Page 4 Advertisements Column 1

Cromwell Argus, Volume VI, Issue 272, 26 January 1875, Page 4

Prospectus OF THE YOUNG AUSTRALIAN QUARTZ MINING COMPANY, Garrick Range. Registered under tie Mining Companies Act, 1 872. .Capital £9OOO, in 1800 Shares of £5 each. The Proprietors of the Mine, Messrs Williams and Edwards, who have both been long and favourably known in the district as thoroughly practical and competent quartz miners, intend ■offering about 800 of these Shares to the public. It is admitted by all acquainted with the Garrick Range that this is by far the most valuable mine in the district. It has been thoroughly ■ opened up and prospected, and a Lease of Ten Acres has been secured. The mine was taken up by the present proprietors in November 1872. During 1873, after it had been prospected by shaft, a tunnel was put in and the reef cut at about 85 feet from the surface ; 700 tons were taken out and crushed, with a yield of 7524 ozs., or an average of 2l| dwts. per ton. The mine being situate a distance of two miles from any mill, and cartage being a very serious item, it was determined to erect crushing machinery on the ground. The Conroy’s Gully mill—a first-class plant, supplied by Messrs Kincaid, M'Queen, and Co. of Dun- ■ edin—was purchased, and has been erected on the ground at a cost of about £IOOO. During '1874, from six to ten men were employed in ’prospecting and opening up the mine. A distance of 250 feet has been driven along the reef, •rises have been put up at intervals of about 40 ' feet, and two shafts sunk with the reef to the water level, 93 feet below the present workings. The only stone crushed during the present season ’was taken from these prospecting drives in different parts of the mine. The quantity crushed was 150 tons, which gave 187 ozs. 2 dwts., or •nearly 25 dwts. per ton. The height of stone over head along the 250 'feet driven is 80 feet. Of this about one-half ’has been taken out and crushed with the result ■already stated. Two shafts have also been sunk '93 feet below the present level to the water; the reef all through, where opened up, runs from eighteen inches to six feet in depth. During the progress of the work last year, a •second reef was discovered, running parallel to the other, at a distance of forty feet; and this ■was driven along for some length. The reef ■averaged two feet in thickness, and gave prospects of from twelve to fifteen pennyweights per 'ton. None of this was crushed, as the mill was then in course of erection. The mine is situated close to the termination -of the Garrick Water Company’s race, and sufficient water is now available to drive the mill; and as the latter is placed close to the mouth of the tunnel, working expenses will be very light. Six dwts. per ton is considered an ample margin to cover the cost of raising and crushing. The proprietors estimate that there is sufficient stone in sight to keep the mill going for three years, with most of the dead work done. A shaft has been sunk in the Companv’s lease about 100 feet from the end of the present workings, and the reef, with similar prospects, has been struck at a depth of 60 feet from the surface. Mr Samuel Williams, one of the proprietors, so well known as a mine manager at Bendigo and the Garrick, will continue as manager of the mine. He intends, while the present stone is being worked, to put in a tunnel which would strike the reef about 300 feet deeper than the present level; it would not be a very long one, as the nature of the country presents unusual facilities for this purpose. The shares will be issued fully paid up, with the mine and plant free from all liabilities. Of the 1800 shares the present proprietors will retain 800. 200 will be set aside as a reserve fund, and the dividends from these allowed to accumulate, so that there will be no need for calls, the fear of which deters so many from speculating in mining property. The remaining ’BOO will be placed in the market. Applications for Shares to be made to Mr M. W. Hawkins, Broker, Dunedin ; or to JAMES MARSHALL, Mining Agent, Cromwell, N O T I C E. I hereby authorise C. W. WRIGHT to Collect all Debts due to me. ISAAC WRIGHT. All Debts now due to Mr Isaac Wright must be paid to me without delay, or proceedings will be taken to recover the same without further notice. O. W. WRIGHT. January 12, 1875. F 0 R sale. The IRON FLUMING across the Clutha River, erected by Mr Jules La Fontaine ; with a right to one sluice-head of water from Fire wood Creek, sluice-boxes, tools, &c. For particulars apply to JAS. MARSHALL. Bannockburn and carrick RANGE MINERS’ ASSOCIATION. The ANNUAL MEETING of the Members of the Associatioa is adjourned to WEDNESDAY EVENING, 27th January. A full attendance is respectfully requested, as President and Committee for the ensuing year will be elected. JOSEPH L. MOORE, President.