Page 3 Advertisements Column 2

Dunstan Times, Issue 690, 9 July 1875, Page 3

PIIOSP E 0 T U S OF THE ‘‘Now Aurora Quartz Mining Company ”■ Bendigo. To bo Registered unclor tbe “Joint Stock Capital £7OOO. In 7000 Shares of £1 each. Provisional Directors : A. Bathgate, Esq., Dunedin. J. Hazlett, Esq, M.PC.) Clyde. B. Baylor, Esq., J.P., Clyde. T. M ‘Momm, Bendigo. T. Hazlett, 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 as such facts can bo verified by competent witnesses who have been resident on Bendigo since the first open- • ing of tile 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 134 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 Sdwtsto 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 wms twice done, the tributors in each case realised from Sdwts to DAdwts 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 60 feet dee]) and 140 feet front the surface, in which there is a reef six (6) feet in width from which the latest crushings of Sdwts to 9|dwta 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 174dwtsper 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 suppos )d to be—after Logan’s—the most valuable on Bendigo—ask that the sum of £6OO be paid to them as compensation, they are also willing to take up 500 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 FACHE, Clyde. FIRST-CLASS OPENING FOR A BUSINESS MAN. FOR SALE BY PRIVATE CONTRACT, AN Old 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 Fve-roomed Dwelling house, 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 has for selling is indisposition in his family, which necessitates a change of climate. For further particulars apply to JOHN PITCHES, Blacks No, 1.