MINING NEWS
MOUNT MORGAN OPTION Mount Morgan, Limited, Sydney, hat advised the Auckland Stock Exchange that it has accepted an option from the Swan Bitter Gold Mining Company N.L. over an area of 156 acres, comprising eight mining areas, 73 miles south of Wiluna, Western Australia, and adjoining tho leases now being! worked by the S«an Bitter Company. An inspection of the property will be made shortly. YIELDS OF COMPANIES Mataki (Murchison). —Last week, 41oz. for 13S hours. VICTORIAN PRICE OF GOLD Tho yield of gold in Victoria for August was 71620z. gross (64870z. fine), valued at £4-1,959, calculated at £6 18s 7.153 d an ounce. Compared with the return for August of last year this represents an increase of 29700z. fine. The return for tho last eight months was 46,0190z. fine, valued at £316,7i>8, showing an increase of 10,8750z. fine, compared with the yield for the corresponding period of last year. REPORTS OF MANAGERS Dawn of Hope (Thames), .—The leading stope has now been timbered along the reef for 25ft., and a start made to carrv on stoping on the ree.r, which is showing gold freely in the ore broken out. r-.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21921, 3 October 1934, Page 7
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193MINING NEWS New Zealand Herald, Volume LXXI, Issue 21921, 3 October 1934, Page 7
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