Page 4 Advertisements Column 1

Kumara Times, Issue 161, 10 April 1877, Page 4

NEW ZEALAND SILVER MINING CO., (LIMITED). Mount Rangitoto, County of Westland, New Zealand. /CAPITAL, £40,000. In 8000 Shares of £5 each, payable as follows: Five shillings, on application. .Five siullings, oh allotment. The baliance on Calls not exceeding $s fid per month. The Conipiwny will be registered imme--diateiy applications are received Tor • 5000 shares. Head Office to be at Dunedin, xft Wel- " dihgton, according to decision df ma- , jority of Shareholders. , . .PKCIIWSJONAti MRECTOICS ; Messrs S. M. South, J. R. Hudson, and : . flurry Young, ■ Hokitika. i:; , Jokers tor westland:. Messrs F. A. Learmonth and Co. BANKERS : BanV of New Zealand. , The object of the proposed Company is"to work a Mineral Lease of 500 acres, ■situated at Mount Rahgitbto, Countyof ’ Westlahd; formerly known ; as Hudson’s Lease, which; Lease has since been purchased from the Waste Lands Board by Mr.Hehrylfoung. The LeasAia known as No 2, west of the Mount Rangitoto Company's Mine, The «rda secured is 500 acres, on "which two distinct lodes of ore—one •fifteen inches, and the other varying from three to five feet in width outcrop. Mr Arthur, Mining Surveyor, who has recently returned from completing a,.-survey of the Lease, reports as follows:--

. I may state that in addition to lodes formerly reported on that Mr Palmer, ' one of the original prospectors of the ’ Mount Bangitoto Silver Mine, who ’ kindly volunteered his assistance in the {Survey, -discovered a large lode in one qf the Creeks running through the ' tease, the position of which you will , see on the plan, and, marked ‘ Quartz ,'Pee£’" Tile r reef is from fifteen to : eighteen feet m thickness, and bearing .easUS jieg. 'south, and west 13 deg. j north, to the north at an angle of about >BO deg. This lode is in a direct line ; with those now being wx»rked4iy the Prospectors’ Company, and shows both Galena and Pyrites. •My. Palmer .also discovered a great ' ■quantity of stream tin in two different - -creeks in Re lease, some of the boulders .i ; being from two to three hundredweight. <Xato:6fjopmion that an immense tin lode must also inn through the Lease, from.the quantity of stream tin in tote . two creeks.” ■ . ; i i.. The «r[ginal Prpspectpra of Jtfcwint ißangitoto Company’s Mine also report t «s;foUcwti l upon this lease- — j, “ Two lodes of ore similar to those in the Mount Pangitoto Company’s Mine ■ outcrop 1 in this Lease; one. lof. fifteen inches, the other varies from three to five feetih thickness.” Samples of ore from the Pangitoto Company’s mine have been proved by ’ Professor Kirkland, of the’ Melbourne .Gniyat-sity, to contain respectively three : hundred t and ninety-two ; ounces and •seven hundred and thirty-five ounces of silver to the ton. Dr Hector in his Eleventh Annual Report, 1876, on the Colonial Museum and Laboratory, Wellington, reports having obtained from a sample of Pangitoto ore a yield •at the rate of five ounces fifteen .penny- * weights nineteen grains of gold per ton. Peferences is also directed ,to result of nmlysis, No. 1855, locality, Mount obtained at the. New Zealknd 'Geological Survey Laboratory, which reads thus :—“ The amount of gold in 270.1 : k ten. ounces two pennyweights 1 'per' ion.” . * It j« T ptopp»sd to engage from Cali'forilia a tobrdughly coifipetent and experienced Silver Mining Manager, and developed. and worked ‘”«n sound ecientific principles,' and with Jthe .latest machinery. As there is an abundant<?f water and timber • in the immediate vicinity of the mine, aqd theGoyereinent have now in process a line of road, it is expected that the, ,the mine , will be conducted with facility and economy. tfe /Property- to. the proposed Company, the promoters will receive 2000 fully paid up £5 shares, sninpf in cash. aarljf for shares will he necessary, ks the promoters confidently for fully double the 'nuttber or shares to be allotted. AppUcatiohs, wPI he received by. 'H.MPYYOUNG, - r , . Interim Secretory; or ' : y. a' learmonth & go. - - ■ Brokers, Hokitika. R- T. HOLMES, ‘•JJPEWfcE; CORDIAL, & CRATED i WATER MANUFACTERER. . Gbeymouth.