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piiOSP'EOTTJS *- OF THE, CROWN AND CROSS QUARTZ MINING COMPANY, CAKEIOK RANGE. The proprietors of the above Company, being anxious to erect a crushing-mill on or adjacent to their valuable quartz claim,' known as the Crown and Cross, beg to lay the following facts before the investing public, with the hope that the object as stated may be carried out, The ground now held by the proprietors is an ordinary six men's claim,—6oo feet along the line of reef by 300 feet wide,— and within these boandaries are two if not more lines of reef, both of which have been proved to contain gold. Prom the first a yield was obtained of some 300 ozs. of gold, but owing to the charges for carting and crushing did not prove payable. The other reef, however, yielded the handsome return of 212 ozs. retorted gold from 180 tons of quartz. This crushing paid a good dividend. But if the battery had been on the ground, the results would have proved even more encouraging. The proprietors have now 120 tons of quartz from this latter reef on its way to the mill. The proprietors have traced this reef 300 feet along the surface, finding it to carry payable gold throughout ; and have sunk two shafts, one 30 and the other 40 feet, from which the above quartz was obtained. They have also driven a tunnel in 80 feet, which has cut the reef two feet thick at a depth of 75 feet from the surface. In the reef at this depth gold is plainly visible. By continuing this tunnel, the other reef would be cut at a depth of 180 feet. ■ Professor Ulrich, when inspecting this mine, gave it as his opinion that the proprietors would cut yet another reef, known as the Try Again, which would considerably enhance the value of the property now offered. The proprietors purpose floating the company as follows :--The capital will be £6OOO, in 3000 shares of £2 each, of which the present proprietors, will retain one-half, (1500,) and now offer the cbalance to the public. As soon as 1000 shares are applied for, it is their intention to devote £6OO of the proceeds to erect the crushingmill on the claim,—the said mill'being in the firsfc place to crush the company's stone, and, when disengaged, to crush for the public at a remunerative rate. The proprietors have secured an excellent mill-site at the junction of the two branches of Smith's gully, from which they can obtain a plentiful supply of water for crushing, purposes. It is the intention to drive the mill by steam power at the heginning, and until more water shall be available for the motive power. '• . ... For- any further particulars respecting the above property, apply to , HERBERT, WaTSON, & COTTON, On the ground ; or JAMES MARSHALL, • Cromwell, PUBLIC MEETING. fnpilE BANNOCRBURN and CAR- - RICK MINERS' ASSOCIATION call a PUBLIC MEETING of the ELECTORS of the district to consider ths action taken by bur representative at the last session of the Provincial Council. The meeting to be held at the Ban, nockbum SCHOOLROOM on' SATURDAY, 13th February, at half-past seven o'clock p.m. D. W. M'GREGOR, Secretary. pARRICK GREAT TUNNEL CO. NOTICE. A MEETING of SHAREHOLDERS will take place at the Town Hall on FRIDAY Evening, 12th February, 1875. Business of importance. Intending shareholders are invited to attend. CHAS. COLCLOUGH, Secretary. ■O" H N WRIGHT, J NEWS AGENT, &c, Cromwell. J. WRIGHT begs to inform the public of' Cromwell and the surrounding districts that he has been appointed Agent in place of Mr Isaac Wright, and hopes by punctuality in delivery and general attention to orders, to merit the support so liberally bestowed on his predecessor. PRESBYTERIAN CHURCH, CROMWELL. A SOIREE Will be held in the SCHOOLHOUSE . ' on' THURSDAY EVENING, February 11, 1875, In connection with the Induction Services to take place on that evening. The Revs. W. Bannerman, R. Teword, and W. Camkron will deliver addresses. Teaonthe Table at seven p.m. Admission, 3s. .Tickets may be had at Messrs Jolly & Co.'s ' store, and at the Office of thia-Paper.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CROMARG18750209.2.7.4

Bibliographic details

Cromwell Argus, Volume VI, Issue 274, 9 February 1875, Page 4

Word Count
681

Page 4 Advertisements Column 4 Cromwell Argus, Volume VI, Issue 274, 9 February 1875, Page 4

Page 4 Advertisements Column 4 Cromwell Argus, Volume VI, Issue 274, 9 February 1875, Page 4

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