Page 3 Advertisements Column 1

Te Aroha News, Volume V, Issue 259, 28 April 1888, Page 3

P.R O S P E C T U S ' ov Tin; r|IE A KOJJA UILVBII AND Q.OLD Tyf-JNINa /COMPANY (L [MIXED), ' •' '' \YAJORON(JOMAI,' NEW ZEALAND. CVI'LTAL: C 200,000, rx 200,000 Shajiks oi Cl Each. One bundled thousand (100,000) Shares, i«e>uecl as paid up to 15s each, to go t6 tLo piesent Tropri(>tor-. One hundred thousand (100 000) Shares to be ollered to the Public on the following lornis : — I''i-e Shillintrs (ss-) per SJiaio on application, <'iud Five »ShillinK« (.">b) per tShaii* on allotment. Thc-o Shares, on allotment, will be ls.-ucd as paid up to 15s each, and a 1 Sliaies will then lank alike. The anioijnt icalised by the issue of the -aid 100,000 Sluuo (£50,000) will be dealt with as follows :—: — Tho sum ot -C 29,000 cash to the or t^nal Owners of the Properties. Tlio balaucc (21,000), les.s expenses-, of fomidtion ot Company, broktrage, itc., to be placed lo theciedilof the Company as a working o ipilal. I'KOVIsIOXAIi JJIJ{K("J'OJ{S : \Y. Y. Mai (iIJRdOK, Melbourne. ; C. \Y. CtIAPMAX, Alelbourne. W. .JAMIKbON „ I \\\ It. WILSON, J. ■McCOSM CIiAUK. Auckland. X.Z. KoiiiciTOjss : MKbSHS. BLAKK & IJIGGALL, Queen-street, Melbourne Hamcjoks : HAiS'K OF KEW ZEALAND, Melbourne and Auckland Bkokkks : CHAPMAN & WAKLJCV, IVrelbourne. SicoKKTAur (j)ro. tcm<) : WAI. KNOX, 15, Queen street, Melbourne. ArcKXAXP Agi:>tt: 11. GILFILLAX, Jix., 75. Queen-street, Auckland. This Company is beincr formed for the purpose of acquiring the Battery Company's property at Waiorongmnai (Upper Thames, jS t . Z.), together with the New Find Mine, tho Silver King Mine, and various other Properties more particularly described in the subjoined reports. The New Jfind Mine has been a fair gold piodueer for some time past (over 26,000 ozs. bavin" been extracted), but very recently it was found that fche supposed, wall was a silver-bearing lode, fche value of which is shown by subjoined essay results. Mr. AW R. Wilson (a pro\isional diiector, and one of the vendors), has recently inspected the piopetty and its records carefully, and has formed a very high opinion of its value, the consideration paid by him for an interest being- C 29,000 in cash. The repoiLs, etc., by Mr. Adams, the manager of the mine for its former owners {.Me.ss.iK Filth and Clark), may be taken as absolutely truthful in every respect, and he leinain.s in char<re ot the property a general manager, having declined exactly double the .salary lie is now receiving to come to Austi alia, thus showing his belief in fche future of tlio mine. The amount at ciedit of the Company, nearly -C 20.000, will enable the directors to at once secuic the nio.st suitable additional plant and metallurgical skill for fche treatment ot Uie ore,->, and a vigorous policy of development will afc once be adopted. It may be ]joiu ted out that the \endors to this Company take no profit in ca.sh, being satisfied to await results and profits, to the obtaining of whirh their own and the dircccoi'h best efforts will be directed forthwith. ItKPOHT ON THE MINK »V Mli. U. If. ADAMS. Waiokoxcsomai, 26th March, 1888. 1 n vm',ll'o honour to iurnish you with the following Report on the Mines and deducing Work of the Jiuttery Company at "Waiorongomai, Upper Thames. The Reducing Works consist of a battery of 40 stampers in 8 boxes of 5 head each, stampers ueiirlun-j; 9001!