Page 6 Advertisements Column 1

Te Aroha News, Volume V, Issue 262, 9 May 1888, Page 6

PROSPECTUS OK THK fTIE AKOIIA Q]LVER AND OLD TtTININC} pOMPANY (LIMITED), WAIORONGOMAJ, NEW ZEALANI>. CM'ITAL: £200,000, in 200,000 Shaju s oi Cl Kacu. One hundred thousand (100,000) Shares, issued as paid up to 15s each, to go to the pie.sent Proprietors. Ono hundied thouKand (100,000) Shares to be oflered to the Public on tho following terms :—: — Fi/e Shillings (ss) per Share on application, and Five Shillings (.Is) per Share on allotment. These Shares, on allotment, will bo issued at, paid up to 15s each, and all Shaies will then rank alike. The amount realised by tho issue of the said 100,000 Shaies (£50,000) will bo dealt with as follows -.—. — The sum of £29,000 cash to the original Owners of the Properties. The balance (21,000), lesscxpen-esof formation of Company, brokerage, &c., to be placed to the c.iedit ot the Company as a working capital. T'KOVIbIO.NAL DIKhCTOR& : W. P. Mac'CRTO SOI {.Melbourne. i O. W. CHAPMAN, Melbourne. W. JAMIKSON . I W. li. \\ LL.SUN. .1. lUcCOSII CLARK, Auckland, N.Z. Solicitous : MKSSWH. HI.AKK ie KKJGALL, Quei-n-stitc . Melbourne.JiVMCKHS : IJA^K OF NKW ZKALAxN'J), Melbourne ami Auckluml JJhokl'.kr : CUAPaIAN 6c WAKLKV, Melbourne Skckktauv ()iro. tern.) : \VM. KNOA, In. Queen street, Melbourne. At CXI, VNTJ A&l-A'T : 11. (JILKILLAN, .li n.. 70, Qucen^treot. Auckland. This Company isboinjr formed for the purpose of aujuiiinti tho JJattory Company's piopeity at W.iioiongamai (Upjjfcr Thames, N. Z.), together with the New Find Mine, the Silver King Mine, and various other Propcitio mot's paiticuLirly desciibed in the .subjoined repoits. Tho New Find Mine has been a fail gold pioducei for some time past (over 26,000 ozs. having been extiacted), but \ei> lecently it was louud that the supposed wall was a silvcr-beaiing lode, the value of winch iV shown b\ subjoined o>saj tesults. Mr. \\\ R. Wilson (a pro\isional duector, and one of tho vendors), has recently inspected tho piopeity and its recoids carefully, and has formed ,i uuy high opinion ot it* value, the cousideiation paid by him ioi an inteit.st being £29,000 in cash. The repot ts etc., by Mr. Adams the managei ot the mine tor its former owners (Messis Fnth and Claik). may be taken as absolutely tiuthtul in eveiy lespect, and ho remains in charge of the propei t\, a managei, having declined exactly double the salary he irf now receiving to comcio Austialia, thus^hovving his belief in the future of the mine. The amount at ciedit of the ( ompany, nearly £20,000, will enable the directors to at once pecuie tlie niost suitable additional plant and metallui^ical skill for the tieatment of the oies, and a \iixoious. policy of development will at once be adopted. It ma) be pointed out that, the vendors to this Company take no piolit in cash, being satisfied to await results and piolits, to the obtaining of which thcii own and the dheccor's be3t efloits will be directed forthwith.

