PROSPECTUS. THE ROXBURGH AMALGAKtAtfEt) MINING AND SLUICING COMPANY, LIMITED. Incorporated under the provisions of "The Companies Act, 1882.” CAPITAL £30,000, In 60,000 Shares of 10s each, 30,000 Paid-up Shares retained by Vendors. 7.500 Contributing Shares already subscribed for. 22,500 Contributing Shares now offered to tho Public. Dividends to be paid per Share. 6d per Share on application, 6d on allotment, and tho balance as may be required, in calls not exceeding Cd per Share at intervals of not less than one month. It is estimated that not more than 5s per Share will bo called up. Directors; Vincent Pyke, Esq., M.HIK., Dunedin, Chairman James Hazlett, Esq., J.P., Dunedin W, L. Simpson, Esq., J.P., Dunedin Robert Wilson, Esq , J.P., Dunedin Henry North, Esq., J.P., Dunedin John H. Waigth, Esq., Roxburgh Walter Anderson, Esq., Roxburgh. Bankers: Bank of New Zealand. Solicitors ; Messrs Smith, Chapman, Sinclair, and White. Secretary : D, M. Spedding, jun, Brokers: John Davie, Colonial Bank Buildings, Water street J. R. Scott, Vogel street Andrew Hamilton, Exchange Court, Princes street. Registered Office : 129 PRINCES STREET. The Roxburgh Gold Mines are situated on the cast bank of the Molyneux River, opposite the Township of Roxburgh. These mines are alluvial—tho terraces being composed of gravel and sand deposited in remote ages by aqueous actions. Since the establishment of the Company the Directors have opened up a section of the property by leasing it under tribute, for tho purpose of proving beyond doubt the valuable nature of tho ground which had been reported upon so favorably by experts and others, as per attached letters, etc. The Directors arc glad to say that tho result of the Tributers’ work has shown most con. elusively that the Company’s property is % most valuable one. After cutting races, etc., and getting tho plant into working order, the Tributers wrought by tho old process some 6,000 cubic yards of washdirt, which yielded 3.1 grains to tho yard, exposing a face of 45ft in depth, and carrying payable gold throughout. Tho bed rock has not yet been reached in any part of the claim, owing to the lack of proper machinery, and it is well known that the richest deposits are always found in tho deepest strata. At the Island Block Claim, now being wrought, the hydraulic lifts have put through 22,000 yards in 12 days, the dirt yielding one grain to the yard, from the working of which a profit of LlO per day was obtained. In the Hercules Claim, by the hydraulic process, 750z of gold was obtained in 59 hours from the first washing. The wash in these Claims is r.ver drift of the same nature as that in the Roxburgh mines, and [the Hercules Company’s Claim is immediately below those now offered to tho public. It is intended to work the ground embraced in the Roxburgh Claims by hydraulic sluicing, in the same manner as the Hercules Claim is being wrought. The advantages will be perceived in reading the following letter of Mr Peters Blue Spur, May 29th, 1889. Mr Vincent Fyke, Dear Sir, —I have the honour of forwarding to you a short report of my visit to tho Roxburgh Amalgamated Mining Company’s property. I have much pleasure in stating it to bo one of tho best properties that has ever been my privilege to inspect during my experience in mining for this last 19 years. While there I saw a paddock that was taken out by 12 men and three horses in 190 days, the expenses of which were L 1,524, and the gold receipts 4160z, amounting to LI, 560. I can confidently say with a Hydraulic Elevator I oculd take the whole of that paddock out in 12 days; sc you will see by that it is scarcely possible to estimate the value of your property until you have got your water races constructed, and a proper apparatus operating on the work. According tc my prospects I see no choice in your ground whatever. You have ground sufficient of the same class to last for the next 50 years. It is my opinion that Roxburgh will be the largest gold-producing district in New Zealand in a short time hence.—l hc.vo, etc, WM. PETERS, Late Manager of tho Gabriel’s Gully Hydraulic Sluicing Company.
