Page 11 Advertisements Column 2

Sun (Christchurch), Volume I, Issue 84, 15 May 1914, Page 11

Capital: £IIO,OOO in 220,000 Shares of 10s. each 110,000 of these shares are issued fully paid to. the present, owners of the property. The vendors do hot receive any cash as part payment of the property. 110,000 shares are offered for public subscription on the following terms: 1/- per share on application; 1/- per. share on allotment; balance' in calls of not more than 1/- per share, and at intervals of not less -than tvro months. DIRECTORS. - ALPHONSITS TEMPEST, Settler, Auckland. ■ AKCII. A. DONALD, Grain Merchant, Auckland. DAVID WHYTE, Broker, Hastings. Other two directors will be selected by the above three. The above Directors will hold office till the Annual General Meeting of the Company, to be held in 1915. BANKERS: The National Bank of New Zealand, Limited. SOLICITORS: Messrs Devore, Martin, and Prendergast, Auckland. , . SECRETARY: J. B. Sheath, Imperial 'Buildings, Queen Street, Auckland. BROKER: David Wliyte, Hastings, Hawke's Bay. The objects of the Company are to acquire from , the Silverstream Mines, Limited, all its mining properties, machinery, plant, and chattels. (1) Silverstream Quartz Claim. (2) Advance Quartz Claim. (3) Water Races. (4) Special Sites (Machine Sites). (5) Special Sites .(Battery Sites). BATTERY: The vendors also hold airoption to purchase the late Waitikauri Extended Company's battery, at present erected on the vendors' property, at a nominal figure (£1100), which will effect a saying to this Company of approximately £BOOO. SITUATION: The properties are situated in the Ohinemuri District, nine! miles west of Hikutaia Railway Station, on the ThamesrPaeroa Railway,! Hauraki Peninsula, near Auckland. Access to the properties is by a good dray' road, metalled, and having an easy grade. THE REEFS: There are four reefs, proved by mining.on the property, arid comprise two classes, viz.: (1) Silver Telluride (Hessite) and Gold; (2) Silver Sulphide and Gold. The principal reefs are known as tlie '■ Queen" and "Julia" (Silver Telluride and Gold}, 7 feet G inches wide, and yielding ore worth £ll4 per ton downwards, and the"" Camoola" reef (Silver Sulphide and Gold), 30 feet wide and out-cropping in both properties, and which Mr E. F. Adams, M.A.1.M.E., says "gives special promise in the making of a big mine." DEVELOPMENT: . The vendors have proved the ore by driving in at a low level and bulk-sampling. The reefs also show out on the surface. From 200 to 500 feet depth of the reefs can be won by gravitation. The new Company proposes to further develop so as to establish positive ore reserves, and thereafter to proceed with the usual mining operations.' As the reefs are now well exposed and showing good values, a large portion of the development to be proceeded with will consist of takipg out the ore from the reefs. No sinking is required to carry out the present scheme of development, the -haulage and drainage being by gravitation. When rises are made through the l'eefs to the otfterops, the ventilation will be by natural draught. Heavy initial outlay in expensive haulage, pumping, and ventilating plant, is 'thus- rendered unnecessary. This applies to all the reefs. • UNIQUE NATURE OF THE ORE: In no other part of New Zealand does ore of the nature and in the form of the "Queen" and "Julia." ore exist, as Mr E. F. Adams reports: — "Hessite is well known in this peninsula in various mines, but in no other instance as a considerable deposit or as in intimate mixture with ; the reef matrix. " "From the data at my hKnd, by the most eminent authorities on ore deposits covering the world'sr mines, Hessite is quoted as a mineral that has been mined to great depths in many mines." VALUES OF ORE DEPOSITS: Mr Adams's report says:—"Using £4 per ox. for gold and 2/3 per oz for silver as the figures of market value/the ore of the Silver Queen pay chute, runs in value from £ll4 per ton downwards. The bonanza 6r specimen ore met with in mining on Silver Queen and Julia reefs carries as high as 1000 ounces of silver to the ton." "I estimate that a total tonnage of 800 long tons has been broken from the Silver Queen stopes. Of this 800 tons about 170 tons remain in th« stopes and 630 tons liave been shipped and paddocked, and. give an average gross ore value of £3 15/-per ton."

ESTIMATED PROFITS: (Mr Adams's report) " for.the slimesand losses in concentration, losses in cyaniding, mines stoping and. handr ling and mill costs, the profit in ore of this value treated as just described would be £1 15/- per ton." These values are worked for silver at 2/3 joer oz. . . . . "With silver at 2/6 = per oz., the milling profit would rise from £1 15/-to £2 per ton." * STRIKING FEATURES IN THE REEFS: (Mr Adams's report) "The most striking feature in the reefs of this property" is the abundance of Manganese, in the form of Pyrolusite, contained in them for some depth below the outcrops. The *eefs "are, in fact, highly mangauiferous hear , the surface, and have been for the most part subject to acid solutions down to and beloAV the depth of present mining. The. exceptions are those portions of the reefs carrying primary ore rich in silver."„ ; , " Broadly speaking, it is quite evident that deeper working will produce more extensive blocks of pay ore and also that the bullion at certain levels will be found higher in gold." ' "further, the experience is that at a, lower .level the .primary ore is not disturbed, being enhanced in value, by values deposited from the teachings of the upper portions, of ,tlie reefs.'' .. "(N.INSPECTION OF Arrangements have been made whereby groups of intending subscribers, can inspect the mine. Applications should be made to. the ( Secretary. ' ' < . . CASH REQUIRED: The cash required during the proposed stage of development is £6OOO. The balance .of the capital will be held" in reserve for future expansion if required. ' • ' CLOSING- OF SHARE LIST: To enable the work at the mines to be proceeded with without delay, the share list will be closed on Saturday, 30th May, 1914, at which date the Directors will proceed to allotment. ILLUSTRATIONS: Full-page illustrations connected with this mine will appear-in the "Auckland Weekly News" and the "Weekly Press' of date lath May, 1M.4." * REPORTS, ETC.: : Prospectus containing full details about the proposed Company, and exhaustive Reports about the Mine, assays, bulk tests, etc., together with photographs of the Company's properties, and a map of the reefs and proposed development; also Forms of Application for Shares, can be obtained from the "Secretary, Broker, or at any branch of the National Bank of New Zealand, Limited. - WHYTE, Broker of the Ohinemuri Silver Mines, Ltd., * . . 'Queen Street, Hastings, ■ - ' .a ," Hawke's Bay.

IMPORTANT TO MOTORISTS The 1914 models Twin King Dick hare arrived ex Corinthlc, and surpasses anything that has been seen previously in New Zealand. Besides being equipped with many new improvements, the colour is a new departure from the black of the past. Thcf new models are beautifully finished in dove grey throughout, and tastefully lined in gold. There is no need for us to dwell on the quality of this article, as the victories are fresh in everyone's memories, having won every important sidecar competition for ro etaoin srhdluGri car trial for reliability and petrol consumption in Chxistchurch during the -last ;I2 'months. ) ■ ■■ Intending purchasers would do well to inspect these models before going elsewhere. The demand for this model has exceeded all expectations, and we. recommend orders for same being placed with us without delay. INSPECTION INVITED. CATALOGUES ON APPLICATION. Sole agents for King Sick and Singer { I ' ' " ! ' f Motor Cycles:,— ■ LIMITED. CLOCK TOWER, MANCHESTER ST. "SHIP" BRAND SALMON.