MINING NEWS.
AUSTRALIAN PRICE OF GOLD. The price fixed by the romnininvoalth Bank fnr cold, inciudius .jewellery. lodired ;ir tlio Melbourne Mini for tho work ended February 1 was at tlio rale of approximately £8 1/1 a standard nun re CJ2 carats), equal to a premium of 1(17.17 per font. Payment is made accordmr to the assay value of tlio pold. The price was 4d higher on the week. Tlio price an ounce fine was £8 26/. a rise of -Id on tlio week. MOUNT MORGAN DEVELOPMENTS. The Auckland Stock Rxehanee lias been ndvised that the shares in Mount Morjran. developments, Limited, offered to sharedders on the London register of Mount Morsran, Limited, have been considerably oversu'bscribed. The company lins been formed to develop a propery of l.llj acres held under option from the Swan Bitter Gold Minlns Company, Xo Liability Western Australia.
MANAGERS' REPORTS. Dawn of Hope (Thames). —The low level to in torsoet the roof has boon adviincod Off for (ho wook. making a (otal of 77ft from (lie startlnjr point. The goldbearing loader met with tliroo weeks ago has now gone ofT into tiio east wall of the drive. No further development on it is possible until our main objective is reached.
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Bibliographic details
Auckland Star, Volume LXVI, Issue 49, 27 February 1935, Page 4
Word Count
205MINING NEWS. Auckland Star, Volume LXVI, Issue 49, 27 February 1935, Page 4
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