The following report from Mr Charles C. Rawlins, M.E., F.G.S., Mining Engineer of the Island Block Company, also affords evidence of the value of this property Island Block, Lawrence, June Bth, 1889. Vincent C. Pyke, Esq., M.H.R. Dear Sir,—Agreeably with your request I examined tho Roxburgh East Amalgamated G.M, Company’s Claim, and herewith give you my opinion as to its value. The area held consists of 105 acres, situated on the E. side of the Olutha River at Roxburgh, which is covered with ade j p alluvial wash in alternate beds, in nearly all of which gold exists in varying quantities, the deeper deposits being, as a rule, the richer. Tho Cluthahas since the formation of this deposit cut for itself a deep channel on the W. aide of the Valley, and the banks near the river have been worked for 25 years by small parties of with limited supplies of water, and with very indifferent appliances, which necessitated the use of horses in hauling, and tho wash having to be handled. In spite of all these disadvantages, whilst near tho river this system of working has yielded payable results. By the judicious expenditure of capital in the direction of utilising the existing fall, and the application of iron or steel piping for breaking and elevating tho washdirt, a very considerable percentage on tho capital invested may almost immediately bo made. With regard to yield of gold per cubic yard in this deposit, I may state that I washed out an -.••• ■’••'go of 25gr from one of tho lowest bods Iron . face of gravel and of sand of over 50ft in height. The whole face, although not equally rich, could not fail to yield highly payable return’. With a supply such as I understand you intend taking from the Teviot Burn you will have no lack of water, and the proposal of making tho Dismal Swamp a lake will, if done, give the largest supply that I know of for mining purposes in the colonies. I have known of the extent and suitability of this for the purposes named since 1865. Water in quantity of course is the secret of success in hydraulic mining, and this supply will be simply inexhaustible. In conclusion, I may summarise the following as necessary to success: Dismal Swamp into a lake. 2nd, Bringing in your mains with not less than 400 ft of head in iron or steel pipe on to your face. 3rd. Tho use of elevators. With these three combined this Property must yield a certain and handsome percentage on tho capital proposed to be in-vested.—-I am, etc, CHAS. 0. RAWLINS, M.B, F.G.S., Mgr. T.8.0.M. Company. William L. Simpson, Esq., for long years a Warden of the Otago Goldfields, and now Manager of the Trustees, Executors, and Agency Company, London and Dunedin, furnishes tho following evidence as to the character and value of the claims now offered to the public Dunedin, February Bth, 1888. To Vincent Pyke, Esq., M.H.R. Dear Sir,—Referring to our conversation of yesterday on the subject of the Roxburgh Flat, I now put in writing my knowledge of the gold workings there. In 1863 I became Warden and Resident Magistrate of the Benger District, in which the flat is situated, and up to the year 1879 had, with one or two interruptions, official charge of the district, and consequently have an intimate knowledge of the gold workings for that period. The flat on which tho claims are situated is at the junction of the Teviot River with the River Molyneux. and is similar in character to the numerous flats which occur along the course of the River Molyneux apparently old lake basins. In 1864 the miners commenced running tunnels from the bank of the r’ver, and so discovered that the flat was tbavebsed by BEADS OP GOLD, WHICH WEBE VERY PAYABLE if water was brought to bear on them. A party of miners at once started to bring water from the Teviot River, and after overcoming great difficulties brought in a copious supply commanding this auriferous flat. Sinoo that time several water races have been brought from the same source, with the result that the part of the flat on which the original township was surveyed, as also tho Government camp, has been all sluiced down the river, and a very considerable community of miners maintained in steady work at good remuneration for the last 25 years. As the workings extended back from the river the expense of the maintenance of tail races became very great, but, luckily for some of the miners, thb veins of gold also improved. At the present time some of these tail races will measure nearly a mile, and by reason of the reef beginning to dip towards the flat, the work is becoming too great an undertaking for private
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Page 3 Advertisements Column 6, Evening Star, Issue 8030, 5 October 1889
Page 3 Advertisements Column 6 Evening Star, Issue 8030, 5 October 1889
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