Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 21 May 1880, Page 3

PRQrff JpEOirtTf;:" INAFGAHIfi^LOW LEVEL TUNNEL GOLD MLTOG-eOM* PANY; LlMlffi©; BEEtf^f ~\ capital L " ..; !." Mos In 24000 Bhares pnoVßtali. ■■"■■■'■ ■•' I 'mmmm:.',< 'A ' i'^"> % To be Rsoisraßßi) vspß^THsP^^rsjoifif C^fls Uniio i ! p Pmtfy } $erlif drifts ok Application. rioriswirA^DißSCTOßS. ; RoBBET'OxtH r . Patrick Beennaw John Tbbk»j «X.' , Gbobob VVisk > WIMUK Gl DNBE CHABLBB FHASBB * Jamks Conno iiT R. E. GtrttiNß P. Q.CAPWB . MATHB?r>I?yBNB „ j Faakk ;H ami p9P'...J os^ph . Jpta^w ? Bankbbs :* BANK ( F NEW ZEALAND. [ Somcitob : james lynch; 'Efq.', '■'■ ", : [SeceotlbY: HENHY GEO. HANKIN. OBJECTS |OF THE COMPANY. In subniittiig the proposed tfndertsfrinf for the appro al of the general public, a>id more especial y the ~trihabif ants of the district, whose interests' irfu»t'ueoeS«anly be directly bencH ed by the Mnipulsd given to a further develoj ment of the hidden wealth df the field, and is a -.sequence the increased circulation of capital locally, the projectors, have every co fidenVetn its successful \itte> —which iff the first place may be attributed in aver; large legree to the widely expressed ' opinions of a *Hefy of ekperts-^first among whom may be] mentioned ttil^riame of Dr. Hector, Goverlment Minerologist, &c., who says, that' 1 ' thebonstnrtion of such a tunnel c*nnot fai\ to intersect numerou* golden and other valuable Jaetallio lodes; the UxSalminx erological' proouets of tbe neighboutbood fully justifyingihe assumption of ibeir erstence in well-Uefined strata at a depth obtaittable by the proposed schema" - Secondly : By the im'meastrab'ly superior advantages of profitably workbg many lines o* reef now in abeyance bf lesVonof the exceptionally high rates attendinglthe production of) otherwise payable stone byicompanies of limited capital j thirdly— from tie fact of the Government recognising "atl the instance and recom*mendation Of tb*r Engineers " the importance and value of thetwork, as a means to a great public good, by guaranteeing a subsidy of £ for £ of dapitillubscribed by the publicfacts that - may b* generally accepted assttong element* in tupAort of the hona fid* fund decided ultiJßttte] sudMss ot tb«i venlunsTi in: addition to wbio* a further and liberal con« cession hns been mhde in granting the company right to 600 feet i* width on either side, of the entire lengtli of tbb proposed tunnel outside of vested' inttsrests, *nd as. nine distinct and separate lines of?igold»bearingl wef traverse the obwpanyrf claito At a right angle, or thereabouts, apavt «froW -«njL others not visible, whicK'by reaMtta&U inference may bo met with, it may -ib* fairly obaraote.n*ed a* V, highly promising speculation, A still further fldditKra^fo th» Biti4ip«ted profits is represent ted- by a'tariff for other com* paniesi estimated at, .say, lO^per cerit over working expenses. I, .' " '.. There 1 is 1 s/dujtante of three-quarters of a mile oi unoccupied [land from the starting point, through whion several of the known lines of reef* traverse! ' Th« company propose to drive a tunnel from the right' to' the left tana branoh of the Inangabua »iv#r fl athrdugb distance^of some I two and a-h»lf milesi and thereby interseot'--ing a perfect uetworßof gold-bearing ;r^efs \ a number of which ha|^ been partially, worked j on tbe surface qnVr» put . with payable rt^, I suits, which, ' on thin I extension of tbe pro*' posed tunnel would ,M. at , onue, turned' to* j profitable account,, sslmanj '"of therif' 'would be tapped at' depths An'ging from ljsoo feer I downward! from tbe' lutcrops, ensuring an unlimited supply of gob bearing stone; whioh 1 by a thus reduced cost uf production cannot, \in the opinion of tK| t projectors^fail to I leave a'very .hanflsonVeliargiu <^f p»pt* I Theflolien Jieece Extended .Gold Min- { ing (Doppany, whoMleaiejis.on the prpßpfpd line, are at present" rating stone from^the lo.ir level,' 7oQ,./e«t f ,,beh?,4 the, pujtcsog,, giving the lian4sdmje return pJLtwo,aune»ftjo,,th# lyon, which 'is the, bestjet obtained from the Afne,and mays be laooepfed^s, indicative oi accuracy of a very! prevalent , opinion the richness of.our quartz lodes ivwith tbeif deptb."k ,-.■ fjVi'CA* '^sumum, of Ojillslwill be One Fenny per' month, tVuk" ifforcling an opto*Jl 'Classes If participating ip h/the^ to pPninimunn t ' -^ '^Ti'li^SHßn ';• - \ A flfteen^hea4sUmp^tfcatlrfit. erected [ immediately ■ contiguous , :to ..the tunos^ mouth, availttbto for : orulbing ■ any stone' obtMPed< ,v. • I ' |J- - )Il '« :** As a mining speculation, f praMjili? d||gs< and prospective' advantavs 'seldoa^HH with in kindred'venturea, asjiUusfratdo^HH combination referred to, anil stHl fursJßH recent statistics furnished So the Nc^^H land Govemment, showing Uwt 10%lCH of gold, the yield of 156,862 lOnsy repreMH ing an avenge of 13 dwts ' IB grib, or netry 11 dwts. per ton have been wbuiued by the various company's that havelmin; and are at work on the lines of reef profosed: to be intersected. Taking the money valuef per ton £2 12s Bd, a dear profit of £l\ss. ; p»t ton oan be secured, allowing the cost of production to be divided thus— crushing bi wa er power, ss. per ton ; cost of raising atone, 10s 6d, per ton j wear, tear, managemeht, and dontiugenoies, If s 6d. Total, £1 7' Bd, leaving a balance of £1 5s to bo divided as' profit. -' In conclusion, the' 1 projeotoi i with' every confidence assert that a more ] enuine.mining venture, and one possessing he same elements to achieve success has « >ldom, if ever, been put on the market. PMQSPECTZtS ANP 1 0BM$ OS APPLICATIONS FQ< i SHARES TO BE OBTAINED j BOM TEE UNDERSIGNED. HENRY GEa HANKIN, Secretary] STOREKEE PER ; . BlactV Poii. ' GOODS PACEED TO ALL PARTS * OF TSE DIRICT,