Page 2 Advertisements Column 2

New Zealand Mail, Issue 859, 17 August 1888, Page 2

: PROSPECTUS -v ■„ •■■■- OF THE .■■■■., ' AMALGAMATED MINING ■ AND SLUICING COMPANY ■■ (Limited). ■ - .'. ■■■■■ T&*-‘be.incorporated under the provisions of the Alining Companies Act, IS6G. _ ! Capital, £45,000 inrOO-000 shares of 10a each, of . which the Vendors agree to take : ' S© 1 ,000 shares ia» part payment of their . i several properties, the remaining 60,000' shore a being offered' for public subscription on the following: terms, viz. j--6d per share on application, Is on allotment, ,6d one month-and 6d two months thereafter, and the' balance as required in calls not exceeding 64 per share at intervals of not less'thah one month. PRovtsroiraJL Directors : Hon J. M. Larnaoh, C.MiGs,. MtH.R., Th& 2 Camp, FAnmsula •Hugh S. Valentine, Esq., M:H-. R., Gore Vincent Pyke, JSsqi* -M. H.lti, XMiuedin . „ , Andrew Lougbreyj Esq |, M.K; R., Christ- ■ -.church - Richard H. J. Reeves, -Esq., MiH.R., Nel’son ■ - - .■ v - .. ~ ' Richard M. Smith; 1 Esq., M.G.C7, Roxburgh Joseph Haughton} Esq., Roxburgh John H. Waigth, Esq., Roxburgh l Charles S. Reeves,, Esq., J:P.,-Dunedin B-ank-ers : . y The Bank of New Zealand,. ••' ’ : C SOBfIOHORS : • Messrs Smith, Chapman, Sinclair, and 7-7, v White. Brokers:- ’ Jabez Burton, Esq., J.P.,. Roxburgh 7 J. Alwent Chapman, Esq., Prinees-street, Dunedin .7 A. G. Fenwick, Esq r Dtinedin Jas. Henderson,Esq., Hereford-streei^.Christ-church Messrs Beeves and Co., Nelson P. Brennan, Esq., Reefton William Duncan, Esq.,-Hokitika Messrs Arthur Warburton • and Goi, Wellington Temporary Offices-:; . Cheviot-street, Roxburgh,.

THE Roxburgh Gold Mines are-situated ou the East bank of the Glutba'Rrver, opposite the Township of Roxburgh,. They comprise seven working claims* held by separate mining parties; and*it is now pro - -posed to amalgamate these for their more economical and efficient working.. These mines are alluvial - the terraces be. ing composed of gravel and sand,. deposited in remote ages by aqueous action, as. explained in the report of Professor Ulrich, F,G.S., in “ Geological Explorations,” ISB3, besides the reports of H. A. Gordon, Esq., the Government . Inspecting Mining Engineer, and W. L. late Warden of the Otago Goldfields,. which are attached to the Prospectus, and are of a very favourable nature. The properties have been reported upon by Thos. Hedley, Esq., Hydraulic Mining Engineer, a- highly qualified expert in sluicing from Mitta-Mitta, in the Ovens District, Victoria, who, in his report,, says after recommending certain works to be undertaken by the Company :—To carryout the required works will practically cost £IO,OOO. I estimate that this plan- will be capable of dealing with l,l>00,0Q(b cubic yards per year, at a cost of £SOOO. • I estimate that the yield will be from Gd to Sd per yard and equaL to £30,000 value per annum—affording an> annual profit of at least £20,000. " ■

7 1 have every; confidence in the payable nature of the ground, and the area is so extensive that 150 years?’ working under the most favourable circumstances will not exhaust it. . . The amount of money required to open the mine in a complete manner is unusually small when compared with the vastness of the venture. I am confident if the ground be properly opened up waters scheme extended so as ta command at the. high level all the available water, and the -whole directed efficiently—■ the returns will* exceed my estimate, and I have no hesitation in recommending the venture with every confidence. Beside the water-races which have been constructed at great cost by the original owners, are several “ dams ” on the ground . for water storage, and a large quantity of mining plant, valued at £2500, all being included in the purchasing price. These are in good working order, and available for immediate operation ; indeed, they arc. now in use, and all the new plant required is hydraulic piping and more effec« i tive gold-saving appliances. The price asked for the whole of these mines is £35,070 in cash and paid* ap shares. By the substitution of “ hydraulic ’ sluicing for “surface” sluicing, the output can easily be quintupled, and improved gold saving ap, pliances with certainly double the proportionate yield. Under such conditions the mines would, it is estimated, produce' from 6000 to 7000 ounces per annum for the next 150 years at least. It is worthy of note that any amount of water can be obtained from the Teviot River from any desired elevation up to 2500 feet. v,-. . .. Prospectus and forms of application for shares may be obtained at the offices of the Brokers or Bankers of the Company. The share-list will be positively closgdSon t.hR aiftt dav of August,. : L _ 7 7: P 36