Page 1 Advertisements Column 5

Kumara Times, Issue 742, 14 February 1879, Page 1

riiosi> ctu.s TAll") QUARTZ MTN LN cj L COUIW.N Y (U.UITKIIL ARAIIUiIA DFBTRICT, COUNTY OF WESTLAND. Capital : £IO,OOO. in 10,000 Sir.uvs of .£1 e.u-1). Sixpence per share on application ; Gd. per share on {ill-'tmont ; and (j;tils not to exceed Gd. per share per month. PROVISIONAL DIRECTORS : James ll.dines, Esq., Hokitika A. L. King, Esq., M.C.C., H kitika Thomas Cooke, Esq., Hokitika James Pearson, Esq., Hokitika George Bath, E<q., Hokitika James Chesney, Esq., Hokitika Joseph Churches, Esq., Hokitika H. Richardson Kae, Esq., Hokitika Charles Linnemann, E o q., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Haworth, Esq., Hokitika. bankers: The Union Bank of Australia. SOLICITOR : C. E. Button, Esq. SECRETARY : J. E- Cuddefoid, pro tem. 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, Arahura District, seven miles from the Christen iw oh road, and thirty-seven miles from Hokitika. The claim contains au area of 20 acres, granted as a lease to the present company by the Governor's Delegate. The prospectors have already expended a sum of £ISOO in driving a tunnel, sinking a shaft, and generally testing the ground. Two distinct aud well-defined reefs have already been tested in the claimone in the shaft and the other in the tunnel. They are about 200 feet apart; the average width is 3ft 6in an 2ft 6iu. The stone is equal in richness. 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 soale than hitherto, and it is confidently anticipated that with the aid of maohinery, the mine will prove remunerative to an extent greater 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 failiug supply of water at a high level, which can be hrought an to the ground at a, oompara, tively small cost, for working the battery. When inoreased labor has opened up the reefs there will be a supply of quartz sufficient to keep a heavy battery continually employed. The road oonneoting the reefs with the main Christchurch road has been finished by the Government, and every facility is now offered for the conveyance of machinery to this undoubtedly payable field. The promoters and shareholders in the present company have such coufidenoe 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 the development of a very extensive track of reefing country, which, when opened up, must of necessity largely inorease the commercial prosperity of Hokitika, as being the nearest town and port to the goldfield. They, therej fore, invite the attention of the pubiic to. the present undevtaking as. a. safe