Page 20 Advertisements Column 1

Observer, Volume XVI, Issue 925, 19 September 1896, Page 20

PROSPECTUS Hawße's Freehold TAPU CONSISTfNG OF ISO ACRES. To be formed into a Company under the No-Liability Section of the Mining Companies Act of 1894, with a Capital of .£10,000," in 100.000 Shares of 2/- each. 70,000 Shares to be retained by present proprietors 10,000 of which are to be paid up to 2s 30,000 Shares are offered to the Public at £30 per 1000 The whole of the money realised by the Shares that may be sold to go to the credit of the Company less brokerage and £200 for expenses. This valuable property is situated at Tapu, and adjoins the Golden Point, also the Sheridan Gold Mining Co.'s property, which is now under offer to a powerful syndicate. The property has been highly reported upon by J. A. Wauchope, M.I.M.E. F.R.G.S , and John Williams, Manager of ' Golden Point ' and ' Sheridan ' Gold Mining Companies. There is a good Battery Site, also an inexhaustible supply of water. Plans, Prospectus and Reports may be seen at the ofnces of R. Burns, and Messrs. Woodhouse and Black, Sharebrokers, Cook's Buildings, 37 and 39 Queen Street, Auckland, on Thursday, at 10 a.m.

REPORTS :

auriferous region. This, and other new discoveries indicate that the full richness of this greatly neglected district cannot yet be even approximately estimated. Hitherto the work at Tapu has been practically surface work, a mere scratching, yet thousands of ounces of the pzeciona metal have been scraped out of the ravines and creeks Gullies have been worked and abandoned without common intelligence being exercised to discover the quartz veina from which the gold was sbed. In the near Inture I am confident that fresh gold deposits will be found, and the old ones traced to their source, and capital inttlligence and adequate machinery brought to bear upon them. Already, the labours of the Golden Foint Mining Com* pany have proved most encouraging, the preliminary difficulties having been overcome. This district, there is every reason to believe, is on the verge of an area of prospeiity and expansion of which it is yet difficult ,to foresee the amount or the end. 1 can only add that the area owned by you is yet awaiting complete exploration ; it has every indication of great mineral richness, and I have every confidence in saying that with a fair amount of working capital and the systematic conduct of operation, your property offers every inducement for development I have the honour to be, Gentlemen, Your obedient servant, (Signed) John A. Wauchope, M.I.M.E.F.E G.S. Tapu, August 7, 1896. To the Shabeholdeks of Hawke's Fkeehold. Gentlemen, In accordance with instructions to hand from your Secretary (pro tern) requesting me to furnish you with a report on the above property, I have the honour to submit the foJlowing for your information. The freehold property in question is situated 1£ miles up the Tapu Creek or that distance east of the township, and on the north side of that stream is the exact situation of your mine ; a perfectly flat macadamised road leads up past the mine, which comprises an area of 150 acres, with an abundant supply of water handy and available for use at any time of the year. And is bounded on the west side by the Golden Point and on the east by other freeholds. It may be worthy of mention that a range of hills, rising to a considerable height, and well within the area, gradually taper away as they reach the stream and afford excellent facilities for mining otherwise than sinking. There is a belt of splendid auriferous country passing through your property, and of that class that offers inducement for extensive explorations. The lodes trending directly through the eastern portion of the area are as follows : The Sheridan main reef and Jamieson's, which lodes are of considerable dimensions. The product of gold from these lodes yielded from one to two ozs. per ton (of ore) ; their strike is 20 degrees east of north, with its underlie to the east. I would like to mention that the Mata system of lodes will traverse the area on a southern trend, all of which show a little gold at the outcrop. In conclusion, I have not the slightest hesitation in stating that the property you possess is a valuable one. Being thoroughly acquainted with this district, I can absolutely state that the ground embraced in your area is unexplored. I feel assured that the property offers excellent inducement for the expenditure of capital in a judicious mamner. I have the honour to be, Gentlemen, Yours to command, (Signed) John Williams, Manager Golden Point and Sheridan G. if. Companyß.

" August 10th, 1596. To the Pkopkietous of Hawke's Fkeehold. Ge n tlb me n, — In accordance with your instructions to furnish you with a report on the position and general environments of your property, I have much pleasure in stating that for the purpose of this report I vis. ted your estate on July 21st, noted the configuration of the surface and the advantages it possesses for mining purposes, and have now the honour to hand you a report of my investigations. LOCALITY AND ACKEAGE. The property is situated in the Mata' Mining District, which is in the northern section of the Hanraki Goldfields, a little over one mile east of the Tapu township, on the north side of the creek. The area is bounded on the East by McMahon's Freehold, on the West by the Golden Point G.M. Co.'s property, on the North by the Golden Point Extended S.C., while the Tapu Creek divides it on the soath side from the Sheridan. The position can be seen on the accompanying plan. The area is 150 acres. MEANS OJ' COMMUNICATION. A distance of about 1/5 miles separates your property from the Thames, and is connected with that place by a macadamized road which leads past the estate. At the entrance to Tapu Creek there is a Government wharf where vesseis can take in or discharge cargo at high tide, so no difficulty so far as transport of machinery is concerned will ever be experienced. KEEFS. The Sheridan reef's angle of bearing is 20 degrees E. of N. with an inclination to the east of 40 degrees ; this course takes it through your property. . The trend of Jamieson s lode is also through your ground. The ' Sheridan's ' make of stone averages about '2ft thick, while Jamieson's is about 1"2 inches. Incontrovertible evidence has been obtained by bulk crushing^ of the capabilities of both these ore bodies ; the yield was from one to two ounces of gold to the ton of ore. The Mata system of lodes, on their Southern trend, will also be found to traverse your area ; these lodes are now being prepared for working to the north of you by the Golden Point Extended Co. All these lodes show a little gold at their j outcrop, and only require properly directed exertions to ensure large returns I might draw your attention to the high value of the noble metal contained in the Tn.j>u reefs. The gold of the Hauraki district is generally worth only from 48/---to (ill, - per oz. The Thames present average fineness is, I understand, about (JiSO. In the early history of the Tapu field, the contract price given by Mr Banks for Tapu gold was £'6 Us Gd. My assay values from this district have never been less than t"-S 17s Ud an oz., and as much as .£•! 2s lid. WATEK AND BATTEItY. The Tapu Creek, having an inexhaustable supply of water, flows along your southern boundary, and could, by means of water races, easily be made available for working a large battery. A battery site is also available on the foreshore of the gulf at the mouth of the creek. The ore could be brought thither by a tramway from the mine, which could be constructed at a nominal cost. 'I'LMIiKK. You have abundance of timber on the estate for all mining purposes. CONCLUSION. The recent developments at the Golden Point Mine, a gold-beariog reef having been discovered to exist '200 feet below sea level, is proof positive of the downward continuity of the reefs in this well-known