>s : 59 herd an "3 3 feet 6 inches in diameter, with drays and all neee&sarv tfearinif; one 52-m<h White-Howcll revolving roaster, etc—this machinery is driven by live Pelton wheels and is thoroughly housed ; t\\ o water races capable of carry ,'nt; 13 sluice heads of water; alto a ritdit to (he Wairakau stream, which, when conveyed io jour present supply, will increase the amount ol water about-double at present running. The head ot water at the mills is 224 feet, and, where situated, commands a controhng position o\ or the To Aroha Gold fields. The distance from the Reducing Works to the part of thr-, mine known as the New Kind, now beinf? worked, is about two miles m length, with an clo\atiouef sixteen hundred feet. The mine and reducing works are connected by a tramway which was leased by the late Biittei\ Company from the Piako County Council for a term ot ten years, at a rental of one hundred pounds per annum. The cost of com pj ing ciinirb; over this tramway is two shillings per ton. and is constructed through heavily wooded country, and all firewood required at the works can be cut and delhercd for three shillings per ton. Below will be found a detailed in\ ontorv ot reducing works and trnmwaj . There arc about twelve thousand luntuuf tailings stacked afc the reducing works awaitin g treatment, lhe assay ■s alve being 25s per ton. and, w ith the present mode ot treatment. lea\ es a prolit of about 6s per ton. Your mining area consists, ol 178 1 , acres, which was held in the form of small claims of about 11\e acres caeh pieviousto a our pin chase. The total length on the main fissure vein is 147-. chains, which ciops out the whole distance, and m one place tally 600 feet in height; and 1 might mention that whoroanj A\oik lias been clone, gold and silver has been mci with. The \ein \aricstiom 10 to 40 leefc m width, and runs north and bouth, wilh a slight underlay westerly. There are also a number of branch veins, which lea\e tho main fissure vein on the cistern side, and their course is about north-cast, and vary m width from 10 to 2 feet. There are uh.o two veins lea\ inir the main fissure vein on the westerly side, and about 4 feet in thickness. The-e -\ ems run through a vei\\ favourable class ot country. and t?old l.as been obtained in all parts where the veins have been worked upon, and the amount or capital expended m prospecting tlic whole ot your property has been limited, and there is no doubt that further )>ios]i(jctinic will produce satisfactory returns. The low est level \\ oiked on the main vein is in the New Find juine. which is about 300 feet from the surface. There are now being driven two crosscuts to cut this part of the main vein a lurther depth of 150 feet, which will be seen on plan tinted yellow. A winze has also been started tiom the 300 feet level to connect with the new 450 feet Uvel, is now sunk about 10 feet, ane the stone treated from it has yielded 20/. ot bullion to Uie ton, valued at £2 13s per oz.. by tree milhnu process, without having been previously roasted, and feel certain that the treat ment hs'S not aiven moi c than 50 per cent, of the assay value. " l The New Find Mine was worked by the New Find Com pan v up to the end of last year, when it was purchased by the Battery Company. The New Find Company worked only the free milling poition ofthe main vein, leaving all refractory oie standing. After the Battory Company bci nine propuctois,, Tgot drill holes thiough this retract oiy ore at different points for a distance ot 150 feet in length on the main vein. Attached is a copy of assays made from the borings of thcfce di ill holes, and judging from what work has been done, this deposit varies from 10 to 3 tcet in thickness, and is much higher in value in the 300 feet level than above, and also more retractory. and ha\ c discovered a similar class ol ore on flic surface at the extreme northern hnni'd.m of ,\ our propci ty. Copy ot assay wine marked •"Tleio ' is attached. Your piopcrty possesses great natural advantages tor mining operations, as it can be worked upon tor a depth of 1,600 Im-t b> tunnels and natural dunnage. The «urtacc, being heavily wooded, holds <i cla-s ot timber suitable for mining purposes, and T teel Quite sure that, when properly prospected and opened up. and the neccssarv machinery procured for the successful treatment ot the ore. it will prove a very profitable investment, and return a satisfactory interest on the capital extended. The amount ot stone treated at a our reducing works up to date is 29,161 tons, yielding 26.4100/. ol gold, \ alucd at about i.2 14s peroz.: also the \alue of the taihngb remaining untreated 1 estimate should add to the above returns. 1 ha\ c the honour to be Sir. Your most obedient scr\aul, 11. Tl. ADAMS. Manager. j V \i,no I'm? To.v „,,e i Ahne j ° f j j Cold. Silver. Total, j Value. 1887. I o/. riwt.| o/,. dwl. ov.. dwt. I t s. d I leu 29 ! Nkw Find. ' Base Mineral. . 1 15 i 43 5 45 0 14 18 41,4 1 , .. 21 .. „ 2 0 47 0 49 0 16 12 6' „ 29 .. ..1 5 32 15 34 0 10 19 9 1888. i „ i Jan. 7 I .. 2 0 45 166 47 166 1 16 8 6\ 7 . , 4 16 164 <\ 169 0 48 17 11] , 7 :. - 3 0 9 5 12 fi 13 14 5| 7 „ .. . 1 5 20 15 22 0 i 817 9 ..10 . .. j "I 16 62 9 64 5 18 9 10i , 10 | i 3 10 1b 16 79 6 j 27 ]9 6" 11 I „ '2 12 6b 16 39 8 ' 17 7 3 1] .. „ i 2 0 26 0 28 0 i 12 19 0 .. \2 „ „ s ] 0 10 0 11 0 , bl9 0 14 „ .. ' 1 16 ! 35 10 37 6 I 13 15 51,5 1 , .'. 14 .. .. i 1 4 . 37 16 39 0 11 13 li „16 „ ' .. ! 0 4 316 4 0 110 li , 16 . „ i 0 8 ]0 4 10 13 3 9 3" .', ]6 .. i „ | 1 4 15 IP. 17 2 716 4 „ 16 .. ; .. 0 14 911 10 5 412 2\ 19 .. ' ' .. 1 4 20 13 21 17 9 3 0' r " 19 „ ' .. j ] 6 ' ?2 4- 33 10 11 ] io 1 . 27 „ .. | 2 U ; 60 0 62 0 18 18 0" Match 4 "llkko.' »'l his sain pie isfiom Ihcex-j 1 5 32 5 33 10 10 11 0 frenionorlhbouiid"rj oi umipiopoilj.j I • I inOPOKT OX .SILVIO U KIXU MINK. W\iouonm;omai. 26th March. 1838. I it \\ ii. the honour to icport on tho mining proporl\ known as lite Silver King. The ground comprises about fifteen acies, and is situated on the topof the second self -noting gi.ide of the tramway, known as Butler's cJpur. The root in this property lias been prospected for a length of 1,100 feel, and \ nrics in, width fiom six to sixteen feet, showing bilver and gold in evor.s place where worked upon. AlistoC assays made is attar-bed. A crosscut is now being driven to cut the reef down a distance of about 60 foet, which may be expected to be reached in the course of a month. Another reef appears on the western portion of the ground, which is about six feet wide, earrving gold and silver. Tlic mine has excellent natural facilities for working, being easily connected with the present tramway. The .surface, being wooded, has the necessary timber for mining operations. t have tho honour to be, Hir, Your mo -t obedient servant, 11. H. ADAMS, Manager. . . I Vai,uk tick Tox. ™<- | J)C lanff ° L ! -. j ~ i , Gold. Silver. Total, j Value. . iB«S. - o>.. dwl. oh. dwt. osc. dwt. € s. d. Feb. 2 Sii.vku Kino. MincralDirl. 3 0 33 0 36 0 18 17 6 „ 7 „5 10 131 10 137 0 46 2 3 „7 „ „ 10 12 0 13 0 „6. 6 0 „ !) „ „ 3 10 65 0 ' 68 10 26 ,1 ,0 „ !) „ „ 3 10 68 10 72 0 26 13 3 „11 „ „ 5 10 131 10 137 0 46 2 0 „ 11 „ „ ,10 12 0 13 0 .6 6^o^ „ ( 2S „ „ 2,0, 34 0 36 0 14 1 3 , Mar. 2 „ - „ 3f 0 24 0 27^ 0 ! 16 18 0 . . __ , , , . --^ r - . ~_g AH details required, together Avith full inventory aid particulars of. titles, &'c., mayiDot nsiicetcd at the Secretary's oliiCiC. > s' v '|if^ Mu'i'H.—T. ho above is printed Cor ivublie inlonnalipn only, us all fchc- bhurcs are allotte-d.