Page 1 Advertisements Column 5

Kumara Times, Issue 745, 18 February 1879, Page 1

P R O s l> K (J T U 8 rpAIPO QUARTZ MINING I COMPANY (Limited). ARAHURA DISTRICT, COUNTY OF WESTLAND. Capital: £IO,OOO, in 10,000 Shares of .£1 en eh. Sixpence per shave on application ; 6d. per share on allotment; and Calls not to exceed 6<l. per share, per uionth. PROVISIONAL DIRECTORS : James Holmes, Esq., Hokitika A. L. King, Esq., M.C.C., Hokitika Thomas Cooke, Esq., Hokitika James Pearson, Esq., Hokitika George Bath, E-q., Hokitika - James Chesney, Esq., Hokitika • Joseph Churches, Esq., Hokitika H. Richardson Rae, Esq., Hokitika Charles Linnemann, Esq., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Haworth, Esq., Hokitika. bankers: The Union Bank of Australia. solicitor : C. E. Button, Esq. SECRETARY : J. E- Cuddeford, 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, Arahura District, seven miles from the Christchurch road, and thirty-seven miles from Hokitika. 1 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 ex- , pended a sum of £ISOO in driving a J tunnel, siukiug a shaft, and generally ' testing the ground. 3 Two distinct and well-defined reefs 5 have already been tested in the claimsone in the shaft and the other in the tunnel. They are about 200 feet apart; J the average width is 3ft 6in an 2ft 6in. 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, k it is proposed that the new Company shall work the ground in a more systematic manner and on a more extensive scale than hitherto, and it is confidently anticipated thftt with, the aid of machinery, the mine will prove remunerative to an extend greater than • is the cavse with regard to, many of the best reefing companies on the West j Coast, Tl\e claim, is commanded by an extensive and never failing supply of water at a high level, which can be brought an 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 con.- > tinually employed. The road connecting the reefs with the main Christchurch road has been • finished by the Qoverntnent, and every facility is now oftered for the convey--1 ance of machinery to this undoubtedly \ payable field. b The promoters and shareholders, in the present company have such confidence in, the remunerative nature of the ground, that they are willing to ac- - cept two thousand four hundred paid up shares in. the new Company, in full payment for the purchase of their ent tire right and title, in, the lease,, for all lahor already done, and, expenses incurred, The promoters are assured tha,t th,e undertaking will prove a complete ~ success, a,nd confidently express an ! opinion that the future operations of the new Company will materially tend to. th,e development of a very extensive track of reefing country, which, when opened np, must of necessity largely increase the eom.m.ercial prosperity of ]jlok.i,tika, as being, the nearest town :, and port to the goldfield. They, ther,e-, ? invite the attention of the public to, the. present undertaking as, a, safe