Page 24 Advertisements Column 1

Observer, Volume XVI, Issue 920, 22 August 1896, Page 24

Prospectus of Free Lance Extended G.M. Co. I The ' Free Lance Extended Gold Mining Company,' No Liability, is being formed to acquire from the Vendors the Free Lance Extended Special Claim at Waitekauri, containing about 88 Acres (the situation of the Claim is shown by reference to the locality plan) ; aud to develop and work same with a view to the re -sale thereof as a developed mine. The property has been very favourably reported on by Messrs John Featon and D. Stabbing, copies of whose reports are attached hereto. The Vendors show their confidence in the property by agreeing not to sell or deal with their Shares at less than the floated price until after the expiration of four months from the date of the registration of the Company. Out of the monies produced by the sale of the Shares, the sum of £150 will be paid to the Vendors, and the balance (less expenses of formation and flotation) will be placed to the credit of the Company, and will be available as working capital for the development of the mine. The only contract entered into is one by the Vendors, agreeing to offer the property on the terms of this Prospectus. Application for Shares Bhould be made and forwarded with cheques or cash to the Manager (pro tern.) Mk W. 3. Stokes, 26, Shortland-street. In case where no allotment is made, the application money will be returned to the applicant in full ; and where the number of Shares allotted is less than the number applied for, the surplus amount of the application money will be immediately returned to the applicant. The Application List for Shares mil close on Monday, August 24th. Immediately after the allotment of Shares, a meeting of the Shareholders will be convened, to elect Directors, approve of Articles of Association, form the Company, and appoint Officers. Prospectuses and Forms of Application can be obtained from Mr W. J. Stokes, 26, Shortland-street. Dated this 13th day of August, 1896.

Reports. To the Pbopbietobs of the Fbee Lanoe Extended S.C. Gentlkiien, — I have the honour to report upon your property as follows :— The Free Lance Extended S.C is situated at Waitekauri, and is hounded Westerly by the Free Lance, and Northerly by the Dorothy S.C, and in close proximity to the Gothic, Capstan, and Waitekauri Mooarch Special Claims To the South is situated the Mint and Craig's Reward Special Claims, and the claim is consequently well within the auriferous belt which traverses the Waitekauri district, and iv which belt is located thefamous Waitekauri Gold Mining Company's Mine now being opened up on an extensive scale, their main tunnel being not far distant from your Northwest boundary. Your claim, no work having as yet been done upon it, is consequently virgin ground; but several lodes have already been discovered in adjaceut properties, some of which should strike through jour property, where, with a reasonable amount of prospecting, they should be cut. The reefs at present known, which should traverse the Free Lance Extended, are the Waitekauri Monarch reef and the Craig's Keward reef, which is an immense ore body some thirty feet in width ; other lodes will no doubt be discovered when your property is worked. The Free Lance Extended is admirably situated for mining operations, the contour of the country affording extensive backs, thus enabling the mine to be worked fora longtime on the cheapest scale. On the property there is an abundant supply of timber suitable for mining purposes, and the main road, which runs from the Waitekauri township to the Golden Cross section of the Waitekauri Company's, is but a short distance from your boundary. In clo*iug this report I beg to state that when opened up there is no reason why your property should not be as valuable as any surrounding it. I forward with this report a rough sketch showing the position of the Free Lance Extended. I have the honour to be, gentlemen, Your obedient servant, JOHN FEATON. Auckland, August 7th, 1896.

Waihi, August 3rd, 1896. TO THE I't-OrBIETOBS OF THE FBEE LANCE Extended S.C. at Waitekaubi. Gentle hen,— l have surveyed this Special Claim and also the one adjoining called the Dorothy, and from my own persoual knowledge of the claim and its surroundings deem it a property well worthy to be developed. Mostly all the gold-bearing reefs in* the Waitekauri, as in the Waihi District, are bearing a little East of North, and by an inspection of any litho. of the Goldfields you will readily perceive that the Free Lance Extended S.C. lies iv a good position with regard to some of these reefs. You have excellent ' backs ' on the property, as well a • a stream of water and timber for mining purposes. I am, gentlemen, yours truly, D. STUBBING, Mining Surveyor.