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; PROSPECTUS. 1 j\JEW WAITEKAURI GOLD MINE, | JJi Waxtkcaubi, Ohinbmubi. i It is proposed to form the above into a No-Liability Oompany of 125,000 Shares, at 3s (three shillings). 60 Shares of 1000 scrip eaoh will be offered to the publio at £50 per Share, equal to Is (one shilling) per scrip. 45 Shares of 1000 scrip each, and £1000 in cash, to go to tho promoters. 15 Shares of 1000 scrip each to bo reserved to the Company for Machinery. 5 Shares of 1000 aorip have to be retained for floatation expenaes Tbe whole of the cash, lees amount paid to tho promotera aa abovo, £1000, to go to develop and work the property. ThL-t mine ia situated in the best known p*rt of Waicekouri, outaide the " Waitekauri Speoial," but on the eume line of reef, and ia surrounded by properties that have either already been taken up by English Syndicates or are now forwarded to Home capitalists for their approval There is a good battery site at the junction ot two creeks, on tho ground, with a plentiful supply of water for general mining purposes. There are also two batteries working within a quarter of a mile of this property. No calls are anticipated to be required in thia Oompany, as it starts with a balance of £2000 or thereabouts, whioh will be ample to thoroughly open up tho property, aud to out the Kolwindsor and Sophia reefs which are known to run through the New Waitekauri, and from which good gold has been obtaiued. Kplendid looso gold has alao been obtained in a amall gully ou the north, west part of the ground, which ia in a direct lino withviha Kolwindsor lode. A glance *-¥_Hs plans showa tho wellknown jAtt&HWSlaWiHtokauri Qold Mm. , ing G«tiyiiAs : -tlititt-hares are now quoted at 3^ i |l_8 t Jubiiee, and"Jhl)ileelKfefitl«a|,«Kevlolttuthe,Mihado, Poarl^'*ji#^^\ , lOM>oi>i»Bi of £>Dglißh I Company, iloatod in London-4%W*t^«iKsN«*r-'sr»l»ekuuri is in very properties in as per report must MJDon 'jwtatyro? tho moat valuable propertied :i_exe r 'tait<(MU'rit s parallel lodes from which £120j09a , .- ,^'*allfß|ft, 4VwW"'ivon unfiSiftJJho.oid aysteia , ..OT!,t«'e*«! ; »e"riL; and ttl ,*Sl^^^^W^H S *^olwiud6or, v^oi" ( Bia,'hrasnr>'th'uti%rith dry crushing the reefs will give formetly, aa most and so treated have given on tho above property ut the office of \pfljt-j]>i-« * f^itf . B _!.,FOU«, i.'Shateaioker, opposito tho_ Post Offioe, ; ' *ss-'* '!*»..*- i ; „, Napier, where s oplication forßharoawill be received.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DTN18951019.2.54.4

Bibliographic details

Daily Telegraph (Napier), Issue 7499, 19 October 1895, Page 4

Word Count
393

Page 4 Advertisements Column 4 Daily Telegraph (Napier), Issue 7499, 19 October 1895, Page 4

Page 4 Advertisements Column 4 Daily Telegraph (Napier), Issue 7499, 19 October 1895, Page 4