Timi negotiated with the Romanian state and, in 1996, they signed a contract with state-owned Regia Autonom a Cuprului Deva for the creation of a joint venture ( Eurogold Resources ) for the exploitation of auriferous residues from previous exploitations.
32.
He discovered an auriferous deposit in the gully of the Buninyong ranges now bearing his name, on 8 August 1851, and he communicated the fact, with its precise locality, to the editor of the Geelong Advertiser on the 10th of that month.
33.
In 1895 the following description of Tia appeared in the Uralla and Walcha Times : " Tia is situated about 25 miles from Port Macquarie road, and may aptly be called a thorough poor man's fossicking ground, first on account of its accessibility and known auriferous character, and secondly on account of the low cost at which the necessities of life can be obtained ."
34.
Granites, slates, lavas, limestone, iron ores, quartz veins, auriferous gravels, remnants of dead fire-rivers and dead water-rivers are developed here side by side within a radius of a few miles, and placed invitingly open before the student like a book, while the people and the region beyond the camp furnish mines of study of never-failing interest and variety ."
35.
The town's location allowed it to become an important commercial route between the Viceroyalty of New Granada and the Captaincy of Venezuela, with territories of great fertility and auriferous deposits in the mountains, it became one of the richest territories of the colony, only competed by the province of Socorro, which contributed to that outside considered a political and administrative axis of the Spanish crown from the time of the conquest.
