Page 1 Advertisements Column 5

Kumara Times, Issue 763, 11 March 1879, Page 1

riIAIPO QUA 11TZ M [NINtJ 1 Company (Limited).' ARAHURA DISTRICT, COUNTY OF WESTLAND. Capital: £lo,oDorin 10,000 Shares: of £1 each. .. ~ ■. ! Sixpence per share on application ;H&. per share on allotment- and Calls; not to exceed.6d. per share peri month. PROVISIONAL DIRECTORS : i James Holmes, Esq., Hokitika j A. L. King, Esq., M.C.C., Hokitika! Thomas Cooke, Esq., Hokitika ■ : James Pearson, Esq., Hokitika George Bath, Esq., Hokitika i James Chesney, Esq., Hokitika \ Joseph Churches, Esq., Hokitika 11. Richardson Rae, Esq., Hokitika Charles Linnemann, Esq., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Ha worth, Esq., Hokitika. BANKERS: The Union Bank of Australia. solicitor: C. E. Button, Esq. '.'"■, secretary : J. : E- Cuddefoi d, pro tern. The object of the proposed Company is to work the iease of the Enterprise Quartz Mining Company, Taipo. The .claim is situated on Parry's Range, Arahura Distrust, al'out seven miles from the Christchurch road, and thirty-seven miles from Hokitika, '■[ The claim contains an area of 20 acres, granted as a lease to the presents! company by ; the..ppvernor!s | The prospectors' ; have 1 already ex- ! pended a sum in driving a! tunnel,,sinkingva shaft,- aird generally'' testing the ground* Two distinct I and. well-defined; ..reefs have already been tested in the claim—one'in; tire-shaft-; and theotlrerin the tunnel. \ They are riboiit 200 fret npM • the average width is 3ft 6in an 2ft 6ni. The stone is equal in richness. The tnnnel has been driven 150 feet, and the shaft is no\v down' 30 feet-• It is proposed to extend the tunnel so as to strikethe reef yehich 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 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 compauies on the VVest Coast. The claim is commanded by an extensive and never failing supply of water at a..high level/vwhiph-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;kee'p 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 ottered for the ; conveyance of machinery to this undoubtedly payable field. The promotei'B and shareholder's in the present company have such confidence in the remunei'ative 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 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 traek 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, thevel fore, invite the attention of the public to the present undertaking as a safe