DIAMOND DRILL COMPANY.

Inangahua Times, Volume II, Issue II, 19 September 1881, Page 2

DIAMOND DRILL COMPANY.

The adjourned meeting of the provisional committee of the projected Dia* mond Drill Company *was bald at Daw* son's Hotel, on Saturday evening last, when there were present Messrs Jones, Butler. •• Beecne, PitzGerald, Mv rpby, M'Laughlin, Wise.Fraser, Hankin, Loire, Boardman, and Batt. Apolo'eies were read from committee men unable to at" tend, and expressing foil concurrence with the project. Mr W. H. Jjfnes was voted to the chair, and explained that the meeting had been adjourned to that night in order to invite Mr Hobby, to attend. That gentleman was now in attendance, and had kindly offered to furnish such informal lion as the committee desired in connection with diamond drills, their probable cost, &c. Mr Hobby said that it afforded him great pleasure to. tender the committee every information at his disposal, but he preferred waiting until the arrival of the Australian mail, so as to be in a position furnish information as to reduced -cost, improvements and matters relating to royalty. Anticipating a demand for the diamond drills he had commuicated with the manufacturers for fuller particulars, and on arrival, would be happy to convey them to the committee. Tbe cost of a diamond drill to bore 500 ft, together with pump, boiler and connections, and dopli' cate parts of toM,.&c. would be £1100, and would be propoitionalely higher if the machinery was intended for deeper exploration. For conducting operations on the surface a six or eight horse-ipower boiler would be required ; weight under one ton. Also, pump and diamond drilling machipe complete. Na air-compres-sor or pipe for conveying air is, necessary in this case, but air-compressing mach« inery and pipes, would have to be used in all rases where the drill was fixed in a shaft underground, or in a tunnel. The diamond drill may be worked entirely by compressed air generated by water«power from any jiQint, „jf necessary.. Small poppehlieadywOulijl have to be erected to T«Wthe rods in surface boring, but were not required in underground boring. The who!e weight of a diamond drill did not exceed 320wt.. and no difficulty need be «pprchended in transporting it in rough country, a.s it could be taken to pieces and easily put together again. lMagonal engines ars attached to every machine and a small boiler as before stated would driv© it. 'tn ; Siawell where goring h a< * commenced under ground, compressed was sent down the sbaft in gas-pipes, was

used for motive power. The country here was not so bard as in Victoria, buf this circumstance should be considered an advantage in many respects, particularly so. in tbfc event of a diamond getting t&ose. it would not' here, as it would in y£ty bard ground, be so liable to injure or loosen the other 'diamonds in the bit. These drills would not bore as far borizdntallyas they would vertically. At an angle of 45 ' almost any distance might be bored, Judging from the nature and features of this field he had no hesitation in predicting that the introduction of the diamond drill would open np a grand future for the Inangahua, and so satisfied did be feel upon this point that he would Willingly become a shareholder in the proposed company. .The information obtained from Mr Hobby was considered sufficiently satisfncfory to, justifythe committee in taking prompt steps to form the company, and with thi3 view Mr Bpeche moved— That a Diamond prill Mining and Kock Boring Company, consisting of 24,000 shares at 5s each be formed, to purchase diamond drills for prospecting purposes. The motion was seconded by Mr P. Murphy and carried. ' Moved by Mr P. Butler, seconded by Mr C. Fraser and carried— That a subcommittee consisting of Messrs Wise; Bowman. Brecnan, Hankin, Jones. Lee, Faler, M'Lougblin, and Fraser be appointed tq prepare a draft prospectus, and other liecessary documents for organ* ising the proposed company. Such subcommittee to mpet et 8 o'clock on Wednesday evening, at Mr Jones' office, and that absent members be notified by cir- s culnr. * ,4 Moved by Mr Harkin, seconded by Mr Botler and carried— That a meeting of the provisional committee be held at Dawson's Hotel on Saturday evening next to receive the report of the sub committee. Moved by Mr Wise and seconded by Mr Be 'che, and carried— That the names of Messrs Hobby, Boardman, Walker, Gallagher, Archer, Watson, MKny, Love and Half be added to the committee. Moved by Mr Butler, seconded by Mr Becche and carried— That Mr Jones be asked to act as secretary to the company. Mr Jones would act temporarily until a permanent secretary were appointed. Votes of thanks having been passed to Mr Hobby and the chair, the meeting adjourned.