Page 4 Advertisements Column 1

Kumara Times, Issue 164, 13 April 1877, Page 4

iROSPECTTJS OP THE tfEW ZEALAND SILVER MINING CO., (LIMITED). Mount Rangitoto, County of Westland, New Zealand. CAPITAL, £40,000. In 8000 Shares of £5 each, payable as follows: live shillings, on application. Five shillings, on allotment. The ballanoe on Calls not exceeding I 2s 6d per month. 'The.Company will be registered immediately applications are received for , 5000 shares. Head Office to be at Dunedin, or Wellington, according to decision of ma--1 jority of Shareholders. PROVISIONAL DIRECTORS: Messss S. M. South, J. R. Hudson, and Henry Young, Hokitika, BROKERS FOR WESTS.AND : Messrs F. A. Learmonth and Co. Bank of New Zealand. The object of the proposed Company 1 is to work a Mineral Lease of 500 acres, situated at Mount Rangitoto, County of "Westland, formerly known as Hudson's , Lease, which Lease has since been purchased from the Waste Lands Board by .Mr Henry Young. The Lease is known as No 2, west of the Mount Rangitoto Company's Mine; The area secured is 500 acres, on ■which two distinct lodes of ore—one fifteen inches, and the other varying from throe to five feet in width outcrop. Mr Arthur, Mining Surveyor, who has recently returned from completing a survey of the Lease, reports as follows: " 1 may state that in addition to lodes formerly 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 lode in one •of the Creeks running through the Lease, the position of which you will •see on the plan, and marked ' Quartz Reef.' The reef is from fifteen to ■eighteen feet in thickness, and bearing east 13 deg. south, and westl3deg. north, underlying to the north at an angle of about 80 deg. This lode is in a' direct line with those now being worked ,by the Prospectors' Company, and shows both Galena and Pyrites. Palmer also discovered a great •quantity of stream tin in two different •oreeks in the lease, some of the boulders being from two to three hundredweight. I am of opinion that an immense tin lode must also iun through the Lease, from the quantity of stream tin in the tfwo creeks." The original Prospectors of the Mount Rangitoto Company's Mine also report as 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 the Rangitoto Company's mine Lave been proved by Professor Kirkland, of the Melbourne University, to contain respectively three hundred 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 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 ; :—"The amount of gold in No. 1 is ten ounces two pennyweights per ton." It 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 snpply of water and timber in the immediate vicinity of the mine, and the Government have now in progress a line of road, ifc is expected that the working of the mine will be conducted with facility and economy. On transferring the Property to the proposed Company, the promoters will receive 2000 folly paid \ip £5 shares, and the sum of £IOOO in cash. I Early application for shares will be necessary, as the promoters confidently expect applications for fully double the number of shares to be allotted. Applications will be received by. HENRY YOUNG, Interim Secretary } or P. A. LEARMONTH <fc CO. Brokers, Hokitika. { R. T. HOLMES, JJREWER, CORDIAL, & CRATED <WATER MANUPACTERER, Gbeyjiouth.