Page 1 Advertisements Column 5

Kumara Times, Issue 733, 4 February 1879, Page 1

(;tu.s ok Tin-; TAIPO qua HTZ .MIKING 1 COMPANY (Limited). All AH [IRA DISTRICT, COUNTY OF WESTLAND. Capital; £IO,OOO. iu 10,000 Shares ot ,Ll e.ieh. Sixpence per simi'i* on application j GO. p! i- .-.lim- on all'tmont ; ami (Jails iiui to exceed GO. par slisti - tj per lUOiltil. PROVISIONAL DIRECTORS : James 11,.hues, Esq., Hokitika. A. L. Kin- Esq,, M.C.C., Hokitika Thom.is Cooke, l-.sq,, Hokitika James P- arsun, Esq.. Hokitika George Bath. E-q., Hokitika James Chesuey, Esq., Hokitika Joseph Churches,' Esq.,. Hokitika H. Richardson Bae, Ksq., Hokitika Charles Lijinemanu, Esq., Hokitika Haus J. Hansen, Esq , Hokitika Tiioaias Haworth, Esq., Hokitika. BANKERS; The Union Bank of Australia. solicitor : C. E. Button, Ksq. SECRETARY : J. E- Cuddelbi d, pro tern. The object of the proposed Company is.to work the lease of the Enterprise Quartz Mining Company, Taipo. The claim is situated on Parry’s Range, Arahnra District, about seven miles from the Christchurch road, and thirty-seven miles from Hokitika. The claim contains an area of >2O acres, granted as a lease to the present company by the {Governor’s Delegate. - The have already 'expended iWsthir 6f-- : £ 1300 in driving „ tunnel, sinking a shaft, and generally - testing the ground. . ; .. ... Two distinct and well-defined reefs. have already been tested in the claim 1 one in the shaft and the other in the tunnel.- They are about 200 feet apart; the average width is 3ft Gin an 2ft Gin. The stone is equal iu .Holiness. The tunnel has been driven 150 feet, and the shaft is now down 30 feet. It is proposed to extend the tunnel so as to strike the reef which is being worked in the shaft. A trial crushing of about eight hundred weight of stone and rubble, taken from both reefs, took place at the Bank of New Zealand, Hokitika,.some time since and yielded at the 'rate of sozs 6dwt to the ton. The payable quantity of the stone having been thus satisfactorily proved, it is proposed that the new Company shall work the ground in a more systematic manner-and on a more extensive scale fhau hitherto, and it is confidently anticipated that with the aid of machinery, the mine will .prove remunerative to an extent -rearer than is the case with regard to many of the best reefing companies on the West Coast. The claim is commanded by an extensive and never failing supply of water at a high level, which can be brought on to the ground at a comparatively small cost, for working the battery. When increased labor has opened up the reefs there will be a supply of quartz sufficient to keep a heavy battery continually employed, - The road connecting the, reefs with the main Christchurch road has been finished by the Government, and every facility is now oiiered for the conveyance of machinery to this undoubtedly payable field. The promoters and shareholders in the present company have such confidence in the. remunerative nature of the ground, that they are willing to accept two thousand four hundred paid, up shares iu the new Company, iu full payment for the purchase of their entire right and title iu the lease,..for all labor already done, and expenses incurred, The promoters are assured that the undertaking will prove a complete success, and confidently express an opinion that the future operations of the new Company will materially tend to the development qf a very extensive track of reefing couutrv, "which, when opened up, must of necessity largely increase the .commercial prosperity of Hokitika, a s being- the nearest town and port to the goldfield. They, therefore, invite the attention of the public $o the present undertaking as a safe