Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 2 June 1880, Page 3

PBOSPEC^tTS OV THB i ■ TNAFGAHfTA LOW LEVEL TUN- -*- NEL GQLD MOIiNG COMPANY, 11MITEB, REEtrON. CAPITAL „,~" ^ I.„ .£12,000; In 21900 Shares of. 10*. Easb. To b« Beowtebbd ttudbb wtß Peotisioks ] 09 " THB MININ* CckPANIKS* ACT*/ 1872." | [ Calls limited U One Pmny per Month, \ Kith a deposit of Two Ponce per Share ©* Application. pmrisioiuLmßEGTom \ ROBBBT OzIET PaTIICK BbBNKAH •John Tbbhxbbt Gbobgb Wisb WiLtrAii Gahdnbb CHJteLBs Fbisbb * J AMBB CoKNOtLT R. M. GotHNB P. Q. Caplbs Mathew Bybnb Fbaks Hahiltok Josbph Kimoob Bakkbbs : BANK OF NEWIZEALAND. So£lClttiß : JAMES LYNCH, E?q. Sbcbetabt: HENRY GE(i7|HANKIN. OBJECTS OF THE COMPANY^ In submitting the proposed undertaking for the approval of thef general public, andi more especially the inhabitants ef the district, whose intfresta /must necestsrily be directly benettted by tW impulse gi*« *« • I further development of Ihe hidden wealth of ! the field, and as a seduenee the increased circulation of capital llcally, the projectors have every oonßaWeif it, successful usne —which in the first plale may be attributed in a yen l"ge degree fcj the widely expressed opinions of a variety ol experts—first among whom may be mentioned the name of Dr. Hector, Government Iffnerologist, Ac., who says, that" the constant on of such a tunnel cannot fail to intersect fiwnerou* golden and other valuable metallic |od<f j tike local miv» eralogieal products ofltbe neighbourhood I fully fue^ifying the aisiimption of their exstence in well-defined strata at a depth obtainable by the propotedlecheme." Secondly : By the immeasurably saperior advantages of profitably working manlr lines of reef now in abeyance by leason of me exoeptionallv high rates attending the prinuetion of otherwise payable stone by companies of Jisafed capital, \ tbirdlywrrom the teetUf the Government recognwing <f«t the intance and recomimendation of their Enginsers " the importance and value of the work, ara means to a great public good, by guarantying • subsidy of £ for £ of capital subscribed by the publicfacts that may be generally accepted as stiong elements to support of the ho*a fiifai and decided ultimate success ot the venluns, in addition to which a furmer and liberal con» cession has been made in ( wntiog the company right to GQO fept inVjdth op either side' of the entire lengtii of tfce prepi ledtu^aelputaida of vested interests, and ai 'nine distinct and separate lines of gofcUb aring reef traverse the company's claim at a ight angle, or there* about*, apart from an; others not viajble, ( which by reasonable infe ence may bo met with, it may be fairly eharaeteru^ed as a highly promising speoulaaon. A still further addition to the anticipate! profits is represented by » tariff on haulage for other com* ' panics,* estimator at, sax W, per cent ov«r working expenses. ' T There is a dfftanee «fl Aflse-fluarten of a i mile of unoccupied land! from the starting point, through' 'which seteral of the known lines of reef traverse. I , Thn company propose toprive a tunnel from the right to the left hand {branch of the In* angahua river, a through I distance of some two and a-half miles, andjtbereby intersecting a perfect network of gold-bearing reefs j . a number of which have been partially worked on the surface only, but with payable results, which,' on thn extension of the pro* posed tunnel would be at I once .turned to profitable account, as manr of them would be tapped at depths, ranging front 1600 feet downwards from the outcrops, ensuring an unlimited supply of gold bearing stone, which by a thus reduced cost of production cannot, in the opinion of the projectors, fail to leave » very handsome margin of profit, The Golden Fleece Extended Gold Mining Company, whow lease islon the proposed line, are at present . raising istone . from the - low level, 700 feet below that outcrop, giving, the handsome return of twfc ounevs to the ton, which is the best yet obtained from the mine, and may be accepted las indicative of the aocurasr of a very prevalent opinion " tbat the richness of our qaartz lodes increases with their depth." I The maximum of Calls will be One Penny per share per month/thus snprding an opportunity to all classes of nrticipating in Jhe venture by the limitatioa of liability to a minimum. I - A tffteen-head stamper battery ( is erected immediately contiguous tol ' the tunnel's mouth, available lor crush ng any stone obtained. As a mining ("peculation, it pre-eots direct and prospective advantage seldom met with in kindred ventures, as i ustrated by the combination referred to, and still further by recent statistics furnished b the New Zea« land Government, showing i iat 108,188oz«. of gold, the yield of 186,868 »ns, representing an average of 13 dwts ldgrs., or nearly 14 dwts. per ton have been f btained by the various company's tbat have teen, and are at work on the lines' of reef pronpsed to be intersected. Taking the aonel value per ton £2 124 Bd, a clear profit of £lp. per ton can be secured, allowing the cost c production to be divided thui~-cru*hiog b waer power, Ss. per ton; cost of raising stone, 10s 6d, per ton ; wear, tear, managem nt.and contingencies, 12s 6d. Total, £1 1 Bd, leaving a balance of £1 5s to be divide! as profit. In conclusion, the projectc s with every, confidence assert that a more genuine mining venture, and one possessing the fame elements to achieve success has tildom, if ever, been put on the market. " PROSPECTUS AND <>OSMB OF APPLICATIONS FO 2 SHARES TO BE OBTAINED . ?ROM THE UNDERSIGNED. HENBY GiS! HINKIN, Secretary OH4KLES H r El wlrS^ STOBE X; E E >E. R Black's foint. •"IP PACKED f 0 ALL PARTS OF T#B DIBICT,