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Description

Selling half share in a valuable mining licence with its own hut and more than 5km of river, most of which hasn't been worked since the C19th. It's being partly sold because both claim partners are now in their 60s. One has had a share in it since 1989. Am happy to discuss partnership arrangement.

The Wakamarina was once referred to as the 4th richest river for gold in the world based on size. It is now patchy because of the gold rushes of 155 years ago, however rich crevices are still being discovered (we have found a few) and it contains heavy nuggets. The nugget depicted was found in a crevice containing several ounces by us just downstream of the claim boundary - ie on another claim we have and which is also for sale. The top claim in this listing we have hardly worked.

Permit number is 41317 and it expires on 29/1/2026 with right of renewal. Prepared to go 50/50 on $2530 incl. GST transfer fee.

Shipping & pick-up options

Destination & description Price
To be arranged N/A
Pick-up available from Wellington City, Wellington Free

This seller is located in Wellington City, Wellington

Payment Options

Seller accepts Cash, NZ Bank Deposit

Questions & Answers (30)

  • L
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    Hello - would you do a deal for both claims? Thank you Joe Lupi - lupi10(0)03:10 pm, Tue, 8 Jan
    C
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    Possibly. Thanks for the question. Paul cordt(197) • Tuesday, 8 January 2019
  • B
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    Hi Paul, I'm a reporter at the Daily Mail. I was hoping to speak to you about this interesting listing if possible, let me know if you'd be keen for a chat and I'll get in touch. Cheers, Ben Hill benhill92(6)09:26 am, Wed, 9 Jan
  • B
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    Flick me an email if you'd like at ben.hill at mailonline dot com benhill92(6)09:27 am, Wed, 9 Jan
  • L
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    Is it mainly a summer proposition? How long to walk in? lstr_ford(18)03:45 pm, Thu, 10 Jan
    C
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    We have done lots of fossicking in winter but much more pleasant I summer so you might be right. About three quarters of an hour walking or kayaking up. cordt(197) • Thursday, 10 January 2019
  • R
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    Is this the 50/50 price ? Or is that a lower amount. richos(27)04:19 pm, Thu, 10 Jan
    C
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    50-50 price but we will see how auction goes cordt(197) • Thursday, 10 January 2019
  • markhoyle profile image
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    Hi, What size dredge does the Resource consent allow you to use on both of the claims please? Thanks Mark markhoyle(469)04:36 pm, Thu, 10 Jan
    C
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    These are "existing use" claims going back to the early 1980s before the Resource Management Act and dredges from 2" to 8" have been used on it. However, my claim partner and I have not dredged in the last few years due to other commitments and age. cordt(197) • Thursday, 10 January 2019
  • G
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    Any contact number? gooood-trade(63)11:49 am, Fri, 11 Jan
    C
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    I put my phone number and email on the listing but Trade Me have taken them off and I will get into trouble if I try to list again. My name is Paul Bensemann if you wish to search for info about me. cordt(197) • Friday, 11 January 2019
  • M
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    How are you working this river,panning,dredging,sluice etc,is a dredge permitted and is there sufficient acces for one,cheers mayfly(229)02:55 pm, Fri, 11 Jan
    C
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    See previous answers but we have employed all such methods. Re access yet there is quad bike track almost to the river at the Doom tributary. We have dragged and floated dredges up. Dredges have also been carried in in pieces and I had one helicoptered into the upper reaches to work a single deep pool in the 1990s. cordt(197) • Friday, 11 January 2019
  • U
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    can i pay wen i find my first lot of gold? unoit333(75)06:54 pm, Fri, 11 Jan
    C
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    No. cordt(197) • Friday, 11 January 2019
  • J
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    Can send me more information ? 021999951 jiaweichen1987(17)07:24 am, Sat, 12 Jan
    C
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    I've texted you. Not sure what you are after. cordt(197) • Saturday, 12 January 2019
  • P
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    How much for that lump of gold as per pic please? preistman(179)11:52 am, Sat, 12 Jan
    C
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    It's not for sale. cordt(197) • Saturday, 12 January 2019
  • prodemolition profile image
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    Im assuming your not allowed to machine mine, only manual load a small sluice, or pan? prodemolition(9)09:49 am, Sun, 13 Jan
    C
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    If you mean diggers, bulldozers etc, definitely not. This is on DOC land so suction dredges, sluice boxes, pans etc. We do a lot of "sniping" ie drifting down the river with screwdrivers, suck guns and other fossicking gear in wetsuits with goggles and snorkels. It is my favourite mining technique and there is always the chance of a little nugget. cordt(197) • Sunday, 13 January 2019
  • R
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    How much $ worth of gold have you recovered? rob__(132)03:51 pm, Sun, 13 Jan
    C
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    Since 1989 when I first became a partner in the claim, I am not sure. Certainly enough to cover the fees but not enough to retire on! This is a patchy claim like I say in the listing and best worked as a hobby or part-time eg I've found thousands of dollars worth of nuggets within half an hour's work on one trip but in another summer worked for several weeks and got only $200 worth - that happened in a deep hole that I finally discovered had already been worked. That's gold mining! cordt(197) • Sunday, 13 January 2019
  • W
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    Can you redirect the river to dig up the river bed with machinery? wesley.g(50)05:16 am, Mon, 14 Jan
