Gold mining to resume at Orara
RESUMPTION of mining in the Orara gold fields is proceeding at a stately pace.
Last week John Slade, the principal of Sydney-based Geophysical Consulting Services, re-advertised his application for an exploration licence for a 250sq km area north west of Coffs Harbour, eight months after his firm first applied.
Mr Slade said the Department of Primary Industries had asked him to re-advertise. He said he did not know what had caused the delay in approval, but he expected the exploration licence to be granted soon.
The application covers much of the area of the old Orara gold fields, once home to legendary operations like the Beacon, Perseverance and Matilda gold mines, which yielded thousands of ounces of gold.
Mr Slade said a consortium of Sydney investors were funding the project, encouraged by the present 'pretty healthy' price of gold, which is hovering about $A1500 ($US900) an ounce, but they did not want to spend any money on the ground until they obtained the licence.