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SIX TIMES MORE VALUABLE THAN GOLD. Native Platinum, £23 to £29 per oz. RICH FIELD DISCOVERED ON THE WAIAU BEAGH, SOUTHLAND. This wonderfully RICH FIELD is now workable by the discovery of a remarkable PLATINUM SAVING MACHINE, that has been officially tested and proved to extract practically 100 per cent, of the.. platinum and gold from the concentrate . (see reproduction as- : says below). ' .- • ABRIDGED PROSPECTUS OF THE N.Z. PLATIN UM LTD. (To be registered under "The Companies Act, 1908.") CAPITAL £8250 Made. up of £8250 shares of £1 each, as under: \ . ' •. . 2250 shares of £I. allotted to the vendor as fully paid. . 2000 shares of £1 held m reserve. : 4000 shares of £1 now offered for public subscription, payable as follows.: — 5/- per share on application, 5/- per share on allotment, the balance on calls of 2/6 per share at intervals of not less than one month each. ' V PROVISIONAL DIRECTORS: C. B. MERCER, M.I. Mech. E. H. NETTLESHIP, Jeweller. y^ w . f W « • D. L. O'DONNELL, Mining Expert. W. B. GIESEN, "Retired. f Afl/l/)tlCi)/l §4 if¥/*rO ■ '■■'■'•' : ' •■■•'••■. H. JESSOP, Accountant. ", "■' VVIIUCfIUbU M Mvltf Bank of New South "Wales, Hutchison, Elliffe and Cameron, - Dur- , - . .. Auckland. , ham Street, Auckland. TfikY tnO lYlDOtftlY E. J. Kennedy, Auckland. IIP I lIUC 1 1* I/CO IU I v ORGANISING BROKERS: V; r Ross and Laurenson 41-48 National Bank Chambers, Auckland. * '•■■'■■■" • OBJECTS: , \ V. The extremely bright outlook before .. The objects and powers of the Company, as set forth m the Memorandum of Association, are primarily., this venture is intensified by the fact that this Company is being formed with the objects of taking over from the Vendor, Walter Baxendale Giesen, his;: 1 , that there are no engineering dlfflcul- rights m respec.t of 4 miles of beach situated Waiau Beach, Orepuki, and at present held under Prospecting -Licensey?' ties or any great expenditure for plant and being m respect of a piece of land situated at the 1 mouth of the Waiau River, extending from the mouth of the.;* required. said river to its west, approximately '4 miles m length and 3 chains m width, and also to acquire the : rights to work; When the news of this proposition use and develop an apparatus for recovering platinum, gold, and other metals, over which the vendor holds the was first brought to Auckland an ex- patent rights. • . * pert was immediately sent down 1 to The bulk sands and gravel are delivered from the pump through a revolving screen which eliminates the obtain samples for assay purposes. gravel and large stones allowing the fine material containing the platinum and gold to be deposited oh the sluice The results were simply astonishing . tables, where the lighter sands are washed away leaving a concentrate of platinum, gold and heavy black sand, and more than verified the statements These concentrates are then specially dealt with by the Patent Platinum Saving machine which retains the__ given by the vendors. . platinum and gold and allows the black sands to be carried away. ■ ......... ..£.*. The whole plant will be erected, working and producing returns within 6 to 8 weeks. . . -. .. ECONOMIC WORKING. The Company's Engineer and Manager, Mr. C. B. Mercer, M.1., M.E., states that from an engineering point.. of view the proposition is one of the simplest and operations will be commenced almost immediately. -- . poSlonr^Sh'SS^hanme^: < DESCRIPTION -DF EXTRACTION ' ! DESCRIPTION OF. LOCALITY^ — V nroximately 1 ton of concentrate daily MACHINE. , The discovery, or rather the re-discovery of this plentiful course, of reauires only the services of 5 men Briefly stated, the secret of the ma- supply of platinum, is situated on the Waiau Beach, Orepuki. This southern - adding to that fuel, sundries, interest chine is a continuous flow of electrical- most extremity of New Zealand is a geographical treasure-house ... The and depreciation will not total pro- ly generated sodium amalgam over never-ending battle between sea and land has resulted m the formation, of : bably more than £10 per day copper plates, so safeguarded as to at. least two beaches, one of which lies about 6ft. below the other. The ■ " ensure a hundred per cent efficiency m lower one contains the black sand, m which there gleam the steely-grey ....