    C
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    Definitely not. This is Conservation Dept land. It would never be allowed and as a conservationist myself I would be strongly against it. This river is truly beautiful and with the small scale methods allowed under the claim criteria it will stay that way. cordt(197) • Monday, 14 January 2019
  • C
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    I apologise for the delay in answering some of these questions. I have been in the bush with little or no cellphone reception and no internet. Seller comment Monday, 14 January 2019
  • C
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    There are two unanswered questions at this time also asking for contact details, which I am not allowed to list. Paul Bensemann Seller comment Monday, 14 January 2019
  • W
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    Can you use a waterbound dredging machine in the river? wesley.g(50)09:18 am, Mon, 14 Jan
  • kahez55 profile image
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    Wow what a beautiful spot!! Wish I had the money just to camp out and enjoy it with the Family!!...good luck for the auction?? kahez55(255)05:32 pm, Mon, 14 Jan
    C
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    Thanks yes my kids and grandkids love it up there and so do I. Fossicking trips are absolute magic. cordt(197) • Monday, 14 January 2019
  • C
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    Interesting. Where is the 75k valuation from? Usually based on revenue. countryliving4(11)07:47 am, Tue, 15 Jan
    C
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    Really? Is this the case too with Auckland houses? Where else could you buy a perpetual 50 percent interest in a bush hut and five km plus of river? And the chance to pay off some or all of the costs if you are lucky? cordt(197) • Tuesday, 15 January 2019
  • C
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    My late Grandfather - Bill Delany had a claim on the river many years ago. There's still a hut there near Pear Tree flats. Good luck with the auction - It's a great place craigdel(86)10:26 am, Tue, 15 Jan
    C
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    Bill Delany was a real gentleman who I understand once mined in the Depression full-time. I sometimes visited him and on one occasion helped him on a suction dredge mission on his claim at Pear Tree Flat, mostly helping him carry and set up his gear and cart it back to his hut later. He had some beautifully maintained equipment and showed me some lovely nuggets that he had found. You should be proud to have such a grandfather. cordt(197) • Tuesday, 15 January 2019
  • Y
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    hello do you have document of this property please? yvonnemao(5)01:07 pm, Tue, 15 Jan
    C
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    This is not a property that has a Land Information NZ title but rather a Mining Licence with NZ Petroleum and Minerals official documentation. Go to this link and search 41317 and you will find it. http://data.nzpam.govt.nz/permitwebmaps?commodity=minerals cordt(197) • Tuesday, 15 January 2019
  • Y
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    you can email me evonmao(at)Outlook.com yvonnemao(5)01:08 pm, Tue, 15 Jan
  • Y
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    or you can contact me on 0 two one 0 eight three 0 nine seven one nine yvonnemao(5)03:48 pm, Tue, 15 Jan
  • T
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    Can you live in the hut full time? Can you place another hut somewhere in the area? taiwanrox(43)04:13 pm, Tue, 15 Jan
    C
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    To be frank you wouldn't want to. It is a basic hut with part of the floor concreted and a few bunks containing gear and one with a foam rubber mattress which I sometimes sleep on. Like the most basic of bush huts it has no shower, toilet, or other facilities. I have stayed in it for a week or two at a time but that's enough. When this hut was built there was official permission for one hut on the claim so if you built another you would probably need to demolish this one. cordt(197) • Tuesday, 15 January 2019
  • Y
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    could you contact me through my number ? 0 two one 0 eight three o nine seven one nine I know it is a gold mine. And I would like to require some number from you. And it is easier through phone. Thanks yvonnemao(5)06:34 pm, Tue, 15 Jan
  • G
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    Hi Paul, Given the contract expires on 29/1/2026. How much would it cost for whoever becomes a partner to renew it? Thanks. georgevarghese(211)07:22 pm, Tue, 15 Jan
    C
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    The total for renewal is $3478.75, so about $1740 each partner. cordt(197) • Tuesday, 15 January 2019
  • C
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    Yup so it's just a licence share mine gold, not any land or property. So I only asked where the valuation or 75k came from. i.e. Based on a revenue return? countryliving4(11)09:08 pm, Tue, 15 Jan
  • N
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    Interesting just reading the Q & A’s You too Sir sound like a real gentleman also. I hope you find your last big nugget before it sells. nato74(21)05:49 am, Wed, 16 Jan
    C
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    Thanks! It's always possible. cordt(197) • Wednesday, 16 January 2019
  • C
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    There are quite a few questions asking for my contact details, also a couple asking questions I've already answered. It's against Trade Me conditions to list contact details here. Sorry, Paul Bensemann. Seller comment Wednesday, 16 January 2019
  • I
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    So what is the $75,000 for? Is that to buy out Murray's share for the next 7 years? And how much is it to renew after 2026 and for another 30 years? Plus are there any other incurred costs during ownership of this claim? indigostorm(14)09:33 am, Wed, 16 Jan

Gold claim

Starting price

$75,000

No reserve • No bids

Closed: Wed 16th Jan, 10:00pm
Seller located in Wellington City, Wellington
636 people added this to their Watchlist
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About the seller

C
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cordt

100% positive feedback
Location
Wellington City
Member since
Tuesday, 22 March 2005
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