Page 3 Advertisements Column 4

Cromwell Argus, Volume V, Issue 265, 8 December 1874, Page 3

otr TUB GARRICK CHEAT QUARTZ TUNNELLING 1 company, To be registered Unde* the Mining Companies Capital - . - £15,000, In 60,000 shares of ss. each. Provisional Directors. Mr Logan Mr Taylor Mr Goodger Mr Grant Mr Lawrence Mr Bennett Mr Jolly Mr J v Stuart Mr Kidd Mr Towan Mr S. Williams Mr Richards Mr Gudgeon M r Arndt Mr Murrell ‘ : ; J Treasurer. Mr C. E. Gudgeon, Bank of New Zealand. SECRETARY. ...... Mr Chas, Colclough, Accountant. The promoters of this undertaking, being aware that the auriferous resources of the Garrick Kange are not being satisfactorily developed, so as to benefit the mining community of the district generally, and feeling confident that a vast amount of hidden wealth lies Undeveloped at a ijreat depth in the heart of the auriferous moun* tain on the surface of which are to be found the Star of the East, Heart of Oak, Elisabeth, and 't * east 20 other gold-bearing reefs, confidently present this prospectus to the favourable consideration of the public. It is proposed to penetrate the Border Chief hill by a tunnel from Smith’s Gully, near the junc* tion of the two branches of that gully, to a distance of about 1500 yards in a south-westerly direction, crossing at a vast depth all the reefs and leaders between the Border Chief and the Heart of Oak claims, under which last claim the tunnel will be about 1500 feet in depth. In .consequence of the extensive character of the above undertaking, it is determined to procure a first-class rock-drill, which it is confidently believed will revolutionise the present tedious and expensive method of piercing rock. The promoters have made application for a special area of ground, and as a large number of persons will avail themselves of the share list now presented, they have every confidence of a favourable reply from the Government. They ask 150 yards on each side of the tunnel for its whole length. The facilities for carrying on extensive quartz crushing works at the mouth of the proposed tunnel are excellent, and as there is a probability of such works being extensive in the event of a successful prosecution of the proposed undertaking, it is of importance that attention should he directed to it. Being aware of the great success achieved by the promoters of a scheme of a similar character at Bendigo, and also knowing that similar schemes have met with marked success at the Thames, the promoters have considerable confidence in offering the present speculation to the public. They have no hesitation in declaring it the most promising speculation that has yet appeared for acceptance by the-public,, whether viewed as one for individual profit or as one contributing to solve the great question of the value of quartz reefs at the greatest depths obtainable by tunnel. The promoters do not seek any compensation excepting a refund of trifling preliminary expenses, so that all money called up will be actually expended in prosecuting the work. The first known reef will be crossed at. (say) 400 feet, being the “Border Chief, v which yielded at the rate of six ounces to the ton on the top ; after which other reefs may be crossed at every ten to fifty feet, as per surface indications. The share list will remain open at Cromwell, Quartzville, and Dunedin, and applications will be proportionately allotted, without any exceptions. A deposit of one penny per share must accompany each application, and a halfpenny must be paid on allotment, after which monthly calls of one halfpenny, (and not exceeding one penny without special resolution of shareholders,) shall be payable towards carrying on the works. Applications to be made, enclosing deposit, to Mr Bennett, Quartzville ‘ W. O. Ball, Dunedin j or to the Undersigned, Cromwell. CHARLES COLCLOUGH, Hon. Secretary. Albertown J : tß ER T HOTEL, & STORE, & POST-OFFICE, ALBERTOWN, H. NORMAN Begs to intimate that he has made very exten* sive improvements in the above old establishment, and can now offer unrivalled accommodation, both for man and horse. A large stock of General Stores tc Drapery always on hand. Old acquaintances will please remember that hey can still make themselves perfectly at home at H. NORMAN’S, ALBERTOWN. HOTEL AND STORE LUGGATE, 28 miles from Cromwell, on the main road to Lake Wanaka), H. M airman -....Proprietor. This well-known Hotel possesses every accommodation for the comfort and convenience of travellers. Groceries, Clothing, Drapery, Ironmongery, Mining Tools, <fec., &c., constantly on hand, at Cromwell prices. GOOD STABLING. N.B.—District Post Office,