Page 2 Advertisements Column 1

Poverty Bay Standard, Volume X, Issue 1189, 31 October 1882, Page 2 (Supplement)

PROSPECTUS OF THE - Champion Copper Lode Company, TV e i s o xi.

IO BE REGISTERED WITH LIMITED, LIABILITY UNDER THE “JOINT i STOCK COMPANY’S ACT.” } CfAPIT AL, £30,000 in 30,000 SHEARS z of £1 Each, with power to increase if. nccesjfuy, which is not probable, as the facili*_• tics for working the Mino arc remarkable ;• Ihe Copper Lode running up tho fiuo of (ho j Mountain to a considerable aliiludo, conse- . quently pumping gear will bo unnecessary for i a long time. I 2s per Share to bo paid on Application, la i per Share on Allotment, anti 2s per Share] three months after date of allotment. per cent will bo allowed to any person making : full payments of the 5s per share on application.) Calls not to exceed fid per Share as ; intervals of not less than one month, at . required. The principal Office of the Company will be at Nelson. PROVISIONAL DIRECTORS : F. W. Irvine, M.D. ; David Johnston, J.P P. B. Adams ; M. Davis ; 11. D. Jack i SON ; BfRCHAIID FrANZEN ; CaPT. W. | IL Webb ; R. S. Lucas ; F. Hamilton, (Buxton & Co.) ; A. D. Bayfield ; and J. Rociifort, C. E. i BANKERS:

The Union Bank of Austhalia, (Limited,) SOLICITORS : Adams and Kino don. Thia Company is formed for the purpose of' working the copper deposits within the lease to be transferred to tho Company, and more ' especially the copper lode known ns tho Champion Copper Lode, discovered in the ‘ mineral bolt near the head of Aniseed Valley , adjacent to tho junction of tho limestone and ! magnesian rocks, and running parallel with an Elvan dyke. This discovery has proved the [ opinion expressed by the late E. U. Davis,' the eminent Government Geologist, to bo correct, which will be seen by the following extract from Lis report on the geology of the ’’ Aniseed Valley District, Nelson, published in • the year 1871 I am fully convinced that there is a deposit of copper orc somewhere in ' the district, but the serpentine so completely | obliterates all indications of its locality that I it|is diffliult to como to any conclusion.” The bearing of the Champion lode is about, north-cast, with an apparent dip to tho east- ' ward. The ore consists of red oxide, grey ! orc, and carbonates, very rich in quality, ’ assays showing 30 to 80 per cent, of metal;' reins of native copper hare also been found plentifully running through the ore. The outcrops of orc aro found on tho face ■ of tho mountain, tho lowest outcrop being' about 55 feet from tho creek, and at an ole- ■ ration of about 40 feet. A cutting has been mado by the present proprietors a lit Lio above tho creek to the first outcrop, with tho result that the ore is under foot, and a face 25 feet 1 in height is now showing ore. The second , outcrop, about 40 feet from the first, continues for about 30 foot. The third outcro- i is about 65 feet from the second, and the • fourth outcrop about 50 feet- from tho tldrd there are various other indications of copperp showing the copper-bearing nature of tho I rock. The great extent of these outcrops ; | the rich quality of the ore ; the facilities of ; ford, and consequent cb.oapnoss in working ' the mine, render tho undertaking one of ex- ' ©optional value, I A very considerable quantity of ore can at| once bo obtained and brought into the market j as soon as the road can be completed to the | mine. The road at present used is about 15 j miles from the Hope Railway Station to the * copper outcrops, the first six miles being a • drav road, then a horse track for about six • miles, and the last three miles a foot track. • The present, proprietors have expended consi- ' eradblc time and money on the tracks.

The proprietors to receive 6,500 shares, and £l,OOO in cash, of which £5OO is to be paid j on the registration of the Company, and £5OO from the produce of tho mine ; 25 per cent. , of sums realised to bo devoted to this purpose 1 until the £5OO is paid.

The 800 acres of land to be transferred to the Company arc held by lease from the Crown for 21 years from the Ist January, 1882, with ■ right of renewal; also the right to the timber i ! on half the surface, which is abundant in . quantity and suitable for all mining purposes., | There is also a good supply of water on the J | ground for dressing the ore and for working ' machinery. Applications for shares to be made through j . tho Company’s Bankers in Nelson, or through 1 any branch of the Union Bank in tho colony. ‘ ' It is anticipated that the Share-list will be ■ . completed and dosed in a very short time, ' • when Directors will be chosen and operations ' I commence with vigord. j Applications for Shares must be made early ' of Mr H. E. Johnston, at the Wharf, who i has been appointed Agent. I At a Meeting of tho Provisional Directors ! held on Thursday, sth October, the following ; Resolutions were passed : — * 1. To add to th ej Prospectus that all (hoi