Page 4 Advertisements Column 1

Kumara Times, Issue 159, 7 April 1877, Page 4

iR.QSPECTUS OF THE lEW ZEALAND SILVER ; MINING CO., (LIMITED). "!ount Rangitoto, County of Westland, i New Zealand. CAPITAL, £40,000. 18000 Shares of £5 each, payable as follows: Five shillings, on application. five shillings, on allotment. ?he ballanee on Calls not exceeding 2s'6d per month. . Fhe Company will be registered immediately applications are received for 5000 shares. Jead Gffice.ito be: at Dunedin, or Wellington, according to decision of ma- '- ■' jority of Shareholders. PROVISIONAL DIRECTORS: ifcssrs.S. M. South, J. R. Hudson, and ,■•''''; Henry Young, Hokitika. ' ' BROKERS FOR WESTLAND : Messrs F. A. Learmonth and Co. Bank of New Zealand. The object of the proposed .Company work a Mineral Lease of 500 acres, jfcuated at Mount Rangitoto, County of Westland., formerly known as Hudson's Jease, which Lease has since been purchased from the "Waste Lands Board by llr Henry Young. The Lease is known as No 2, west of ihe Mount Rangitoto Company's Mine. The area secured is 500 acres, on yhich two distinct lodes of ore—one ifteen inches, and the other varying roim throe to five feet in width out;rop. Mr Arthur, Mining Surveyor, who las recently returned from completing S !: survey of the Lease, reports as bllows:— " 1 may state that in addition to lodes brmerly reported on that Mr Palmer, me of the original prospectors of the tfount Rangitoto Silver Mfcie, who rindly volunteered hia assistance in the Purvey, discovered a large lode in one pease, the position of which you will fee on. the plan, and marked ' Quartz &eef.' The reef is from fifteen to dghteen feet in thickness, and bearing last 13, deg. south, and west 13 deg. ibrth,' underlying to the north at an mgle of about SO deg. This lode is in i direct.line with those now being forked by the Prospeeiors' Company, tnd, shows, both .Galena and Pyrites, ifr' * 'Palmer' also discovered a great inanity of stream tin in two different (reeks in the lease, some of the boulders Jeing from two to three hundredweight. ! am of opinion that, an immense tin ode must also run through the Lease, rora the quantity of stream tin in the ijjrp creaks." .'..'",.,. ''The original Prospectors of the Mount langitjoto. Company's Mine also report Is follows upon this lease

» "Two lodes of ore similar to those'in leMpunjk Rangitoto Company's Mine itcrop in this Lease, one of fifteen oheSj the, other varies from three to ve feet in thickness." Samples of Ore. from the Rangitoto bmpany's mine have been proved by 'rofessor Kirkland, of the Melbourne Pnivefsity, to contain respectively thvee undred and ninety-two ounces and &ven hundred and thirty-five ounces of Elver ■■ls6' the ton. : Dr Hector in his Eleventh Annual Report, 1876, on the tefoafeil Museum and Laboratory, lellington, reports having obtained rem a sample of Rangitoto ore a yield tthe'iate of five ounces fifteen penny'eights nineteen grains of gold per ton. teferenees is also directed to result of balysis, 1 • No. 1855,./locality, Mount fcngitoto, obtained at,the New Zealand 'eological Survey Laboratory, which ads thus :—" The amount of gold in '</. ! 1 is ten ounces two pennyweights ;r ton." •It'is'proposed to engage from.Calirnia a thoroughly competent and exJiienced Silver Mining Manager, and ' have the mine developed and worked l sound scientific principles, and with ie latent machinery. As there is an mndant supply of water and timber the immediate vicinity of the mine, id the Government have now in proess a line of road, it is expected that e" working of the mine will be connoted with facility and economy. ""Oh transferring the Property to the roposed Company, the promoters will sceive 2000 fully paid up £5 shares, ad the sum of £IOOO in cash. Early applieation for shares will be ecessary, as the promoters confidently ipect applications for fully double the umber of shares to be allotted. Applications will be received by. \,\ HENRY YOUNG, i ; - ■' Interim Secretary; or £ E. A, LEARMONTH & CO. Brokers, Hokitika. R. T. HOLMES, REWER, CORDIAL, & JERATED j" WATER &ANUFACTERER. Greymouth.