„ „„„._■ Al , _,_ \, c . o the working of the machine. It is granules of pure .platinum, about the size of coffee grains. The problem m.. DAILY RESULTS ALL THE YEAR j reely claimed for this apparatus that the,past has been to separate the platinum particles from the 1 , surrounding ROUND. it wilJ p j ay ag p rom i nen t part m the mass. The early beachcombers, ,with their primitive pans and cradles found , The plant when erected is capable of reduction of the Waiau platinferous it mixed with the gold dust that they sought, and they found it difficult to putting through sufficient sand to pro- sands as did the cyanide process m the Separate the two. .In those days platinum was, only a. few shillings per ounce, duce approximately 1 ton of concen- low-grade areas of Waihi. Demon- and this could noffcompare with the lure of gold-winning. The requirements ti-ate per day. strations of the machine have been of modern science have changed this point of view and the erstwhile despised The plant consists of 1 6in. gravel made with samples of the sand pro- platinum is now a prize. pump direct coupled to a 40 h.p. oil posed to be tre&ted, and mining en- ' . ' engine and a 4in. water pump for gineers have expressed themselves as sluicing purposes direct coupled to a astounded at its simplicity and the , ( • 20 h.p. oil engine. marvellous results obtained. f\rtr*imi 1 w Thns\S\T* r .1 T*?f • m& OFFICIAL PROOF of the Efficiency "-ss:?*- Thames school of mines of the Platinum Extraction Machine Chames. 25th. June 1 926. ' g«S • flow *»« uutehwn, — THAMES SCHOOL OF MINES. - : * AICKLAW). ■ , ";...• ■ x' — ■ '-.;.■ . == ' ' ■ 6«sult» q£ t*o parcel* of «ande forwarded by you for aseay purpose*. e/iamis 28th. June 1926. . Ko. 1:- $iir«r, 2Oze. 2Pwte. Value £0.4-2. Boss ana taurenepn. Platinum. 7 Ore. 1$ »*U» * £178-5-0. Auckland. ' , Cold, t3 ozß, 9 J*Ve» £53-16-0. • Special Aoßay of «ompl« a«nt by c.B. Mercer to-day. •jmiridiura, 7 P*t». total Tal»- "IsiShf-i** .Bullion Z Dwt. per ton, of an estimated value of £1-4-0, ; per loa This is the assay of the sample of sand concentrate taken from ©iroctor* the Company's claim on the Waiau Beach m the presence of : Ar-i-r?r» Mr. Geo. H. Stancombe, and forwarded under seal to the . This assay is from the same sample as the above, AFTER Thames School of Mines. The estimate of assay is based on going over the Platinum Saving Machine. per ton of concentrate. NOTE the almost entire extraction of , all precious metals. You WiU Only Have V ourself To Blame If You APPLY TOO LATE— ACT! To-the Directors, NEW ZEALAND PLATINUM, LTD., - C/o Ross and Laurenson, * V^-kii -catill National Bank Chambers, Fort Street, Auckland. lOU WUI Gentlemen,— . . ■ . - :.'..■ •■ , , M I enclose the sum of £ 1 / being a deposit of.. 5/- per share, payable on l-ljavi-A application for shares of &1 each of the above-named Company, and request you to ** C *T V ' ' allot me that number of shares upon the terms of the Company's Prospectus, dated July 16th, 1926; ,_ ■.:.-. , and 1 agree to accept the same, or any less number, that may be allotted to me, and I authorise you to RGIUXTIS register me as the holder of such shares. I declare that lam not an alien enemy, and that. l am not applying for such shares on behalf of an alien enemy. • Wittlill NAME IN FULL . . . .r. •• •• _. OCCUPATION SIX ADDRESS • •••• •• • Weeks. signature DATE ............ •■ ••• ... . Please send me a copy of the Prospectus by return. , , The originals of all the above documents are open for your inspection at the Office of the Organismg 1 Brokers, National Bank Cham bers, Fort Street, Auckland.
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https://paperspast.natlib.govt.nz/newspapers/NZTR19260729.2.8.3
Bibliographic details
NZ Truth, Issue 1079, 29 July 1926, Page 8
Word Count
1,666Page 8 Advertisements Column 3 NZ Truth, Issue 1079, 29 July 1926, Page 8
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