Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 27 September 1880, Page 3

■ PBOSPECTU3 GV THE TNAFGAHUA LOW LEVEL TUN -fi- NEL GOIID MINTnG COMPANY, LIMBTED, lIEEFIOX. CAPITAL .., I ... ... £12,00( In 24000 Shines of 10s. Ea:h. TO EE T?KGTSTE7!EI) JKDERTITr! Pll'' .VISION! oi? " The Mix M.no CoiiPAJiiEi* Acts 1872." Calls Umilcd to Cue Penny per 11 onth tcith a deposit of Two Pence per Share on Application. PROVISION^ DIRECTORS. ROBEKT O.VLET IPaTRICK BIIKNNAN John TiiEJfNEKY G-koege Wise William. GAnDNEiiICuArLB-? Vr±-\^ Jambs Connolly M. >-• ':VuLLrNK P. Q CaI'LUS pJATIIEW BrUNB FbJ-.'-E: iiAAItLTON JOSEI'H KiLGOUB Banheks : BAKE OF JS'HW ZEALAND. iSoLilciTo?: : JAMES LMxVCii, Esq. lIENIJY GEY. 13-ANEIN. OBJECTS OPIIIE COMPANY. In submitting tho Ipropotfed undertaliing for tbo approval of tile general public, and more eapooiaily the j inhabitants of the disfriot., whoßi! interest i must neeesaanly be directly benefited by tile impulse given to a hu-Uier tlovulopment ofjtlie hidden wealth ot the field, and as a sejjueaco tho increased circulation of capital Wily, tho projectors hnvn every confidence m ita successful issue — wliifh in the first plate may be attributed in aver? krge degree t<J the widely expressed opinions of si variety offlcspcrts— first among whom wnv bo lnoiitioifsd tho nauio of Dr. Ileetor, Goyernment Sijnorologiat, &c.. who says, that" tho eonstru itjoii ofauch a tunnel cannot fiii\ to intersect luincrom golden and other valuable metallic 1 >dts ; tho local ininw ovological products of tbo neighbourhood fully justifying tho aasu nption of ihuii- exsteiico in well-defined 6 iraia afc a depth obtninnble by the proposed theme." Secondly: Ey (he immeasurably en jorior Rdvnntagesof profitably working manj lines of reef now in abeyance by reason of tt c exceptionally high rates attending tho proc notion ot otherwise payable stone by coinpani mol limited capital ; fchirdlj— lvom tho jaet >f the Government recognif,ing "at the in tance and recomw mendation of their Engin era" the importance and value of tho work, aa a means to a great public good, by guarantee 11 g a subsidy oi £ for £ of capital subecribjd by the public— facts that may be generally accepted as strong elemonta in support of tfto hona fides, and decided .ultimate success oi tho venluro, in addition to which a furtlicr and liberal con» ccßsion has been made iv gi anting the company right to GOO feet in width m either eide of tho entire length of the propo: ed tunnel outside of j vested interests, and aa nine distinct and separate Hues of gokUbe iring reef traverse the company's claim at a r gbt angle, or thereabouts, apart from any others not visible, which by reasonable jufes ;nco may bo mot with, it may be fairly liaracterized as a highly promising speculation. A still further addition to tbe anticipated profits is represented by a tariff on haulf ge for other com* p&nies, estimated at, say 10 per cent over working expenses. There is a distance of three-quarters of a mile of unoccupied land I from the starting point, through which several of the known lines of isef traverse, I'hfl company propose to hho a tunnel from the right to the left band brunch of the Iv" angahun river, a through distance of some two and a-half miles, and thereby intersecting a perfect network of { old-bearing reefs ; a number of which have be sn partially worked on the suirfacc on'y, bnfc with payable results, wliiob, on the txtausiou of the pros posr-d tunnel would be atl once turned to profiiuble account,, as niaiiy of thorn would bo tapped at deaths riingijig from 1500 feet downwards from the outcrops, ensuring an unlimited FUpply of gold bJavitig stone, which by a tbus reduced coat of production cannot, in the opinion of the jrojectors, fail to leave a very hiindsonic mai ;iu of pvoflt, The Golden Fleece Extended Gold Alining Company, whoso leaso son tbe proposed line, are at present raising stone from the loff level, 700 fret bclcw tl 0 outcrop, giving tho handsome return of t >vo ounces to tho ton, wbieh ia tho beet yet c brained from the mine, and may be acceptec ag indicative oi the accuracy of a very ] revtik'nt opinion " that tho richness of our quartz lodes increases with their depth." The maximum of Ctilla /ill be Ono Penny per share per month, tbus affording an opportunity to all classes 0 participating in tbe venture by the liaiitat on of liability to a minimum. A iifteen-head stamper battery is erected iinniuliately contiguous ;o the tunnel's !>tou!h, availabio for cm ihiug any stone obtained. As a mining speculation, it presents direct and prospective adynntabos seldom met with in kin-Jred ventures, ai illustrated by the combination referred to, add still further by recent statistics furnished J to the New Zcaa land' Government, showing that 108,18Sozs. of gold, tbe yield of 130.8CE tons, representing an average of 13 dvvtßj ID gra., or nearly Mdwlu. per ton liavo bean obtained by the various company's that halve been, and are at work on the lines of reef jjroposcd to bo interjected. Taking the t Incy value per ton £2 12s Bd, a clear profit o(|£l sa, per ton can be secured, allowing th'j cult of production to be divided thus — crushing! by wacr power, ss. per ton ; cost of raifciig stone, 103 Gd, per ton ; wear, tear, mancgl'iiieiit, and contiiigoneies, 12s Cd. Total, £S 7a Bd. leaving a biiknco of £1 5s to bo divilled us profit. In conclusion, tho projc :tors with every confidence assert thai, a mo 0 genuine mitring venture, and ono posseßsii g tho same elements to achieve Biiccess L is seldom, if over, becu put on tho market. PROSPECTUS AND FORMS OF APPLICATIONS 1 Vli SHAMES 'JO BE OBTAINED FROM TEE UNVMI2SIQKED. 1 HENRY GSa HA&KIH, Secretary. OHARLES~iI. jJdWAKJDS, STOEBEEIPE It Black's Piinfc. GOODS PACKED tA ALL PARTS 03? THE DIIJICT. i