He then pegged out claims and went into partnership with Carl Hanau. Farrar earned the nickname "Foxy Farrar" by reputedly going out on Boksburg Lake in the middle of the night in a rowing boat with long wooden poles, and using the poles to peg claims under the Lake! When the gold reefs to the north of Boksburg Lake near Comet were found to continue southwards under Boksburg Lake, towards the areas now known as Parkdene, Freeway Park and Sunward Park, Farrar became very wealthy in 1893 by selling 1,300 claims to ERPM. Farrar received ERPM shares to the value of £705,000 for his claims in the south of Boksburg, excluding Boksburg Lake. Farrar later received more ERPM shares for his claims over Boksburg Lake, and became effectively the controlling shareholder in ERPM.