MOUNT MORGAN GOLDFIELD
Mr Macdonald Cameron, the member of the House of ' Commons who has just received the handsome fee of £500 for reporting on Mount Morgan aa an expert, expresses a very-high opinion of tho mine, which must not- bo confour ded with the Mount Morgan West Company, which has been received so 1 badly m London. The " Australasian" "pays ho does not agree with Mr Jack, the Queensland geologist, or with local practical miners, that Mount Morgan ia the .solidified residue of an txtlnct thermal spring, but the theories whioh have been formed respecting the origin pf tho lode do not nffoot the credit of the mine aa a gojpg concern. Mr Cameron estimates Mount Morgan as capable of yielding 234.0000z of gold per annum, worth, Bay, £982,000, or, after paying working expenses, a net profit of of £795,000. Tha profits at present appear to average £200,000 per annum ; the yield daring the half-year ending 31st May having been a little under 40,000 jz. Mount Morgan is beyond doubt the richest gold mine m the qrorld, aud they aro lucky men who hold original shares.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AG18870726.2.22
Bibliographic details
Ngā taipitopito pukapuka
Ashburton Guardian, Volume V, Issue 1619, 26 July 1887, Page 3
Word count
Tapeke kupu
187MOUNT MORGAN GOLDFIELD Ashburton Guardian, Volume V, Issue 1619, 26 July 1887, Page 3
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in