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It shows miners carrying winter supplies back to the gold-mining town of Macetown about 1890.
They are treading carefully around a frozen waterfall beside the Arrow River.
Macetown was established about 1862 after the discovery of gold in the river, and was named after three Mace brothers, John, Charles and Harry, who mined there.
The town had a population of about 300 in 1863, but had slipped to 113 in the 1901 census, and by the 1930s was deserted.
According to the Department of Conservation website, Macetown attracts about 7500 visitors a year.
They come by foot, mountainbike or 4WD, and make their way along a 16km road from Arrowtown,which crosses the Arrow River 22 times.
Macetown is one of the most intact and accessible historic goldfield towns managed by Doc in Otago.