Page 5 Advertisements Column 2

Press, Volume LXIII, Issue 12933, 12 October 1907, Page 5

PROSPECTUS (ABBIDG3SP, OF ' THE ALEXANDRA ANTIMONY COMPANY. LIMITED, To be incorporated under "The Comp* , " B,, *"*• * QAPITAL xioo.ooo, in ,00.000 share, of n «•* Ofth. Mown .We. co.ooo are to l, e .lotto; to the Vendor. a, fully P«i and 30,000 share, (of which the Vendore have atibicribed 5000) .re now offered to the public, payable as under:- - --2S Plvß SHAKE ON APPWCATIOX, - Is PER SHAR2 OX ALLOTMENT, And the balance by instalment, of 1. per ■her* at w , "™' B ° f not le " th * n on * month - 10.0U0 Shares are Held in R«serve. FROYISTOXAI/ DIRECTORS: WALTER G. FOSTER, of Wellington, Business Manager. JOHN O BIDWILL, of Featberston, Sneepfarmer. NKIL MoLKa:>, of Wellington. Contractor. OBTON STEVENS, of Wellington, Ineurance Manager. NOiIRIS W. BELL, of Wellington, Jeweller. R&N'KBRS: _ U.VION BASIC OF AUSTRALIA, LTD. SOLICITORS: FrELD, LUCKIE, A.MJ TOOGOOD, Wellington. INTERIM SECRETARY: G. B. HULL (Watkine and Hull), 9 Johnston street, "Wellington AUDITOR: KOBT. H. MODiLIN, A.C-A. THE OBJECTS AND POWERB of the Company are eet out in the Memorandum of Association, a copy of which ie printed a t the end, and forme part, of this Prospectus. . ~ „ THE MINIMUM SUBSCRIPTION on which the Directors may proceed to allotment Sharl be 10,000 contributing shares, and as th« vendore o{ the Company have subscribed for 5000 contributing shares, th« flotation of the Company U practically assured, 'i'ho Vendors have spent a considerable B um of rnon-ey on the property, and have proved the existence ot antimony in large quaatities. No casfli ibas been paid to the vendors; they have undertaken to accept fully paid-up shares in payment for their interest in the property and machinery. THE COMPANY is being formed for the purpose of introducing capital, to permit of tlie property being developed to best advantage. THE QUANTITY OF ORE.—The mine has passed He prospecting «tage, and that there is rich antimony in considerable quantities is beyond question. MR E. R. GREEN, INSPECTOR OF MINES, in his report on the 7th April, 1902, to the Mines Department, state*: —No. 2 (now called No. 1) shaift i» sunk 54 feet to the level. The crosscut of 3 feet from shaft struck lode formation, which is 15 feet between tie walls. THE ANTIMONY LODE HERE IS FROM 9in TO 3ft IN WIDTH. MR N. D. COCHRANE. F.G.S., MINING ENGINEER, in Qua report of 15th July, 1907. on No. 1 ehaft. rtates: — Throe or four yards from the cross-cut antimony ore of good thickness is seen between the laths in fhe roof. The ore and quartx together measure Mt 3in, and again 2ft Bin. Twelve feet further on a hole bad been aunk in the floor of the level, which I had deepened to see that Khe ore was in th-e solid. There were two veins of stibnite, each from 6in to tin in thickness, with 2ft sin to 2ft 6m of «oft *pug" between, or 3ft Bin over all. On cutting down on these veins, the ore on the harujrioig wall side had thinned down, and coiui&tod of ore and dark quartz mixed, which latter I should not be surprised to find rich in gold, WHILE ON THE FOOTWALL SIDE THE ANTIMONY HAD THICKENED TO 12in SOLID ORE. Twenty-two feet further on, a rise bae been put up about 6ft in the back of the level, and the vein stuff is there «bout Ift 9in in thickness, in which the stibnite is in three veins of about 4iru, 3in, and 4sin respectively in tihioknees, but getting thinner upwards. That is, the tendency ie to thicken goin-g Jown. At sft ahead of the winze, there was Cm of ore on the hanging wall side. Writing under the heading of "Prospect*, he remarks: — "The position is that, while you have promisng, though thin, veins of ore, the levels are near the surface, and any ore above them should be left in, both for stability and on account of the veins thinning , upwards. Hence the main shaft should be sunk and the lode driven on to prove the ore at depth. "With so many ore occurrence!, if a main ore body is found below, it fhould be the making of the mine. There can be no certainty in such a matter, but I am favourably impressed with the prospects. The country in favourable, the waUs etrong and dearly defined, while the ore occurs at so many different places that, in my opinion, if the shaft i» sunk to 300 ft or 400 ft, and adequate driving done on the lode, good chutes of payable ore should be disclosed." The existence of these veins of antimony is confirmed by Mr E. H. Barber in hie report dated the Ist of August: — "Iα the drive to the, west two veins of antimony, Bin and 6rn in width, are showing on the floor, and in a rise of about 30ft from the shaft emaiier veins of first-class ore are showing. At the end of the eastern drive about 4ft 6m of antimomous deposit ie showing. On washing dishes of this at the river, I found free gold, and also appearance* of silver mixed with antimony. In this part of the- lode formation the antimony is broken into very rmaJl pieces, but of very,J?o?d quality. At a deeper level I feel sure that the quality and qusntHy of antimony will improve, and that the proportion of gold in the lode formation will also increase. "The antimony ore is foutd in elongated pockets in the lode formation. I traced one of these pockets for about 50{t. and «m average combined width of 2ft. There is plenty of lode formation on the property, and I feel sure there will be plenty of antimony in pockets at a lower level. "No. 3 Shaft.—This is down 56ft, and the lede is driven on, but only a* a proepect. At the end of the drive two veins of β-nitimony. Bin and 4in wide, are ehowiaag. These aw split, «i the lode split* in the surface at this place. Crossing the lode at an angle of 45deg., there i» a vein of good antimony ere, lain wide. "CONCLUSION ON LODE.—The property i« a Rood with I feel sure, an unlimited supply of antimony. It ie aleo the most easily-worked property I have ever seen, provided that work is done in the right direction." Reports received from tho mine mamaiger (Mr RiUstone) estimate the auantitr of ore in sight at £000 tons. THE QUALITY OF THE ORE.—The following ie the analysis of Dr. J. S. Maclaurirr, Government Analyst, dated 2nd January, 1907. on the antimony ore from No 3 thaft:— The sample contained metallic antimony .. ~ 51.12 per cent. Equivalent to antimony sulphide .. .. ~ 7i.aa per cent. MR E. SEAGAR, OF WELLINGTON, ironfounder, write* under date of 31»t July, "The antimony ore that you have sent mc from your No. 1 shaft to smelt is the best I have ever seen or treated. "The ore tlhat was put through the retort produced 75 per cent, of crude, and on reducing it to star antimony the result wee 65 per cent of excellent metal. "Ore that will produce 60 per cent, by the same process is considered exceptionally good. PRICE OF ANTIMONY.—At tbie date the price of antimony ore is quoted at about £13 10s per ton. The low cost of treatment, together with the fact that the ore ie of high percentage, gives a ■plecdtd return efter concentration, results having shown that it takes about 1} tone of ore ac mined to make 1 ton of cruded or*. * On the present low price of metal a profit of about £25 10s per ton can be safely estimated Per ton. £ a. i. £ s. d. Value of cruded ore (nt present market rates), London ~ WOO Concentration or treatment for crude, say ... .. ..100 Cost of mining .. .. .. .. .. .. ..168 Freight to London .. .. .. ~ ~ ~ 1 15 4 Cost of management and other expenses ~ ~ ~060, 4 10 0 £25 10 0 Tt will thus be seen that a much larger profit per ton t is shown than by any goldmining proposition. APPLICATION FOR SHARES should be seat to any «f •Uμ Company's- broken, together with remittance equal to the amount payable on application. Exchange mu»t be added to cheques payable other than in Wellington. If the number of shares allotted be less than tbe number applied for, the surplus amount paid on application will be credited in reduction of the sum due on allotment, Where no allotment is made, the application money will be returned in full. All further information and copies* of Prospectus may be obtained »t the offices of the brokers. EAST AND EAST, 1 CHRISTCHTJRCH. £054

