Page 1 Advertisements Column 5

Kumara Times, Issue 770, 19 March 1879, Page 1

FROSP K C T U S rpAIPO QUARTZ MINING 1 COMPANY (Lijhtkd). ARAHURA DISTRICT, COUNTY. OF WESTLAND. Capital: £IO,OOO, in 10,000 Shares of ,£'l each. vSixpence per share cm'application ; 6d. per share on alhrtrnent; and Calls; not to exceed 6d. per share per month. „ PROVISIONAL DIRECTORS : j James Holmes, Esq., Hokitika \ A. L. King, Esq., M.C.C., Hokitikaj Thomas Cooke, Esq., Hokitika James Pearson, Esq., Hokitika George Bath, E*q., Hokitika James Chesney, Esq., Hokitika Joseph Churches, Esq., Hokitika ! 11. Richardson Rae, Esq., Hokitika Charles Linnemann, E.sq., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Haworth; Esq., Hokitika. : " .' bankers : : The Union Bank of Australia. SOLICITOR :• C. E. Button, Esq. , ; SECRETARY : J, E- Cuddefojdv'pro tern. ! t 'he object of the' proposed Company: is #ie';leaVMof''thfe KuterpWe. Quartz Mining Company, faipo. ! RWge, r Arahiira ; Distiiot, al>6ut sevW miles from the Christchurch road," and frumrlHokitika. The claim con talus aiT 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 distiuct and. well-defined reefs have already been tested in the claimone in the shaft and the other in the. tunnel. They are about 200 feefapart; the average width is 3ft 6in an 2ft 6in. The stone is equal in lichness. The tunnel has been driven 150 feet, and the shaft is now down. 30 feet. It is proposed to extend the tunnel so to strike the reef which is being worked in the shaft. A trial crushing of about eight hundred weight of stone and rubble, taken froni both reefs, took place at the Bank of New Zealand, Hokitika, some time since and yielded at the rate of Oojss 6dwt to the ton. The paj'able 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 extrusive scale than hitherto, and. it is confidently anticipated that with the aid of machinery, the mine will pi-ove 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 failing supply of water at a high level, which 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 keep a heavy battery continually employed. The road connecting the reefs with the main Christchurch road has been finished by the Government, aud every facility is now ottered for the conveyance of machinery to this undoubtedly 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 two thousand four hundred paid up shares in the new Compauy, in full payment for the purchase of their entire right and title in the lease, for all labor already done, aud expenses incurred. The promoter's 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 reeling 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, therefore, invite the attention of the public to- the present undertaking as a. safe