAID THE DEPOSITS ARE BETWEEN SIX AND 20 FEET BELOW THE SURFACE AND NO SHAFTS OR BLASTING WILL BE NECESSARY WHEN MINING OPERATIONS BEGIN - PROBABLY AT THE START OF NEXT SUMMER.

    SCORES OF LOCAL PEOPLE HAVE BEEN TO WATCH THE PRELIMINARY BORING OPERATIONS WHICH COULD BRING UNTOLD WEALTH TO THE BARREN WEST OF IRELAND DISTRICTS.

    AMONG THE SHAREHOLDERS IS FARMER O'REILLY WHO, LIKE MOST OF HIS NEIGHBOURS, HAS EXTREME CONFIDENCE IN THE ACTIVITY WHICH IS SLOWLY CHANGING THE APPEARANCE OF HIS BLACK, FLINTY PROPERTY.

    THE LONDON STOCK EXCHANGE HAS SUSPENDED ALL DEALINGS IN SHARES OF NORTHGATE EXPLORATION UNTIL FURTHER DETAILS ARE KNOWN OF THE STRIKE. IT HAS SENT AN EXPERT TO THE AREA AND WILL WAIT ON HIS REPORT BEFORE DECIDING ON THE RESUMPTION OF DEALING.

  • Tags

  • Data

    Film ID:
    VLVAC0OT8S15OS2DS389Z6BEHX39O
    Media URN:
    VLVAC0OT8S15OS2DS389Z6BEHX39O
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    13/01/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:10:00
    Time in/Out:
    /
    Canister:
    N/A

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