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The Otago gold rush (often called the Central Otago gold rush) was a gold rush that occurred during the 1860s in Central Otago, New Zealand.This was the country's biggest gold strike, and led to a rapid influx of foreign miners to the area – many of them veterans of other hunts for the precious metal in California and Victoria, Australia.
It was the site of New Zealand's first major gold rush. The discovery of gold at Gabriel's Gully by Gabriel Read on 25 May 1861 [ 1 ] [ 2 ] led to the Otago gold rush . [ 2 ] While gold had been found in Otago before, this rush was beyond expectation, with the population of the gold field rising from almost nothing to around 11,500 within a ...
From the 1890s Otago rivers were dredged for gold, using New Zealand-developed floating dredges. [17] Mining for gold has a long history in areas like the Coromandel Peninsula. Up to 2003 an estimated 998.71 tonnes of gold had been mined in New Zealand, a little under one percent all the gold mined worldwide.
A group of Auckland businessmen offered a reward of £100, increased to £500 for the finding of gold in the Auckland region. The Auckland Provincial Council then offered £2000 for the finding of a goldfield in the Hauraki region south of Auckland, though southerners like the Otago Daily Times regarded the potential Coromandel goldfields as a "Complete Hoax".
This setting was partly inspired by Elsie Locke's classic New Zealand children's novel The Runaway Settlers, which also features the gold rush. [5] [6] In Rose Tremains's 2003 novel The Colour a British couple emigrate to New Zealand and the husband gets swept up in the gold rush. The title refers to the gold prospectors' term for very fine ...
Spot gold also rose to a new high north of $2,690 per ounce. Year to date, gold is up more than 30%, beating out the S&P 500’s gain of 22% and making it one of the best-performing commodities of ...
Charles Ring (1832–1906) was a colonial settler who, despite claims that others had been successful before him, is credited with being the first European to discover significant sources of payable gold in New Zealand in 1852. From a young age Ring worked in business and as a farmer both in Australia and New Zealand.
William Fox (c. 1827–9 April 1890) was a New Zealand gold prospector and goldminer. He was born in Ireland on c. 1827. [1] After his discovery of gold in the Arrow River in Otago in 1862 the mining township that sprang up was briefly known as Fox's, before becoming Arrowtown.