Page 4 Advertisements Column 1

Kumara Times, Issue 158, 6 April 1877, Page 4

R 0 S PECTUS NEW ZEALAND SILVER MINING CO., (LIMITED). In 'BOOO Skarea of £5 each, payable as follows N Five shillings, on application. Five shillings, on allotment. The ballance on Calls not exceeding 2s 6d per month. Company will be registered immeV -diately applications are received for 5000 shares. , Head Office to be at Dunedin, or Wel- ! lington, according to decision of ma- / jority of Shareholders. ■, PROVISIONAL DIRECTORS : S. M. South, J. R. Hudson, and Henry Young, Hokitika. BROKERS FOR WESTLAND : Messrs F. A. Learmonth and Co. OP the Mount Rangitoto, County of Westland, New Zealand. CAPITAL, £40,000. ; BANKERS:

Bank of New Zealand. The object of the proposed Company is to work a Mineral Lease of 500 acres, situated at Mount Rangitoto, County of Westland, formerly known as Hudson's which Lease has since been pur- . chafed from the Waste Lands Board by Kr Henry ;Young. , . - The Lease is known as No 2, west of Rangitoto Comply’ B Mine. _ The areA‘.iSecured is 500 acres, on' .. hich-two distinct lodes of ore—one fifteen inches, apd the other varying ffrom three to five feet ill width out- ■ ■6h6p, ' i:i ■ ' ■ ’’ * ‘ ' Mr Arthur, ; Mining Surveyor, who ff r * has recently returned from completing a survey of the Lease, reports as -follows. 1 “ 1 may state that in addition to lodes Northerly reported on that Mr Palmer, -One of the original prospectors of the Mount Rangitoto 'Silver Mine, who kindly volunteered his assistance in the Survey, discovered a large Tode in one of the Creeks running through: the Lease, the position of which you will ■see ph.'the plan, and; marked ‘ Quai-te Jteef/ The "reef is : from' fifteen to •eighteen feet in thickness, and bearing - east; 3;-,deg, «outhj. and , yrest 13,deg. north, underlying "to the norm at an angle of about > 60. deg. Tins lode is in a direct line- with; those now- being worked hy the Prospectors’, Company, and) shows both -Galena, and Pyrites. Mr Palmer also, discovered a great -quantity of stream tin, in two different ■creeks in the lease,' some of the boulders U being from two to three hundredweight, I am of opinion that an immense tin lode must also run through the Lease, from the, quantity of stream tin in the two creeks.? , • The original Prospectors of the Mount r . Company’s Mine also report / ik s follows upon this lease—- / « Two lodes of ore similar to those in •*the Mount Rangitoto Company’s Mine •outcrop in this Lease, one of' fifteen inches,'the other 'varies from three to five feet in thickness.” Samples of ore from thfc Rangitoto ; Company’s mine have been proved by ..Professor Kirkland, of the Melbourne University, to contain respectively three hundred and ninety-two ounces and seven hundred and thirty-five oimces of silver to the ton. Dr Hector in his Eleventh' Animal Report, 187 6, on the Colonial ; Museum and Laboratory; Wellington, reports having obtained . from a sample of Rangitoto ore a yield at the rate of five ounces fifteen‘pennyweights nineteen grains of gold per ton. ‘“'References is' also directed to result of analysis, No. 1855, locality, Mount Rangitoto, obtained at the New Zealand Geological Survey Laboratory, which reads thus £i The amount of gold in No. 1 is ten ounces two pennyweights per ton.” ’ Tt is proposed to engage from' California a: thoroughly'competent and experienced Silver Mining Manager, and to have the mine developed and worked . on sound scientific principles, and with the .latest machinery. As there is an abundant supply of water and timber ;;in;the immediate vicinity of the mine, ■ and the Government have now in proajliiie of'road,, it is. expected that the working of the mine will' be con-facility-and economy. 'bn transferring the'Property to the proposed the promoters' will jj^cei-Y^^C^OO,fully, paifi; up, £5, .shares, in cash. ’Early application for ‘shares will be . jneces^ap^jas.the promoters confidently *■' double the number jpf siloes to be allotted. Applications will be received by. 7j , T ,HENRY YOUNG, ' 1 Interim Secretary ; or, /. ; 1 A. k CO. / Brokers, Hokitika. ’ HOLMES, ~ CORDIAL, & MB^tE D Geeymouth. /