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NEW ALPINE COLD MINING COMPANY, LTD. CAPITAL—£2S,OOO in 50,000 shares of 10s each. Issue of 34,000 Contributory shaateis at par. . Is on application.; Is on allotment; balance in calls as required not exceeding 6d per share per monthThe property is the. late well-known Alpine mine at Lyell, West Coast of South Island, formerly one of largest gold ptfoducer'Si in the Oolony. Prospecting operations conducted since the late Company'disposed of the mine have disclosed a new reef in virgin country, north of No- 7 level; of almost phenomenal richness, showing coarse gold freely all over the face, in splendid track of 4 to 5 feet wide, in very kindly solid country. It is widening as driven: upon as well as steadily improving, in vaihiie, amd has every indication) of permanency. The stone is of higher grswle than any previously foaund in the mine;, and so far as is known ia rioter tlilan any hithlerto mined on 'tlie West Coaist. A'ssiays made from trial lots from new reef taken at ran'domi acrossi the face, and believed to be fair" aiVerage samples, have given: the remarkable results of from £219 to £416 per ton aifc A&ny Department, Bank of' New Zealani, Auckland," while parcels oif aibooit 561bs similarly taken by Mi" Curtis, Mine Manager, as. faiir trial, gave ait Eeefton Sahbol of Mimes at rate of 970z. 13dwt. per ton, gold being worth about £1. per oz. Ih-i mine is equiipped with ■complete plant of 20 stamp battery driven by Pe-lton "Wheels, ample water power, and valuable extensive waiter races and otliier netaessary rights; air compressors and pipes; miles of rook tunnels to reef in 12 levels; amd represents as it stands 1 a oasSii outlay of ovea« £50,000. The property lends itself to economical workingD baying, about 1500 feet of backs level free- The famous "Tryoonnel," "Break o' Day" and "Little "Wonder" claims are all included in the Company's extensive holdings, which total about 170 acres on line and underlie of lodes. As a liiniifcedl number of shares is reserved for Thames, early application is neicessary- Prospedtus and forms or application nuay be tod, and samples of stone inspeotied at office of the ' BMk" H. C. BIILESWE. liif) open far two onlx,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/THS19070117.2.30.1

Bibliographic details

Thames Star, Volume XLIV, Issue 10194, 17 January 1907, Page 3

Word Count
370

Page 3 Advertisements Column 1 Thames Star, Volume XLIV, Issue 10194, 17 January 1907, Page 3

Page 3 Advertisements Column 1 Thames Star, Volume XLIV, Issue 10194, 17 January 1907, Page 3

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