Page 11 Advertisements Column 2

Otago Witness, Issue 956, 16 May 1889, Page 11

1 ■H' y >'- i X*hWiXttitiß. •',; >vli ". ; , 1 put down about position A, shown on sketch plan. 1 'The boring showed first 4ft pf surface material, then from 4ft to'ilft of black sand, and then a stratum of grey sand and. shingle/carrying a little, gold, down to' 20ft, totaf derJtn tried. • The sample taken 'was from about' middle of the "7ft of black sand.' Two' 'pounds were weighed but and panned off, aid tested by the dry t process ,by Mr Rosa in. the Sohool of Mines. The result obtained for the twp pounds was *0588gr, or 3dwt 4gr to the, ton. Of course tbefinestf of the gold was lost through the panning-off .' 'There^is great 'probability' of gold at deeper level of, ; this ground along foot of terrace. •• ,t , . " I am, deaf sir, < t ' , , 'f Xourg truly, „ „ '' ' "(Signed) B. A: Young, O.B." - Nos. 1, 2, and 7.— Mr Young's remarks, also apply to these sections ( to a. certain. extent. The vast auriferous deposits of black sand have never yet been, touched by the hand of man for want of suitable appliances, and the extent, quality, and depth, at which these leads can be found is to-day an unknown item in tbe wealth of New, Zealand. They are, it is believed, practically inexhaustible, as ,at Boss black •and, carrying gold, 'is found at a depth of< about" 200tb. This one significant feet id fc<? bo borne In mind, thatbeaoh combers have for years, and, 1 with, the moat primitive appliances worfeed.on the sea frontage in this district, and in some cases have Accumulated fortunes. , J " ' The above land is all supposed to.be auriferous, and suitable for wording by,EVKNDEN'S' GOLD GLEANER.., ' ••'•<• From the preceding. statement of assets, intending investors will be able to see that there is a reasonable prospects of good, profits if a proportion 1 of the gold is saved, while' if the new machine answers the expectations formed from its experimental working, all tbe gold will be saved at a very low cost, in which oaße, the. profits will be very large indeed. , llt is believed the right to manufacture and sell the machine, called " Evbndbn's Gold Clba^tbb," will be a source of large profits to the Company. The value of this Invention can be gathered from I the opinions given herewith. . •■ ! The ' following are the terms upon which the Company secure theße rights : — ' . ! The Inventor and promoters are to receive tie sum of £620 i) in. cash, payable by> instalments ex-, tending over .a period of six months,' tlius : First ■payment; on orbefpre 18th dav,of June 1889, £3050 ; second paymeat, Ist July, £1050'; third lpayment, lat September, £1050; fourth payment,'lst November, £10#>; and 2700 fully paid-up shaßes.in the Company, for the* purchase of' all rights in New Zealand J ,pver the 1 , patented machine, and all improvements thereof to be made by the inventor within five years from the 28th day of A, pril 1889 ; and the balance (£16,100) after paying the preliminary expenses and purchase mbtay of the auriferous land under off er.will'be 1 available for the development of the Company's business. The agreements above specified betwenn R. E. Bvenden and the owners of the l landy &b., art fcojbe completed at the Company's expense, should the 'Company elect to take the benefit thereof; *' / „ With respeotto the Gold Gleaner itselft Its particular merit is that it saves practically all the very . fine gold which is lost by other processes. It is believed by experts t^at'the amount sd lost constitutes a very large percentage of the total gold in the auriferous earth operated on. Tests I have bpen made, and have been 'eminently successful. The , result of theteßts is stated ifajthe sheet accompanying tbe prospectus, alto the opinions of competent persons as to thoj working of the machine] •The Company, will pay|all/,the preliminary ex- ' p'ens'ea "incidental to the floating thereof; including I brokerage/ commission, advertising, printing, and ' sll other costs in coanegplqa (therewith. i Prospectuses , and forms of application can be .obtained at the, . Company/a office,. No. r, Lambton , '•quay, and 'from iheßrMi.'' ;' • ; The share list will be closed as soon^s the requisite number of shares have been applied for. Incases where no allotment ib made the deposit will be returned in full. » The, Head jOfficejof the Cojnpany will be situate in Wellington, where the Board of Directory will hold" their meetings, and the Seoretary or Manager will reside. , .- . (J - , 'V „ji ' ■■ >< ■ In, selling" the "Gold Glbanbßs"> manufactured by. or for the Company, 'the Directors! will give the pbefbbbnob Tp< Shabbholdkbs,i but ( ,so tfrat no contraots entered into the supply of aucH machines shall be 'interfered 1 with. '"_'/ ' If for any cause tfa present proposed Company shall fall to be' formed, tne' deposits to be returued r ,, less a rateable proportion for preliminary expenses; as above. «• '><• ■ •■< '* •■' • X ' April 1889. '" , ' „, l,6my

{ y ANO'! A. J. PAX K. IAI9 SHAREBROKBRS,, t MURING AGBNTS, M-JNING.. ENGINEERS, , • ancLSURVRYORSi ."-••■ Ho. 1 BOND STRBBT, DUNBDIN. Bank,. Insurance, Mining, and other . Shares imiigh^ and sold on commission.. Miniugand other companies floa,tgdjJMines surveyed and reported on. Letters and telegrams promptly answeied, 18my