Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 29 October 1880, Page 3

PROSPECTUS Of THE TXAFGAfIUA LOW LKVKL TU: ■»■ NKL' GOLD MISI>G CO.V TAVT, LIMITED, BEEPrON. t CAPITAL *12 0t In 24000 Shares of 10s. Ea ill. r To be "Rkptsteiikd itndkr the JV-Yfioi of " The Miming Companies' Act 1872." Calls limited to One Penny per Mont with a deposit of Two Pence per Share J on Application PROVISIONAL DIRECIOKS. ROBKKT OXLEY PATRICK BjIENKAS •^OHN Tr.KNNRUY GkOHGB Wlsfi William Gaiidneb Chahles Fuaseu ' .Jami> Connollt ]'• K. Gulline P. Q CAPLI3I JIATHEW Fai.se. llamilton JosErH Kitaauc BANKTaJ-5 : BANK OP NKVV ZEALAND. : , JAMES LY.VCH, Esq. f-KCRF.TAI!Y : HENKY GISU. tUSKttf. OBJECTS OP THE COMPAI^p In Bubmittinc tho proposed undt-rtalifp' for tho approval of the genernl public, un more especially tho inhabitants of th district, whose ink-res' b must neces-arily b directly benefited by the impulse given to further development of the hidden wnulih a ' (he field, and ns a sequence the 1 increase; circulation of -capital local y, the projector have every confidence in its sur-cesslul isni —which in the fi'-st place may be attribute* inaven large, degree to the widely express ■ opinions of a variety of experts — first innouj whom may be mentioned the ntiino of Dr Hector, Government Minerologist, &c. win says, that '• the construction of such o tunne emnot fail to intersect miuieruu- golden ant oiher valuable metallic locks ; lh« local mim erolojiical products of the neiahbourhooc * fully jus.tilying t lie assnmpt-ion of ih-ir exBleiice in well-deUued strata at a depth obtainable by the proposed scheme." Secondly By the immeasurably superior advantages o pi'ou'tably working many lines o f reef now ir abeyance by le.isonoi the exceptionally bijjli rates attending the produciion of otherwist payable stone by companies ot limited capital j thirdly— : i om the laet of the Government rpcojjiiiiing '* at the imtanco and rocommentiation of their Engineers " the impo: taucc and value of t lie work, o.* a means' to n great public good, by guaranteeing a subsidy o! £ for£ oT t-apili'l' subscribed "by thtj puhlie— fiicts that may be generally accepted asgtiong elements in support of the bond fides, und deeicK-d ultimate success ot the venture, in uddition to which a further aid liberal con* cession has been made in'grantiug the cojtpany right to GOO feet in width on either side ot the entire leugtli of the proposed t unnel outside of vested interests, and as nine distinct and separate Hues of gold-bearing reef In verse the company's claim at a ri^ht angle, or thereabouts, apart from any others not visible, which by reasonable inference may bo mot with, it may be fairly characterized as a hishly promising speculation. Asi ill further addition to the anticipated profits is represeuted by. a tariff on haulage tor other com« panics, estimated at, say, 10 per cent over woikjng expenses. TJiero is v distance of three-quarters of a mile ot unoccupied land Irom Iho storting point, through ■swhich 6ev<HMl of the knowu lines of isef traverse. The company propose to drive a tunnel from the right to the left hand branch of the Inangnhui river, a through distance of some two and a-half miles, and thereby intersecting v perfect network of gold-bearing reels ; a number of which have been partially worked on the surface oiry, but with payable results, which, on th« (xtension of the pros po-ed tunnel would be at once turned to profitable account, os many of them would be tapped at depths rjnging from 1500 lee' downwards from tho outcrops, ensuring an unlimited supply of gold bcsriiig stone, which by a thus reduced cost of production cannot, in the opinion of the projectors, tail to ieavo a very handsome margin oi profit, The Golden Meece Extended Gold Mining Company, whose lease is on the propped line, are at present raising stone from the lo* lt'Vi-1, 700 feet .below the outcrop, giving the hund.-ome return of two ounces to the ton, which is the bist yet ootained irom the mine, und may be accepted as. indicative ol the accuracy of a very prevalent opinion " that the rlchnt ss of our quartz lodes increases with their depth." Tho maximum of Cali9 will be One Penuj per share per mou:h, thus affording uu opportunity to nil eLu-ses of participating in the venture by the liuiiiatitni of liability tc a minimum. A Jifteen— head stamper battery is erector] immediately contiguous to tho tunnel's inouib, available lor crushing any stone obtained. As a mining speculation, it pre-enla direct and prospective advantages seldom aid with in kiu::'rea ventures, aB illustrated by the combination refenvd to, and still further by lecent statistics furnished to Ike New Zealand Governiflriit, showing that 108,1880z.-i ot gold, the yii'ld ol 156,802 tons, representing aii average of 13dwis 19 grs., or nearly lldwts per ton liuve been obtained by the various company's that have been, and are at work on the lines of reef proposed to be interjected. Taking the money value per ton £2 12s Bd, a clear profit oi £1 us. per ton can be secured, allowing the cost of production tc 1 bu divided thu — crushing by wa er power ss. per ton ; co;>t ol ruiMiig stoi'e, 10s 6d per ton ; wear, tear, in magi uient, and uc-i.liu-Keucii'6 13s (id. Total, £1 7* Bd, leaving o balance of £1 5s to bo divided as profit. In conclusion, the projectors wiih everj confidence assert that a more genuine mininj; venture, uud one possessing the same elements to achieve success has seldom, if ever ueen put ou the market. PROSPECTUS AND FORMS Ol APPLICATIONS FOR SHARED 10 BE OBTAINED FROM. IMA UNDERSIGNED. HENHT GEO. HANKIN, Secretary. _^ GHAitl.i:a~H. >D-WAUL I S. STOEEKSEPER Black's Point. G0OD& PACKED TO ALL PARTfc OP THE DISTRICT.