Noosa News
Golden renaissance as miners hope to strike big and rejuvenate small town
Prospectors in the Victorian High Country say they have struck gold near Swifts Creek and hope the discovery could eventually rejuvenate the former logging town.
Key points:
- Richard Darby has handed operation of his Snowstorm Gully mine to First AU
- The exploration company says early drilling results have been encouraging
- The exact amount of gold in the reef is not yet known
A five-hour drive northeast of Melbourne, Swifts Creek was once a bustling timber town but is now home to just a few-hundred people.
Exploration company First AU started work at Snowstorm Gully last year, chipping rock to map potential drill sites.
ABC…
Continue Reading
-
General23 hours agoDonald Trump’s initial 10 per cent tariff takes effect
-
General22 hours agoJaguar Land Rover in UK pauses shipments to US
-
General20 hours agoTexas opens probe into Kellogg’s health claims, dyes
-
General18 hours agoAustralian share market set to dive as threat of US recession grows