HAURAKI MINES CONSOLIDATED.

New Zealand Herald, Volume LXIII, Issue 19320, 6 May 1926, Page 7

HAURAKI MINES CONSOLIDATED.

LIMITED. An opportunity is offered those who like a mining flutter in tho present issue of shares in the above company. Capital is being raised to take over and exploit the following areas at Coromandel : Old Hauraki, Bunker's Hill, Union Beach, Welcome Find and Hauraki Reefs. These areas have in the past been only snatched yet have produced upwards of half a million of the vollow metal. Tho gold occurs in very rich patches. Tho new company intend" to carry out prospecting at deeper levels, the scheme being to sink the main Hauraki shaft a further 200 ft. making 600 ft. in all before opening out for lateral exploration. Some of the principal goldproducing reefs in the Old Hauraki area are dipping toward each other and should junction at or about the now 600 ft. level. What may happen at the junctions of these reefs can best be left to the imagination of those having experience of this field. Leading mining men have expressed the opinion that what h<is been taken out of this group in the past is a mere circumstance to what remains to he taken out by judicious prospecting and have backed their opinions by subscribing for shares in the company. As active mining operations are shortly to commence those who liko a fluttci should without delay seize this final opportunity of getting in on the "ground floor" in a proposition offering such great possibilities. Liability is limited to 5s per share, each 100 shares entailing a total liability of £25 only, payable Is per share on application, Is per share on allotment and the balance in calls of 6d per share at intervals of not less than two months. This is an opportunity for the small investor to participate in the most, attractive mining proposition offered in recent years. " Never speculate, never accumulate." Make up your mind how many you want and see that your application goes in at once. Shares may bo obtained at any branch of the Bank of New Zealand or on application to Room 706, 7th Floor, New Zealand Insurance Buildings, Queen Street, Auckland.—Advt.