Page 1 Advertisements Column 5

Kumara Times, Issue 739, 11 February 1879, Page 1

, i ' r '■•‘Ot a s " i OF THE ! rr\ AIP () QUA\i T Z MINI N<i ■| 1- COMPANY (Limited). H; ARAHORA DISTRICT, COUNTY OF 1 ! WESTLAND. \ | Capital, : Ddo.OOi); in 10,000 Shares ut .£1 each. ; x l’ e . l * c< M ; ,er .sli.iuv.oii application ; 60] P'.’i' *liare on iill.-tmeiiC ami Gails lint, to exceed 6.i1, per share per uionth, : ' . PROVISIONAL. DIRECTORS •• 1 Janies n.. lines, Esq., Hokitika A. i U Ring, Esq., -,M.G.a,. Hvkitfik Thomas J .’uoke, J'.sq;,, .Hokitika j• 1 f Janies. Rearson, Esq., Hokitika* ; .1 ; A«e()rgt;,B.i.th, Ksq., Hokitika . ; , James Chesney, Esq.pHokitika, ; • Joseph Churches, Esq.. Hokitika ‘ I H. Richardson Hae, Esq., Hokitika Charles Linnemann, Esq.,- Hokitika. Hans J. Hansen, Esq.,.HokiliL:a ; Thomas Haworth, Esq., Hokitika. ; f V ■’ .'Bankers r v.y ■; ! b The Union Bank of Australia. 3 • -V SOLICITOR :-D .; ’: , ;C. E. Button, Esq. ;; i secretary':; ; , •- ■ J- E-; Cfiddefoijd, pro tem,' ■ ’ v The object of the pi’oposed Company is to work the lease, of the Kuterpri-d .Quartz : >Miuiug Company, Taipp... ; The claim is situated ,nu Barry’s •^ K n£T> ‘ Atahnra jDisti let; - a'on t ; seven .mites from the Clp:istchurch:road, ;and thirty-seven Hokitika. • ' The claim contains .an .area of granted as g, lease to tile present company, hy tho. Governor’s Delegate. The ’ prospectors ' have airead/ exi j. pended'a sulii bt =£lsoo in diiving a tunnel, sinking a shaft, and generally • testing the >gibuud, ... i Dr - 3 Two distinct and well-defined reefs j have already been tested iu the okim=--> one-ia. the .shaft and the other in I the tuque!. , They are about 200. feet apart: 3 Hie average width 3ft fiia an 2ft Qfilf The stone 4& •equal in ti<jhneks. The tannel 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 iu the shaft. .. - C A trial crushing of about eight hundred , weight of stone and rubble, takeu froth both reefs, took place at the > Bank of . Hew Zealand, Hokitika, some time since and yielded at the rate of sozs 6dwt to the ton. . The payable quantity of the st&ne having been thus satisfactorily proved, t it is proposed that the new Company shall work the ground" in a more systematic mainior 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 tq many of the best reefing companies oil the West j 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 bat- > tery. When increased labor has opened up the reefs there will be a supply of quartz sufficient to keep a heavy battery i tinually employed. fl The road connecting the reefs witrr the main Christchurch road has .been finished by the Government, and every facility is now ottered for the conyeyl ance of machinery. tOj this undoubtedly i 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 twd 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 the 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, there- ? fore, invite the attention of the public tp„ present undertaking as a safe