Page 1 Advertisements Column 5

Kumara Times, Issue 738, 10 February 1879, Page 1

l' i:o.-.p ctus TAll'o QUA IiTZ MININU 1 UOMI'ANY (Limit,:])). ARAHCIRA DISTRICT, COUNTY OF WR3TLAND. Capital: £ 10,000, in 10,000 Shares of £1 e...-|). Sixpence per share on application ; 6d. per share on all .fiucnt : and Cails not to exceed 6-i. per .share per month. PROVISIONAL DIRECTORS : ■Junes ]|..]ihhs, Esq., Ilokitika A. I, Kin-, Esq., M.('.<<., H kitika rhom.is <'ooke, Ksq.. IT kitka James P. arson, Esq., Ilokitika (ieorge Bath. K-q . ilokitika James Chosuey, Ksq., Hokiuka J sc;.h ('hui\he<, Iv.q Hokitika 11. Richardson Kae, Ksq., Hokitika t : l)arl( s Linuemann, K.-q., Hokitika flans J. Hansen, Ksq . Hokitika Tnomas Ha worth, Ksq., Ilokitika. BANKERS: The Union Bank of Australia. C. E. Button, Ksq. SECRETARY : J. E- Ciul.!e!b:il, pro torn. The object of the proposed Company is to work the lease of the Knlerpri-e Qn irtz Mining Company, Taipi. The claim is situated on Parry's Range, Arahnra Di-t'-ict, a'-ont seven miles from the Christcliiueh road, and thirty-seven miles fp.m H<ikitika. The claim contains an area of 20 acres, granted as a lease ro the present company by the ( Governor's Delegate. The prospectors have alre.ul- expended a sum of £I3OO in d.ivin tunnel, sinking a shaft,, and generally testing the ground. Two distinct and well-defined reefs have alre.idy been tesled in the claim one in the shaft and the other in the i mine;. They are about 200 fret apart; the average width is 3l't Gin an 2ft Gin. The stone is equal in lichness. 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 reef's, to >k place at the Bank of New Zealand, Mokitika, some time since and yielded at the rate of Ouzs Gd.vt 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 maimsr and on a more extensive scale than hitherto, and it is confidently anticipated that with the aid of machinery, the mine will prove remunerative to an extent greater than is the case with regard to many of the best reefing c .inpauies 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 Cluistchurch road has been finished by the Government, aucl every facility is now ottered 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 in the new Company, in full payment for the purchase of their entire right and title in 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 tne development of a very extensive track of reefing country, which, when opened up, must of necessity largely increase the commercial prosperity of Hokitika, as being the nearest town and port to the goldfield. They, therefore, invite the attention of the public to the present inur— <-■'-'"- -~ - --*-