Volcano on NZ-claimed land in Antarctica is spewing gold

A volcano in the New Zealand-claimed Ross Dependency in Antarctica is spewing out gold - but unfortunately, it won't make us rich. 

The discovery Mount Erebus is emitting gold isn't new, with reports dating back to 1991 reporting on the phenomenon. 

But the discovery has made headlines around the world in recent days after being resurfaced by science news website 'IFL Science'. 

Mount Erebus, one of the most intense and southernmost active volcanoes on Earth, is estimated to release roughly 80 grams of gold daily. That's only worth just over NZ$10,000.  

Erebus regularly pumps out plumes of gas and steam, sometimes ejecting boulders of molten rock in the process.   

Two climbers stand on the edge of the crater of Mount Erebus, 12,500 ft above sea-level, on Ross Island, Antarctica.
Two climbers stand on the edge of the crater of Mount Erebus, 12,500 ft above sea-level, on Ross Island, Antarctica. Photo credit: Getty Images

Bizarrely, US scientists discovered its gusts of gas contain tiny crystals of metallic gold, no larger than 20 micrometers.   

According to researchers, the gold travels huge distances, with traces detected in the air 1000km from the volcano.  

The volcano is most well-known for the Mount Erebus disaster in 1979, when an Air New Zealand flight flew head on into the side of the volcano, killing all 257 people on board.