Page 3 Advertisements Column 4

Grey River Argus, Volume XIV, Issue 1695, 9 January 1874, Page 3

Public Notices. "OUEAK O' DAY QUARTZ-MINING ■° CO. (LIMITED). To the Shareholders of the Break o' Day Quartz Mining Co. (Limited). December 12, 1873. Gentlempn —Your Directors have much pleasure ia making this report of the working of your mine, as their anticipations of its richness have been fully realised. Arrangements were entered into with the Alpine Company, by which 152 tons of stone have been put through their battery, giving a return of 11240zs 18dwts 12grs of melted gold. The whole liabilities of the Company amount to £1085 3s lid, and the proceeds of gold to £4330 19s, leaving a balance of £3250 10s lid available for dividend. The . Mining Manager, Mr Rolandson, reports the work steadily progressing. The upper level has been stoped out, and the lower level tunnelisnowin3ooft, striking stone at 50ft, and showing a well defined leader varying in richness the remaining distance. There is also a middle level going in to split the block, and make it more convenient to work. Your Directors expsct, from Mr Rowlandson's report, to be able to crush again in March next, and from the appearance of the stone in the levels, we expect a yield, if anytlrng, superior to the present. Your property now consists of about 18 acres 2 roods, comprising part of the land known as the Helvetia, the lease of which having been cancelled, was applied for by your Company as a separate lease. The whole of this ground is on the dip of the reef, and a valuable addition to your property. All the expensive works, such as wire tramway, break, &0., being completed and in good order, the future working of the mine wiU be less costly, and by being carried on vigorously we may expect quick dividends. ; j Your Directors, in concluding this report, ' bear testimony to the efficient manner, in which the work has been carried on by >Mr Rowlandson, the Mining Manager. WM. DALTON, ; Chairman. To the Directors. Gentlemen— l have the honor to submit for your consideration the following report, giving a rough outline of the operations, position, and prospects of the mine. Previous to my appointment in July last, a tunnel was started at a point 80ft from the boundary line of M aruia and Break o' Day Companies' leases, on the leader cropping out on the surface, and continued for a distance of 165 ft, striking the boundary line of the above companies' leases, ■ the underlay being 35deg to the westward, and slightly dipping to south. At a distance of 60ft from the mouth of the tunnel rich stone was obtained, and continued to the boundary, forming a block in the shape of a V. In July last six men were engaged ; four men were .employed taking out the block, which was finished in the latter end of October last. The quantity of stone taken out was 152 tons, and the yield of gold 1125 ounces. Two men were employed at the lower level tunnel, and other outside work. • The lower level tunnel is situated a distance of 85ft on the slope io the westward of the upper tunnel, and 35ft vertically, and is now driven 300 ft, the course being similar to the upper tunnel, S.S.E,, first striking the leader at 50ft from the mouth, and from this point showing a'beautiful and well-defined leader, with varying degrees of richness, and every appearance of so continuing. Twenty feet back from the end of the tunnel, a crosscut is being put up, so as to break into the Maruia lower tunnel on the boundary, and splendid gold is being obtained, and, when completed, blocking out will immediately be commenced. The size of the block from crosscut to surface is 250 ft in length by 85ft in depth ; also the block to be cut along the boundary line as far in the hill as the level of the .tunnel will allow. I consider it advisable to split the 85ft block by making two 40ffc blocks, being more profitable, cheaper, and greatly facilitating the working of the- mine. This has been done by an intermediate tunnel, commenced at the surface on the leader, and now in a distance of 90ft, containing the general average of rich stone. Two weeks' work will complete this tunnel, when blocking out will be vigorously pushed on night and day in the mine. I would strongly recommend the necessity of engaging as many hands as can profitably be employed in the mine, as it gives greater and quicker dividends, and tends materially to enhance the value, of the claim. The quality of the stone now being brought to grass is richer than that already crushed, and next crnshing wiU be in the beginning of March, 1874. With regard to the next lower level, I would urge upon the Directors to adopt the following course, at the most promising place, or where the richest gold was obtained in the lower tunnel. A winze be sunk following the leader on the underlay to a! depth of 90ft or 100 ft. A tunnel (which should be let by contract) should be constructed, starting from the receiving paddock, and striking the foot of the winze, and, when connected, blocking out could be proceeded with.' This is the surest and cheapest method of working, and the cost would not be great ; the length of tunnel about 250 ft. At some futur« period the leaders, which have been proved in the prospecting, to the boundary of the Company's lease, and containing rich stone, should be worked.; This must be done by a low level tunnel, starting a little above Messrs Carroll and Cairns' tramway, and first intersecting the eastern leaders of the prospecting claim. This tunnel by continuing into the hill will command another level of the leader we are now working, and both leaders can be worked by the same tunnel. All outside preparations have been completed, and little expense will be needed for the future working of the mine, and all the plant is in good order. I would suggest that all timber required, laths, props, cap-pieces, &c, should be let by contract, and a good stock on hand before winter sets in. ; 1 cannot conclude this report without congratulating the shareholders upon the present and future prospects and permanency of the mine. : „ . I have the honor to be, ; ; ; Your most obedient servant, > •' • THOMAS; ROWLANDSO ST.Balance Sheet of , the Break o'D At Quartz-mining Company (Limited), for the year ending 17th dec.,, 1873. Dr. ' • v £' s ; d. To capital paid up ... 2541 13 4 „ original shareholders ... 3. 0 ( „P.Mulvarrn ... i : !l' 3 4 „ Alpine Co, ... , .V |4 16 { „ Liability. Account .... ( ... \ ,871 5 t „ Gold Account ........'.' 4330 19 ( £7752 17 9