The Archive · 1939

Hunt for Placer Gold

Under Sea Big Deposits Revealed Off Coast of Korea

Tokyo, July 16.

A hunt for placer gold believed to be buried under the sea off Moppo at the south-western edge of Korea has been started by an expedition sponsored by the Chosen Physico-Chemical Mining Company, it was learned here yesterday.

Work has been started to drain away sea water off Moppo. This region is dotted with numerous small islands, including the island of Chin, and is known as the "Aegean Sea" of Chosen. Tradition says that a large quantity of placer gold is buried at the bottom of the sea. Its value has been estimated at Y.1,500,- 000,000.

The Chosen Physico-Chemical Mining Company, capitalized at Y.3,000,- 000, was established on April 20 with Viscount Masatoshi Okochi, president of the Physico-Chemical Research Institute, as its head.

'A group of investigators of the institute succeeded in obtaining some grains of gold from the "Aegean Sea" in preparatory operations last February.—Domei.

GERMAN, trained-nurse willing to accompany patient to America or England, any time during July or August in return for free passage. Reply to Box 489, NCDN. 708

(CHEMIST seeks position, aged 25, thorough knowledge of analytical and all-chemistry. H. G. Treibl, Post Office Box 1131. 008

YOUNG foreign girl, stenographer-beginner, with perfect knowledge of English, seeks position. Salary no object. Box 494, NCDN.

Text read from the printed page and cleaned; old type leaves the occasional error.

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