Page 1 Advertisements Column 5

Kumara Times, Issue 766, 14 March 1879, Page 1

‘e oVfE'gt'u & OP THE S riIAIPO QUARTZ MINING 1 ; ! ' COMPANY v i ! s ARAHURA DISTRICT, COUNTY OE ii 'WESTLAND;'- P.’-‘T i Capital: £IO,OOO, iul0;00(b Shares] of £1 each. • , 1 Sixpence per sharp on application ; fid. per share on allotment • and Calls , not to 1 exceed fid. per share per month/ ' • ■ J ; PROVISIONAL DIRECTORS : ' James Holmes, Esq., Hokitika •, i A. L. King,; Esq., M.C.C., Hpldtika Thomas Cooke, Esq., Hokitika f James Pearson, Esq., Hokitika George Path, Esq., Hokitika ' James Chesney, Esq.,,Hokitika '• Joseph Churches, Esq., Hokitika H. Richardson Rae, Esq., Hokitika Charles Linnemanri, Esq,' Hokitika Hans J. Hansen; Esq., Hokitika Thomas Haworth, Esq., Hokitika. j bankers i' • t The Union Bank of Australia. 5 solicitor ; dE. Djut.toii,;EsqK:, i: ■{ 5 f ; Secretary i J. E- Cuddefoid, pro tehi. ’ The object of the proposed bompany is to= work the lease of the 1 Enterprise Quartz Mining CompauyjiTaipo. The claim is .situated on Parry’s Range, lArahttra H&tiidt, ttbhtßZtfeven miles from the Christchurch road, and thirty-seven f miles front Bdkitika. /, j ’ The claim contains an area of 20 acres, granted-as a lease to the present company by/the GoverWor’e Delegate. The prospectors have already expended a sum'iofl£l6oo in driving a tunnel, sinking a shaft, and generally " "Two" distihct And' welMefined reefs 3 have the claim-f one in the shaft ana the other in the tunnel. They are-about 200 feet apart; a the average width|is 3ft 6in an 2ft; Oin. TKd is e^tfann'richn^V 21 >xx( ’ The tunnel bgg'fcegn driyen 150 feet[ j and the shaft is now down 30 feet. Ik : is proposed to extend the tunnel so as j to, strike: the reef. wMch,.is being worked j in the.shaft. . . “ , ;);n . i j A trial crushing of about, eight I hundred weight of stone ; aiid nibble, taken from both reefs, took place J at ; the j Bank of New Zealand, Hokitika, some tim,e singe and; yielded ;at the; rat^i of sozs fidwt to the ton. I f i The payable; quantity: : of the stone haying been thus satisfactorily proved, t it is proposed that 1 fbe rieW l i Company | fjhajl work 5 .the fp-.a ? more systematic manner and * oh a ! , ix- ■ tensive scale than hitherto/\nd IIT is confidently anticipated that..with .the aid ; of machinery, the mine wiil pfoVe rempperatiyc: tq' than ■ is the case with regard to many of the, ' best 1; reefing : ‘ comhaniea on J th¥ ’"West p Coast. ■ 'vo -i.' .TZAiH) | The claim is commkhde’d by’ah extensive and never • supply’ of water at a high level,’’which can be brought on to the-ground at a com para*-, ■tively small cost, for" working the -bat- ► tery. | When increased labor has opened up the.reefs there will Be a siipplyrnf quartz sufticieut to keep a heavy battery conl tiunally. 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 convey--1 ance of machinery'to this undoubtedly i payable field. 3 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 Tor the purchase .of their eni tire 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 to the present undertaking as a safe