MINING NEWS.
MOUNT MORGAN REPORT. 1 j Mount Morgan (Queensland) reports an cs:i- ---■ I mated working surplus of £5132 for the four weeks ended April 2, compared with an esti- ' mat-ed dcficit. of £.3181 for the previous period. In arrlvirtr at. this figure, no provision was made for depreciation, overhead expenses of £3600 or preference dividend of £1231. Capital expenditure for the period amounted to £ 1664. NORTH BROKEN HILL. Noriii Broken Hill reports as follows: "Coinposition of core of diamond drill bore in section 36 at 2600 ft level is: From 237 ft to 259 ft, low grade; lode material from 259 ft to 265 ft average grade ore; from 211 ft to 280f , low-grade ore; I from 280 ft to 283 ft, lode formation; from 283 ft | to 288 ft, country rocks. Results so far indicate . that they can be considered satisfactory lor the particular ration of the lode which the drill is t raversl^T'' COMPANY YIELDS. Grey River Dredse. —For the week ended April 2: 244C8 for 131 hours from 1)7.533 vards. For I March: 10520z for 543 hours from 370.76G vards. Argo.—23oz for 90 hours. Blackball Creek.—36oz for 99 hours. Snowy River.—B7',ioz from 18.000 yards in 110 hours.
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Bibliographic details
Auckland Star, Volume LXXII, Issue 87, 14 April 1941, Page 4
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201MINING NEWS. Auckland Star, Volume LXXII, Issue 87, 14 April 1941, Page 4
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