j REPORT ON THE SUNK BY MR. 11. 11. ADAMS. Waioko\(,()m \i, 2»lh Marcli, 1888. I h \vk t! c honour to furnish you with the following Report on the Mines and Reducing Work ofthcUattoij CoiniMii) at Waioronjjjomai, L'pper Thames. | The Reducing Works consist ot a battery ot 40 stumpers in 8 boxes of 5 head each, stampers I weighing 9001bs ; 59 bei dans 3 feet 6 inches in diameter, with diauound all tn.ctfcs.iry "earingone 52-meli White-How ell revoking roaster, etc.— this machine i\\ n> dm en bj live Pelton wheels and is thoroughly houbed ; two water i aces capable of can ring 13 sluice Heads of waterI tiho a right to the \\ airakau stream, which, when conveyed 10 jour pitsent supply will increase the amount of water about double at parent running. Ihe head of water at the'mills is 224 teei. and.v». v» here situated, commands a eontroling position ov er the Te Aroha Geld fields The distance from the Reducing Works to the part of the mine known ab the Xpv Fiii'tl now being worked, is about two miles in length, with an elevation of sixteen hundred leet The mine and reducing woiks are connected bj a tramwaj winch was leaseu by the late Batter\ Compunj Irom the Piako County Council for a term of ten year-,, at a rental of one bundled pounds per annum. The cost ot convej ing quarts over tbib trauiwaj is two shillings i per ton, and i.s constructed throuKh hea\ dy wooded country, and all firewood required at the [ \v oiks can be cut and delnered for three slulbngb per ton. Below will be found a detailed mvontotv of reducing works and tramway. There aie about twehc thousand tons ol tailings stacked at the reducing works awaiting treatment, the a-^ay value being 25s pei ton, and, with the present mode of treatment, leaves a ! profit of about 6s per ton. Your mining area consists of 1781 acres, which was held in the loim of small claims of about fhe acres each pro\ ions to j our purchase. The total length, on the main u\-inu aem isJ47] chains, which ci ops out the whole distance, and in one place fully 600 feet in height- and J might mention that wheieanj work lias been done, gold and silver has been met with' The vein \aries fiom 10 to 40 foil in wulUi, and runs north and south, with a slight underlay wcateily. Theie al e .ilso «i lminber of branch veins, -which lea\ c the main fissure i ei-i on the eastern side, and their com so is about north-east, and varj in width fiom 10 to 2 feet. There are also two \eins leasing (lie mam fissure vein on the westerh side, and about 4 feet in thick - i ness. These veins run through a very ta\ ourable ( lass of count ij , and gold has been obtained in all parts where the -wins have been worked upon, and the amount of capital expended in I prospecting the whole ot lorn property has been limited, and there is no doubt that iurther prospecting will pioduec satisfactory returns. '. The low est lc\ el woi ked on the mam \ em is in the New Find mine, w Inch in about 300 feet i fiom the surface. There aie now being dm en two ciosscuts to cut this part of the main vein a further depth of 150 feet, which will be seen on plan tinted >ellow. A wm/e has also been started fiom the 500 feet level to connect with the new 450 feet h vel, is now sunk about 10 feet une the stone treated from it has yielded 20/. ot bullion (o the ton, valued at £2 13s per o/., by lrce milling pioeess, without ha\mg been previously roasted, and feel certain that the treat ment has not gn en more than faO per cent, ot the assay \ alue. The New Kind Mine was worked by the New Find Companj up to the end of last rear when it was purchased by the Batterj Companj. The New J<ind Company worked only the free nulling portion ot the main a em, leading all refractory oie standing. " After the Battery Company became proprietors. 1 got drill holes through this refractor} ore at diticrent points for a distance of 150 feet m length on the main vein. Attached is a copy of assays made from the borings of theso drill holes, and judging Irom w hat w oi k has been done, this deposit \ aries from 10 to 3 feet m thickness, and is much higher in value m the 300 feet le\el than above, and also more refractory, and have diseovei ed a similar class of ore on the surtai c ai the extreme northern houndar} ol jour propcity. Copj of as'-a.N alue marked "hcio "is attached. Your pro'pert j possesses great natural ad\ antages tor mining operations, as it can be worked upon lor a depth ot 1,600 leet b> tunnels and natuial drainage. The <-uriace, being heavily wooded, holds a class of timber suitable for mining purposes, and 1 teel quite sure that, when properly prospected and opened up. and the necessary machinerj procured tor the successful treatment ot the ore. it will prove a wvy prohtable investment, and letum u satisfactory interest on the capital expended. The amount of stone tieated at jour reducing works up to date is 29,161 tons, yielding 26.4100/ oi' gold, valued at about £2 14s per o/.; also the value of the tailings remaining untreated 1 estimate should add .U 5.000 to the above returns. ] ha\ c the honour to be. Sir. Your most obodieiif sonant, 11. If. .\DVMS. Manager.

