Page 4 Advertisements Column 1

Kumara Times, Issue 177, 28 April 1877, Page 4

PROSPECTUS OF THE 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 shillings, on allotment. The ballance on Calls not exceeding 28 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 majority of Shareholders. PROVISIONAL directors: Messrs S. M. South, J. R. Hudson, and Henry Young, Hok^tika. BROKERS FOR WEbTLAND : Messrs F. A. Learmonth and Co. BanV 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'B Lease, which Lease has since been purchased from the Waste Lands Board by Mr Hemy 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: " J may slate 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 eee on the plan, and marked ' Quartz Reef.' .The reef is from fifteen to eighteen feet in thickness, and bearing «ast 13 deg, south, and west 13 deg, •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. Mr Palmer also discovered a great quantity of stream tin in two different creeks in the lease, some of the boulders being from two to three hundredweight. lam of opinion that an immense tin lode mußt also i tin through the Lease, from the quantity of stteum tin in the two creeks."

. ; . The original Prospectors of the Mount Rangitoto Company's Mine also report ;asfollows 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 fivefeet in thickness." Samples of ore from the 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 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, Ko. 1855, locality, Mount Rangitoto, obtained at the 2s ew Zealand Geological Survey Laboratory, which reads thus-:—"The amount of gold in Wo. 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 sciaatiuc 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 In-ve now in progress a line of road, it i* exp'.'utvd tiut theworking of the mine will i>« conducted with facility and eeoiv my. ( On transferring (!.<« to the proposed Company, iiio ;,i rioters will receive 2000 fully j>: i! n;j £5 shares, and the sum of <£!00<; in .- Eaily application for shares will be necessary, as the |)roin'.v,H!s confidently expect applications tor iwiy double the number of shares to bp .■Jiott-cl. ( Applications wiii i,e rco< ived by. HENRY YOUNG, I Interim Secretary ;or i F. A. LEARMONT H & (JO. | Brokers, Hokitika. R. T. HOLMES, TDREWER, CORDIAL, & CRATED ' WATER MANUFACTERER. Greysiouth.