C Gold fVcdal Paris 1900 Unrfvalled for the Complexion | imagine Ir I WUhwMiiM a more severe test for coal I of all Chemists 4 Perfumersr I than that afforded by the 5^4 "Discovery" ontheAntarc- — tic Expedition. "Coalbrookdale •* was used entirely A wowomFOi- disoovbry. during the long period spent *._*...«• »ko l«a anil cnnw "" comfort and happiness of man. Science hat among the ICC ana SnOW. indeed made giant strides during the put century, and The Engineer wrote on his lE2JS^VJ~ l ' pM -^ mrim return: COALBROOKDALE THERAPION. Coal **WaS USed entirely for TWi preparation is unquestionably one of the »°t« _ , -■ ~ __ j fenulne and reliable Patent Medicines ever Introduced Steaming, Cooking, and j S^ttSt^&&SXsES! Warming purposes, end I \tt*z^°g3^*g^ can positively say that no ( e1... ot coal could .ZtttJ^*Z%SfisF&S£i& m__ hMll more gnit" i irilj" dow i>7 rar dt. a potent tfcnt in the removal oi Have Dwell mwrw »•*■•- diN»e« bat (Uke the famJa philowpher'i stone) ««■ Avrmanr orav. , ' * '"J ,61 ol search of some hopeful, generoui Able In every , «remy . emda : » n d f« r the mere power-il iaeh cooM If you use coal for either gST^Y.T«^ l S^«S?au«2 ciSe i S of the above purposes you fflttwill find that -CoeMirook. g^SrL^t^ltK^o^ , dale" will give you the thi nw nntH mmiiv same satisfaction that It did THERAPION to the "Discovery" pioneers. g^S*i^W«.lSattS Uttte ostentation and noite have been made, and tht •sunsive and ever-incxeasing draund that has hm Try "Coalbrookdale" to- -tr^&^Mffl 1 day! Your own coal mer- Xc^^Si r n^f^,p^Sa^Vb«li n 3 rf chant can supply It! l^r^u^ o^^M^^^« berley* _, ■ Sold *T KEMPTHORNB. PROSSER wd Cα Chri.l. ■ ( church, tod BcaHtm. CaiS