i V\M'i; pkh Ton. „ . at;,,, Description of ! , Date. Mine. j San \ plc . ; — j | Gold. silver. Total. Value. 1887. oz. (h\t. o/ ihvt. oz. dwt. €s. d. Dec. 29 Ni',\v Fi\i>. Base Jhner.il. 1 1.) 43 b 45 0 14 18 a\ „ 29 „ ' „ 2 0 4? 0 49 0 16 12 6" „ 2l)2 l ) ! 1 t> 52 \b 34 0 10 19 dl 1888. Jan. 7 .. I „ 2 ° 45 16"6 47 lb'6 16 8 6* „7 .- 4 lo i 164 4 169 0 48 17 ill „ V .. , 3 0 9 h 12 5 13 14 ~bi „7 „ 1 h ' 20 15 22 0 817 9* „ 10 ! 1 H 1 j 62 9 b4 b 18 9 10* „ 10 „ , „ 3 10 ! To lo 79 6 27 19 6" „ 11 „ ' „ 2 12 oo 16 59 S 17 7 3 .. 11 „ .. 2 0 20 0 28 0 12 19 0 „12 „ ! .. 1 0 10 0 11 0 bl9 0 „ 14 „ 1 16 ' Si 10 37 6 13 lb 5] „ 14 -. „ 14 37 10 39 0 11 13 U „16 „ , „ 0 4 016 4 0 110 li „ 16 ,• „ 0 8' 10 4 10 13 393" „ 16 „ 1 1 lb IS 17 2 716 4 „16 . ' „ 0 14 0 11 10 b 4 12 2i „ 19 „ „ 1 -) 20 15 21 17 9 3 0i „ 19 „ 1 (> 32 4 33 10 1] 1 lot „ 27 „ • ' 2 0 60 0 b2 0 18 18 0" M.irth 4 "Niiuo."— This sample is from (licex-j 1 b 62 b 3o 10 10 11 0 lirniciioi'tliboiiiurryof j ourin'Operfj'.

HEPOHT ON STLVER KING JUNK. Wviokoxgomai. 26th March, 1888. I have the honour to report on the mining property known us the Silver King. The ground comprises about fifteen acres, and is situated on the top of the second self-acting grade of the tramway, known as Uutler's Spur. The reef in this property has been prospected for a length of 1,100 feet, and varies in width from six to sixteen feet, show ing silver and gold in ovci.\ place whore worked upon. A list of ! assays made is attached. A crosscut is now being driven lo cut the reef down a distance of about 60 feet, which may be expected lo bo reached in the course of a month Another reef appears on the western portion of the ground, which is about six feet wide, currying gold and silver. Tlie mine has excellent nnturnl facilities for workii g, being easily connected with the present tramway. The surface, being wooded, has the necessary timber for mining operations. I havo the honour to he, Sir.

Your most obedient servant, IL H. ADAMS, Manager, — ( - - - - - . ... ,' ... . Value vku Ton. n...., Minn I description oE Dale. Mine. j Siunple. -- - - j Gold | Silver. Total. Value. 1888. o/. dwt. oz. dwt. o'/.. dwt. £s. d Feb. 2 Silver Kino. Mineral Dirt. 3 0 33 0 36 0 18 17 6 „ 7 „ „ b 10 161 10 137 0 46 2 3 „7 „ „ I 0 12 0 13 0 6 6 0 „ 9 „ „ 3 10 65 0 68 10 26 1 0 „ 1) „3 10 68 10 72 0 26 13 3 , 11 „ „ 5 10 131 10 137 0 46 2 0 „11 „ „ 1 0 12 0 13 0 6 6 0 „ 23 „ >. 2 0 34 0 36 0 14 1 3 Mar. 2 „ „ 3 0 24 0 27 0 16 18 0

All details mjiiircrt. together with full inventory mil jiarticuhm. of titles, &c, may b usiicctcil at the Secrctarj'sofllcc. Note.-— The above is vvmteil lovlyuiblic mloviuation onlj , ab all the bhart-t, arc allotted.