The Morning Star diorite dyke has been subjected to two periods of mineralization. The earlier, genetically related to the dyke magma, gave rise to a weak chalcopyrite-pyrrhotite-pentlandite-gold mineralization in a narrow zone, up to 25 cm. wide, which parallelsthe nearby western (hanging) wall of the dyke. Subsequently a set of conjugate shears formed in the dyke as a result of tectonic movements. Gold-quartz veins formed in these shears giving rise to the classical "ladder veins" of the Morning Star mine. On either side of the veins ("floors") the diorite has been bleached for up to 3 ft. This involved introduction of much CO. and some K"O, and S with abstraction of SiO. and FeO, giving rise to carbonates, sericite, zoisite and pyrite. The veins consist of quartz with minor amounts of albite and carbonate, together with pyrite, arsenopyrite, pyrrhotite, chalcopyrite, sphalerite, tetrahedrite, galena, bournonite, boulangerite and gold. Spectrographic analyses of gold show that the suite of trace elements is consistent throughout the mine.INTRODUCTIONThe gold-quartz veins of the Morning Star Gold Mine, at Wood's Point, Victoria, are a classic example of the "ladder vein" type of deposit. The structure of this series of repeating quartz veins or "floors", some barren and some productive, occurring in a set of conjugate shears which transect a "dyke bulge" of diorite (Fig. 1), has been described on numerous occasions as mining has progressed and figures in the textbooks (Whitelaw, 1905; 1916; Junner, 1920; Lindgren, 1933; McKinstry, 1935; 1942; 1949; Kenny, 1949; Hills, 1952; Clappison, 1953) ; but there has been no study of the mineralization apart from that in Junner's (1920) general study of the Walhalla-Wood's Point Goldfield, made at a time when mining had not developed below the 400 ft. level,. and the mine was dormant.