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Friday, 25th June 2004 (3992 views)

The New Zealand town of Coromandel is set for a new mining boom after over 100 years since the initial gold rush occurred there.<BR/><BR/>New plans for the area will see the harbour drained to ease flooding problems and it is believed millions of dollars worth of gold could be in the mudflats.<BR/><BR/>The precious metal could also be used to help fund the flooding preventions for the town.<BR/><BR/>Half of Coromandel's gold was reportedly tipped into the harbour due to old mining technology that used to be used in the town.<BR/><BR/>However it will be a long time before any significant gold findings can be made.<BR/><BR/>The gold would also help to pay for a 10 ha reclamation of the seafront and a new wharf.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2900736"/>

 

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