Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume XVIII, Issue 1029, 24 August 1889, Page 2

MINING NOTICES. PROSPECTUS GOLDEN CAUSEWAY Q.M. COY, j OP NENTHORN (Ltd.), j NENTHORN, CENTRAL OTAGO. Registered under the provisions of ■" The Companies Act. 1886-' CAPITAL ~.£12,500, In 50,000 Shares of 5s each, Of which 30,000 Shares, paid up to 3s each, ' are retained for the interests which . have already been transferred to the Company by the Original Shareholders, the remaining 20,000 heing offered for Public Subscription on the following terms : 6d per share on Application ; 6d on Allotment; and the balance (viz., 2s) in calls of and not exceeding 3d per I share per month. ii ; Provisional Directors: o John Elliott, Esq., Glad brook Station, r Middlemarch. R. H. Browne, Esq., Engineer Maniototo 6 County Cou- cil, Naseby. t Charles M 'Gkegor, Esq:, M.E., Nenthorn. Hugh Wilson, Esq., Mount Ida Chronicle,: G "Naseby. James Mitchell, Esq., Builder, Naseby. John Laverty, Esq., Storekeeper, Hyde. Thomas Moodie, Esq., Perpetual Trustees y Company, Dunedin. J. C. Buckland, Esq., Tumai, Waikouaiti. * James Whitton, Esq., M.D., F.8.C.5., < Naseby. i Robert M'Brede, Esq., Mine Manager, •■ Nenthorn. ' . 'Peter Harrington, Esq., Parmer, Ophir. ' ' A. B. Kitchener, Esq., The Grange, Wai- . hemo. Bankers : Colonial Bank of New Zealand, Nenthorn. Solicitor: ■■'■•■'< Alfred G-Hanlon, Esq., Princes-street, Dunediu. Consulting Engineer: L. O. Beat,, Esq., C.E., M.E., Princes-st.,; Dunedin. Brokers: - ■'■'■'■ ■ Walter Hislop, Esq., Perpetual Trustees Company, Dunedin. Leslie A. Norman, Esq., Naseby. ■• J. A. Chapman, Esq., Dunedin. Alexander Cross, Esq., luvercargill. Legal Manager and Offices: , Leslie A. Norman, Main-street, Nenthorn. THE above Compa y has already been registered under "The Mining Companies Act, 1886," and the proprietors, in order to provide for the energetic development of their various valuable properties, having decided on issuing 20,000 shares for public subscription, calling up 3s per share as herein provided. The sale of these 20,000 shares will realise £3OOO, which amount (less commission, etc., ' for placing them on the market) will, as the calls become due, be paid into the Company's account at the Colonial Bank of New Zealand, Nenthorn, and be devoted solely to the exploitation of the Company's claims. In other words, Not a Single Penny will be - Paid as Promotion Money, the original shareholders being content with seeing the amount so realised devoted to purposes solely connected with the working of their several claims. Thirty thousand shares, paid up to 3s, are retained by the original proprietors ; and on 3s being paid on the 20,000 shares now i offered to the public, these 30,000 shares ■ will be equally liable for calls in similar proportions. The Company has registered in its corporate name three licensed holdings of 30 acres each (90 acres in all). In addition, it holds a registered water-race, heading from Nenthorn and Hartstonge's Creeks, which is • undoubtedly the most valuable right in the , district. • With the £3OOO realised from the sale of the 20,000 shares now offered for snbscrip- . tion, the Directors propose to erect a complete crushing plant for the reduction of the i large quantities of ore in their several i claims, comprising a 10-head stamper bat- ' tery, with suitable driving power, two large , berdans, and probably a stonebreaker, with quicksilver tables, blanket strakea, and all ; other necessary gold-saving appliances. The : plant will be added to as the claims become ; further developed, and it is considered pro- ! bablc that it will require a considerable ex- : tension within a year or so from the time of i commencing operations. The special mining correspondent of the , " Otago Daily Times," a well-known expert • of considerable experience, in a series of : elaborate and carefully compiled articles ) states : i (1) That, in his opinion, the Nenthorn ' reefs will prove to be the Most r Valuable Deposits in Otago, a belief f which is concurred iu by Victorian miners. ' (2) That the underlie of the lodes is of a t ( very small angle, varying from Ift. to lift, per 10ft. in vertical depth, i the deposits Assuring the strata of the foliated schist at right angles—circumstances which have a very i important bearing on the future : progress of the held, proving, as ; they do, that they are not mere > Laminations of Auriferous Ore. a (3 And that exploring operations up to 2 1 (present tend to prove in a eont elusive manner that the Reefs r Widen as they gain in Depth. f Some six different trial crushing* of stone - have been taken from the various reefs on the field up to the present, and leaving out j the Eureka test of a ton of stone, which f yielded lOoz. of gold, it Is found that the r average value of the quartz so far is about l 2oz. lOdwt. of gold per ton. 1 la inviting applications for shares in the - Company, the Board of Directors would draw attention to the following ascertained facts : (1) That the reefs iu the Company's t claims are, beyond the question of 3 * a doubt, the continuation of those , now being worked with such I highly satisfactory results by The , CitcKSUs, Blue Slate, and Vict toria Companies. t (2) That the leases now offered adjoin f the properties of the Blue Slate Company on their western boundf ary, which in their turn are con- , tiguous to the Crccsus Company's claims. (3) That the lodes in the Blue Slate , Company's claim, a trial crushing 1 from which yielded at the rate of 3 2oz Sdwt per ton, have been traced through the whole length of the 2 leases held by the Golden Causeway a Company. f (4) That at one point a shaft (the deept est on the held) has been sunk to a depth of nearly 70ft on one of the ") lodes, with particularly satisfactory 3 results, the reef, when work was suspended owing to the influx of , water, showing splendid gold. t (5) Thnt, as in the case of the Nenthorn Consolidated Company, unusual . natural facilities, are available for working the lodes, which can at "■ various' points be tapped by lowis level tunnels driven in from a deep gorge which runs between and parallel with the course of the lodes, "i (6) That so far three good reefs have • | been found on the properties, from f\ which unlimited *npplif-.« "f oay-oi-e :■ I -00-n W» obtained. '