Page 11 Advertisements Column 2

Sun (Christchurch), Volume I, Issue 83, 14 May 1914, Page 11

Capital: £IIO,OOO in 220,000 Shares of 10s. each lltf,Mo issued fully paid t6 ;the present owners of the property. The vendors So not receive any cash as part payment of the property. •' iIO,OOO sharks 'are -offerecl for publde subscription on the following terms: 1/- per share ;On~application; 1/- per share 011 allotment,; balance in. c^lls: oft' not more than 1/- per share, and at intervals of inot 'less than two months. DIRECTORS. - ALPHONSITS TEMPEST, Settler/Auckland. ' ' ARCH; A. DONALD, Grain Merchant, Auckland. "DAVID WHYTE, Broker; Hastings. Other two directors will be selected by the above three. ' The aboVe Directors will hold office till the Annual General Meeting of the Company, to be held in 1915. > ■ ! SANKERS: The' National Bank of STew Zealand, Limited. . SOLICITORS: Messrs Devere, Martin, and Prehdergast, Aucklaiid. SECRETARY,: J. B. Sheath, Imperial Buildings, Queen Street, Auckland. . BBOEEB:' David. Wliyte, Hastings,-Hawke's.Bay. - • Thie objects of Company are to acquire from the Silverstream Mines, Limited, all its mining properties, machinery, plant, and. chattels. ' * \ (1) Silverstream Quartz Claim. " T2), Advance' Quartz Claim. • (3) Water Races. ■ -'■'■■■ ' ' (4)' Special Sites (Machine Sites). (5) Special Sites (Battery Sites). BATTERY: The vendors also hold an- option-to purchase the late Waitilcauri Extended Company's battery, at present.erected on the vendors' property, - at a nominal .figure (£1100), which will effect a-saving- to this Cotapany; of approximately £BOOO. V . . > "* : ... i SITUATION: The properties are situated'in the Oliinemuri District,' niitie miles west of Hikutaia Railway Station, on the Thames-Paeroa Railway, Hauraki Peninsula, near Auckland. Access to the propai'ties is "by a good dray road, metalled, and having an. easy grade. /' THE REEFS: There are four reefs, proved by mining on the property, , and comprise two classes, vjz.: (1) Silver Telhuide (Hessite) and Gold; (2) Silver Sulphide and Gold. The principal reefs are known as the "Queen" and '.' Julia" -(Silver Telluride and Gold), 7 feet 6 inches wide, and yielding ore .worth £ll4 per ton downwards, and the "Camoola" reef (Silver Sulphide and Gold), .10 feet, wide and out-cropping in both properties, and which My E. F. Adams, M.A.1.M.E., says "gives special promise in the making .of a big mine. ,, DEVELOPMENT: The vendors have, proved the, pre by driving in at a low level and bulk-sampling. The reefs also show out on the surface.' Fi;om 200 to' 500 feet depth of the reefs can be won by. gravitation., The new Com-. pany proposes to further develop so as to establish positive, ore reserves/ and thereafter to proceed/with the usual mining operations. As tli.e reefs are now well exposed and showing good values, ,h.large portion development to be'proceeded with'will Consist of taking out the ore : from the .repfs. No . sinking is required' to carry out the present scheme of development, the haulage, and ...drainage being, by gravitation', i 'When rises are made ..through ■ the reefs to the outcrops, the ventilation' will •be by natural draught. Heavy _ initial outlay : in expensive haulage, pumping, and ventilating plant is thus rendered unnecessary. This applies to all the reefs. UNIQUE NATURE OF THE ORE:, In no other part of. New Zealand does ore of the nature and in the form- o£ : the .V .Queen-and//.Julia" ore exist, as Mr E. F. Adams reports:— , "Hessite is well known in this peninsula in various mines, but in no ■ other instance as'a considerable deposit or a£ in intimate mixture with the reef matrix.'' "From "the data at my hand, by the most eminent authorities on ore , ; deposits; covering the world's mih«s, Hessite is quoted as a mineral that has been: mined to great deptlis inmany mines." * VALUES OF DEPOSITS: Mr Adams's report says:-r" Using £4 per oz.