This mine was opened in 1886. Up to May 31, 1897, the total yield was 1,631,981 ozs. of gold, sold at 6,712,187 pounds, from which 4,400,000 pounds have been paid in dividends. (See Mining Journal, for Oct. 9, 1897.)
Mount Morgan shareholders have, in other words, divided over 43 1/2 tons of standard gold.
The Burra Burra Mine, about 100 miles from Adelaide, in a direction a little to the east of north, was found in 1845 by a shepherd named Pickett. It is singularly situated on bald hills standing 130 feet above the surrounding country. The ores obtained from this copper mine had been chiefly red oxides, very rich blue and green carbonates, including malachite, and also native copper. The discovery of this mine, supporting, as it did at one time, a large population, marked a new era in the history of the colony. The capital invested in it was 12,320 pounds in 5 pound shares, and no subsequent call was ever made upon the shareholders. The total amount paid in dividends was 800,000 pounds. After being worked by the original owners for some years the mine was sold to a new company, but during the last few years it has not been worked, owing in some degree to the low price of copper and also to the fact that the deposit then being worked apparently became exhausted. For many years the average yield was from 10,000 to 13,000 tons of ore, averaging 22 to 23 per cent of copper. It is stated that, during the twenty-nine and a half years in which the mine was worked, the company expended 2,241,167 in general expenses. The output of ore during the same period amounted to 234,648 tons, equal to 51,622 tons of copper. This, at the average price of copper, amounted to a money value of 4,749,224 pounds. The mine stopped working in 1877.
Mount Bischoff, Tasmania, has produced, since the formation of the Company to December 1895, 47,263 tons of tin ore. It is still in full work and likely to be for years to come.
Each of these immense metalliferous deposits was found outcropping on the summit of a hill of comparatively low altitude. There are no true walls nor can the ore be traced away from the hill in lode form. These occurrences are generally held to be due to hydrothermal or geyser action.
Then again lodes are often very erratic in their course. Slides and faults throw them far from their true line, and sometimes the lode is represented by a number of lenticular (double-pointed in section) masses of quartz of greater or less length, either continuing point to point or overlapping, "splicing," as the miners call it. Such formations are very common in West Australia. All this has to be considered and taken into account when tracing the run of stone.
This tyro also must carefully remember that in rough country where the lode strikes across hills and valleys, the line of the cap or outcrop will apparently be very sinuous owing to the rises and depressions of the surface. Many people even now do not understand that true lodes or reefs are portions of rock or material differing from the surrounding and enclosing strata, and continuing down to unknown depths at varying angles. Therefore, if you have a north and south lode outcropping on a hill and crossing an east and west valley, the said lode, underlying east, when you have traced its outcrop to the lowest point in the valley, between the two hills, will be found to be a greater or less distance, according to the angle of its dip or underlie, to the east of the outcrop on the hill where it was first seen. If it be followed up the next hill it will come again to the west, the amount of apparent deviation being regulated by the height of the hills and depth of the valley.
A simple demonstration will make this plain. Take a piece of half-inch pine board, 2 ft. long and 9 in. wide, and imagine this to be a lode; now cut a half circle out of it from the upper edge with a fret saw and lean the board say at an angle of 45 degrees to the left, look along the top edge, which you are to consider as the outcrop on the high ground, the bottom of the cut being the outcrop in the valley, and it will be seen that the lowest portion of the cut is some inches to the right; so it is with the lode, and in rough country very nice judgment is required to trace the true course.
For indications, never pass an ironstone "blow" without examination. Remember the pregnant Cornish saying with regard to mining and the current aphorism, "The iron hat covers the golden head." "Cousin Jack," put it "Iron rides a good horse." The ironstone outcrop may cover a gold, silver, copper or tin lode.
If you are searching for gold, the presence of the royal metal should be apparent on trial with the pestle and mortar; if silver, either by sight in one of its various forms or by assay, blowpipe or otherwise; copper will reveal itself by its peculiar colour, green or blue carbonates, red oxides, or metallic copper. It is an easy metal to prospect for, and its percentage is not difficult to determine approximately. Tin is more difficult to identify, as it varies so greatly in appearance.