Page 4 Advertisements Column 1

Kumara Times, Issue 166, 16 April 1877, Page 4

pROSPECTUS X OF THE ttEW ZEALAND SILVER MINING CO., (LIMITED). Mount Rangitoto, County of Westland, New Zealand. CAPITAL, £40,000. In 8000 Shares of £5 each, payable as follows: Five shillings, on application. Five shillings, on allotment. The ballance on Calls not exceeding 2s 6d per month. The Company will be registered immediately applications are received for -6000 shares. Head. Office to be at Dunedin, or Wellington, according to decision of majority of Shareholders. PKOYiaiONAXi MBECTOBS : Messrs S. M. Souft, J. R. Hudson, and Henry Young, Hokitika. BROKERS FOB WESTLAND : Messrs F. A. Learmonth and Co.

BANKERS : Baafr of New Zealand, JEhe object of the proposed Companyis to work «, Mineral Lease of 500 acres, situated *t Mount Bangitoto, County of Westland, formerly known as Hudson's liease, which Lease has since been purchased from the "Waste Lands Boaid by Mr Henry Young. The Lease is known as No 2, west of the Mount Bangitoto Company's Mine. The area secured is 500 acres, on "which two .distinct lodes of ore—one fifteen inches, and the other varying from three to five feet in width outcrop. Mr Arthur, Mining Surveyor, who has recently returned from completing a survey of the Lease, reports as follows: " J may slate that in addition to lodes formerly reported on that Mr Palmer, one of the original prospectors of the Mount Bangitoto Silver Mine, who kindly volunteered his assistance in the Survey, discovered a large lode in one of tiie Cteeks running through the Lease, the position of which you will see on the plan, and marked '* Quartz Beef,' The reef is from fifteen to eighteen feet in thickness, and bearing east 13 deg. south, and west 13 deg. north, underlying to the north at an angle, of about 80 deg. This lode is in a direct tine with those now being worked by the Prospectors' Cpmpany, and shows both Galena and Pyrites. Mr Palmer also discovered a great quantity of strean} tin in two different creeks in the lease, some of the boulders being from two to three hundredweight. lam of opinion that an immense tin lode must also run through the Lease, from.the quantity of stream tin in the *wo creeks." The original Prospectors of the Mount Bangitoto Company's Mine also report *s follows upon this lease—- " Two lodes of ore similar to those in the Mount Bangitoto Company's Mine outcrop in this Lease, one of fifteen inches, the «ther varies from three to five feet in thickness." Samples of ore from the Bangitoto Company's mine have been proved by Professor Kirkland, of the Melbourne University, to oontain respectively three hundred and ninety-two ounces and seven hundred and thirty-five ounces of silver to the ton. Dr Hector in his Eleventh Annual Report, 1876, on the •Colonial Museum and Laboratory, Wellington, reports having obtained from a sample of Bangitoto ore a yield at the rate of five ounces fifteen pennyweights nineteen grains of gold per ton. Tteferenees is also directed to result of analysis, No. ,1855, locality, Mount Jctangitoto, obtained at the New Zealand ■Geological Survey Laboratory, which reads thus :—" The amount of gold in lso. 1 is ten ounces two pennyweights per ton." It is proposed to engage from California a thoroughly competent and experienced Silver Mining Manager, and to have the mine developed and worked on sound scientific principles, and with the latest machinery. As there is an abundant supply of water and timber in the immediate vicinity of the mine, and the Government have now in progress a line of road, it is expected that the working of the mine will be conducted with-facility and economy. On transferring the Property to the proposed Company, the promoters will receive 2000 fully paid up £5 shares, and the sum of £IOOO in cash.

Early.applieatioa for shares will be necessary,, as the promoters confidently expect applications for fully double the number of shares, to be allotted. ' Applications will be received by. 1 HENRY YOUNG, Interim Secretary; or P. A. LEARMONTH & CO. Brokers, Hokitika. R. T. HOLMES, jgREWER, CORDIAL, & CRATED WATER MANTJFACTERER. Gbeymouth.