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r Jtt OSPECTUS or THE ‘‘New Aurora Quartz Mining Company ” Bendigo. To be Registered mulor tlm “Joint Stock Compauies’_Act. ” Capital £7OOO. In 7000 Shaves of £1 each. Provisional Directors ; A. Bathgate, Esq., Dunedin. J. Hazlott, Esq , M.P C., Clyde. B. Naylor, Esq., J.P., Clyde. T. ADAlorran, Bendigo. T. Hazlott, Dunedin. With power to add to their number. Bankers: Bank of New South Wales, Cromwell. Solicitors : Bathgate and Buchanan, Dunedin, Broker : George Fache, Clyde. The Promoters of the above Company in placing this speculation before the Public, desire to inform them of the following facts in connection with the claim now held by them, and us such facts can • be verified by competent witnesses who have been resident on Bendigo since the first opening of the ground, they (the Promoters) consider it unnecessary to make any additional statement, but will leave it to speculators to decide whether the claim is or is not worthy of a further trial. The claim in question, consisting of a mining lease of 13|- acres, was originally held by the “Aurora Company,” and worked by them for nearly two years. Crushing operations were carried on by them during that time without intermission, and the yields varied from Sdwts to 2ozs 17dwts per ton of quartz. During this time a tunnel of over 700 feet was driven, but at such a high level as to be practically useless, and was therefore all dead work. No dividends having been obtained the Company decided to let the mine on tribute ; this was twice done, the tributors in each ease realised from Sdwts to Oidwts per ton; this not satisfying them the mine was abandoned, and eventually the Aurora Company allowed their lease to lapse. The Promoters then applied for it, and it was granted to them. During the whole of the above period, whether worked by the company or by the tributors, the mine always paid expenses, and never got one shilling behind. There is now in the tunnel a shaft about GO feet deep and 140 feet from the surface, in which there is a reef six (G) feet in width from which the latest crushings of Sdwts to Djdwts per ton were taken, and at the bottom of said shaft an apparently new “ make” of a strong blue reef is to bo seen, which carries good gold. At the further end of the claim stone yielding 17 Irdwts per ton was taken. It is proposed to sink a shaft in continuation of the above to a depth of 200 feet or 300 feet and cross drive the tunnel at its present termination, so as to cut any reefs which may reasonably be supposed to exist in its vicinity from the fact of various leaders showing on the surface, each carrying good gold, but which are too narrow to admit of being worked profitably. The Promoters in surrendering the above property—locally supposed to be—after Logan’s—the most valuable on Bendigo—ask that the sum of £COO be paid to them as compensation, they are also willing to take up 5 00 shares at the price and on the terms prescribed in the prospectus. A deposit of 2s per share must accompany each application, and 2s per share to be paid on allotment; further calls as the work progresses to be fixed by the Directors appointed by the Company when formed. Further particulars to be obtained of GEORGS FACIIE, Clyde. FIRST-CLASS OPENING FOR A BUSINESS AIAN. FOR SALE BY PRIVATE CONTRACT. AN Uhl Established Business, at Blacks .No, 1, combining HOTEL AND GENERAL STORE. The Premises comprise every convenience for carrying on a large business; Also, A well-built Fvc-roomed Dwellinghouse, at Blacks No. 1 ; Also, A substantial and well-built Store and Dwelling attached, at Blacks No. 3. The above arc to be sold either separately or together, and the only reason the present proprietor lias for selling is indisposition in his family, which necessitates a change of climate. For further particulars apply to JOHN PITCHES, . Blacks No. 1.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DUNST18750702.2.17.2

Bibliographic details

Dunstan Times, Issue 689, 2 July 1875, Page 3

Word Count
667

Page 3 Advertisements Column 2 Dunstan Times, Issue 689, 2 July 1875, Page 3

Page 3 Advertisements Column 2 Dunstan Times, Issue 689, 2 July 1875, Page 3

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