THE MOUNT MORGAN GOLD MINE
A. gentleman copying a perfectly dia* interested position, wno haß just Arrived lx\ Adelaide from Queensland, informer t ! >c Adelaide "Kt-gister" (hat ho recently visited the Mount Morgan gold mine, hunted Rbonr. 20 railos from Rookhtmp-to-.t He said th*t the whole mountain for upwircla of a mi!« i* composed of dark ironstone thickly Btudded with gold. The mount belongs to six persons, who have formed' themselves into ah incorporate company with a capital uf £1,000 000 *nd taken all the Bnares themaalv ia, ihe qmrrying 4taa been done sraight onward, and since the work wai began, about night months ago, although only four heads of stampers have been used, the profits have averaged £15,009 per month Judging from present proa* pacts, the value of the mountain la estl-' m»ted at £40,000,000. All the stone m tbe neighbourhood appears to be of the same character as that from which gold is now being extracted, .and there is a peonlisr kind of pitoh-like material cunning through it.
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Ashburton Guardian, Volume V, Issue 1451, 8 January 1887, Page 2
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170THE MOUNT MORGAN GOLD MINE Ashburton Guardian, Volume V, Issue 1451, 8 January 1887, Page 2
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