* for'gold and 2/3 per oz for silver as the figures of market value, the ore of the Silver Queenpay chute, runs in value from7£Tl4 per ton downwards. , The bonanza. or specimen ore met with in mining. on Silver Queen and Julia ' refctfs.camies'.'as.high/as'looo.ounces of silver' to the ton.' "I estimate that a total tonnage of 800 lopg tons has been broken-from the Silver Queen stopes. ,Of this 800 tons ab'out 170 tons remain • in the stopes and 630 tons .have been shipped and paddocked, and give "an- average gross ore value of £3 15/-per ton." ' /- ,;\ ESTIMATED PROFITS: (Mr Adams's report) "Allowing* for; the -slime-' sand losses in concentration, losses in cyaniding;," mines stoping and.i handling and mill costs, the profit in ore of this value treated as just described-, would be/£I 15/-. per ton." These vaiu'es are worked for silver at 2/3 per oz.- . . V . "Witii silver at 2/6 per oz., the milling profit would rise from . J " • , ' . ... STRIKING FEATURES IN THE REEFS: (Mr A.dams.'s report) . "The niost striking fe&ture in "the reefs of this, property, is the abundance of Manganese^-in the -form of Pyrolusite, contained in them, for some depth'.below the outeropsr. Tire reefs are,' in fact, .highly, manganiferous near the stirfacey -and have been for the most part subject to acid solutions down to and below ; the depth of present mining. The exceptions are those portions. of the reefs •carrying-; primary ore- rSeh-in silver., Broadly speaking, it is quite evident that. deeper v working vill produce more extensive blocks of- pay ore and also that the bullion at certain levels will be found higher in gold.'' ' / , ' Further, the experience is % that' at a, lower level the primary ore is not >disturbed> being enhanced in yalue by vaiues deposited from the teachings of the upper portionß of the'reefs. " - V ; ; '; : ;..pSPiBCIIOK : O3? MINES: Arrangements have been made whereby groups subscribers can insjiect -the mine. Applications : should: be -made rtO'the .Secretary.-, v ■ :■■■/■ • • CAS# REQUIRED: The 'caslr required during the proposed stage dof development is £6OOO. The balance of the capital will be held in reserve for future expansion if-required. , • - , j . CLOSING- OF SHAJ&E LIST: To enable the .work-'at-the 1 mines to be proceeded with. without delay, the share list will be closed' on Saturday, 30tli. May, 1914, at. whieh ,date the. Directors >viJl proceed to allotment. : ILLUSTRATIONS: Full-page illustrations connected with this mine will .appear in the "Auckland, Weekly News" and the '.'Weekly. Press'.of date 13th May, 1914.' x . REPORTS, ETC.: Prospectus containing full details about the proposed Company, and exhaustive Reports; about the Mine, assays, bulk tests, etc., together with photographs of the. Company 's properties, and a map of the reefs and px-oposed development; also Forms of Application for Shares, can ;be obtained from the Secretary, Broker, or at any branch of the National Bank of New Zealand, Limited. • ~yV: >h . 4SSW ', '.. •" " '4 DAVID WHYTE, . Broker of the and Silver Mines, Ltd., ; • i , /Queen "Street, Hastings, *; •• •-Hawke'sv.'Bay.

BUSINESSNOTICES J. Jfawson Stewart, * 3. B. Beckett, F.N.Z.A.A. r '' 1 •jyAWSON STEWAfiT' ! & . BEJCKJ3TT, , PROFESSIONAL- ACCOUNTANTS, . v . .. TRADE ASSIGNEES. ASSIGNED ESTATES.—-Since. the commencement of our Business m IQOS We have probably arranged as , many Creditors' Meetings as any firm of. Trade Assignees in New ZealandPARTNERSHIP ACCOUNTS;—We specialise in this class of business, and have the reputation of : charging particularly ■ moderate ' '' ' ■ " • Nole*"th&'Address:152 HEREFORD STREET. W These are the coldMAY'* u> e <*th<sfr iyppths. JUNE Are you ready yet ? JULY ; Patterns how AUGUST showin t- , G.FLETCHER SON TAILORS OF TJJSTE COLOMBO STREET ,