SHARES SOAR
RICH GOLD STRIKE AUSTRALIAN COMPANY Rec. 9 p.m. MELBOURNE, June 20. Shares in the gold mining company, Australian Development Liability, soared on the Stock Exchange to-day on an official report that the mine at Noble’s Nob, 10 miles from Tennant’s Creek had yielded 3706 ounces worth £37,000 as part of a crushing returning over 55 ounces to the ton. The strike is one of the richest in the history of the territory as normally four ounces to the ton is considered a good yield.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19490621.2.24
Bibliographic details
Otago Daily Times, Issue 27112, 21 June 1949, Page 4
Word Count
86SHARES SOAR Otago Daily Times, Issue 27112, 21 June 1949, Page 4
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.