Page 4 Advertisements Column 1

Kumara Times, Issue 179, 1 May 1877, Page 4

)ROSPECTtTS OP 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 2s 6d per months 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, Hokitika. BBOKEES FOR 'WfiSTLAND : Messrs F. A. Learmonth and Co. ißank 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 us 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 sthe 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 three to five feet in width out' crop. 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 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 eastl3,deg. southland 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. Mr Palmer also discovered a great Quantity of stream tin in two different creaks in the lease, some of the boulders feeing from two to three hundredweight. I am of opinion .that an immense tin lodermnst; also run * through the Lease, from the quantity of stream tin in the swo creeks." y The r original Prospectors of the Mount Rangitoto Company's Mine also report i£l,follows,upon this lease . '•"Two lodes pf.ore similar to those in ihe Mount Rangitoto Company's Mine ratcrop in this Lease, one of fifteen' nches, the pth'er varies from three to ive'feet in thickiiess." .'.' -Samples of #re from the Rangitoto /ompahy's mine have been proved by Kirkland, of the Melbourne Jniversity, to contain respectively three itindred and- ninety-two ounces and sven. hundred and thirty-five ounces of ilver to the tonr Dr Hector in his Ileventh Annual Report, 1876, on the lolonial Museum and Laboratory, Wellington, reports having obtained om a sample of Rangitoto ore a yield t r the rate of five ounces fifteen pennyeights nineteen grains of gold per ton.

eferehoes is also directed to result of ialysis. No. 1855, locality, Mount angitpto, obtained at the New Zealand eological Survey Laboratory, which aids thus :—"The amount of .gold in o. 1 is ten ounces two pennyweights rton." It is proposed to engage from Calitaiia a thoroughly competent and exrienced Silver Mining Manager, and (have the mine developed and worked i sound scientific principles, and with e latest machinery. As there is an jundant snpply of water and timber the immediate vicinity of the mine, d the Government have now in pro?Bg,a;!ipe of road, ib is expected that e working of the mine will be conojjed with facility and economy. On transferring the Property to the |>posed Company, the promoters will teive 2000 folly paid up £5 shares," p. the sum of £IOOO in cash. Eaily application for shares will be pessary, as the promoters confidently pect applications for fully double the inber of shares to be allotted, applications will be received by. [ HENRY YOUNG, [■ Interim Secretary ; or r F. A. LEA.RMONTH & 00. [ Brokers, Hokitika. :■:■■ IL T. HOLMES, REWERj OORDIAL, & DERATED NUFACTERER. -GEEYMOUTn.