The Express.
London, England, 1862-02-08 00:00:00

PkOSPECTIJS.

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This Company Is to-mica for the of purchasing and
eorktug b.:veldt vdluAble dipper mines, situisted North of Port
Alumna, In thc colony of South Australia.
The proyyra•rly c.mwrise, the •• Yudanarnutans," Wheel Glee-
sou.- •• Marto:hut:we Mines." and seven surrounding mineral
sections funning one compact Mock of WO scree): also the
V. heal lineman Mine, constituting In all ne't acres, in eleven
sections of So acres crash, grants'sl to leases by the Colonial lir
vernment, under disks of August. September, and November,
lsol. at a rental of los. per acre, per annum, for fourteen years,
with nulit of ft dee al for other fourteen years, upon pa).ueot of
a not to he nu-. 1 by the Crown of not less thee Li, and not more
th A...Alper acre.
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The valtiable character of these mines Is established by men
of practical milling experience, whose testimony on oath, before
a committee of the LI ouce of Assembly at Adelaide, is subjoined,
eshii ut mg tuntou bled evident: of the amazing resources of the
Yuclanainutaus property, while practiatily this evidence is cor-
roborated by tile fact that about IS tons of ore, valued at about
a;24.:4, were raised and carted in ten days, by nine men, and
allipped for London. Larne quantities of nob ore can be promptly
procured by titc, quarrying, rendering it, of course compass•
rely inexpensive In raising.

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The distance of the ii.ercet mine from Port Augusta la not
more than 120 mike, while the farthest is about Gs kayoed, with
excellent mails. the Port Augusta Tramway Company, mute-
over, which is now In tiaras of initiation, uuder most favour-
able terms frusta the government, will speedily give Increased
facilities of transmission from and to this district
The purchase of these several mineral properties, Including all
ores at surface, has been made on the follow mg equitable terms,
without any restnctive rights or royalties, namely, gtS,OM In
cash, and 15,0 W paid up shares, on assignment of the property ;
none of these ;here& Lelug transferable till six morales after the
date of issue.

The capital of the Company la ample for the adoptioa of
vigorous operations at the various mines, and will leave a largo
amount In hand as a reserve fond, while from the profitable
results which will accrue, early dividends may be reasonably
expected.
• • • •

All charges for promotion, adveriAsementa, br.,kers' remsnls-
Lou, In .lilts All preliminary legal and tither expemes, up to und
Including the oats:n.l !emu( ragtstretion of Clan Cumpeuy, have
been dennont laud agrand fur at 3 put MAL upon Use u.iminal
capital of the Comp,tuy.
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Applications fur shares may be made to the Bankers or Brokers
in the &imam: I form but no application for low titan floe
shams, or a multiple of doe, will be considered, nor unless a
ilet.wit of cl on iach share applied for La previously paid to the
bankers of the Cmpany.
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To reinter the allottuont as equitable ae practicable, the share
will be among., is•te,l in 11111, lu the order of Application, gieigurd-
tug to tlio liank,rgi book, and the hat closed as wen as the re.
quires iiiini!w-r of shares is subscribed ; but nu allutailelit Above
1,1100 share. will be made to any applicant.
A wleet committee of the South Australian Hutment Assembly
was emwintvo in June, lath), to take evidence on the minaret l
character of the northern district of the colony. The examine-
Mon of the following practical alining WitheilitS, by the chairman,
on the Ylkienallilliirtlla properties is as follows,
Mr. Wool's evidence. -Could you give a rough statement of
what copper tlo, e might be lying in the north ready for cart-
agt!-I could in, saq. There is an Immense Mimi or copper
ly law on the surf we at Yudanaruutana.
Mr. Alfred Frost's evidence.-Does the ore crop oat on the '
surface, At any pit" s }owl ha" WO, to any large strut)-Yes;
at Yudabamotana there fa aa hastens. late. There are two
sections, and in the t. °ethers& section are four lodes rennin/
north sod south, anti one east sad west and In the squtheru
section there ts tete hole-o very heavy body of green carhouate
-eel) mg from ti Inches to 17 feet thick.
When you spoke of a hale 27 feet wide, Is that solid ore, or
rock awl ore nosed 't.-That le all copper, it Mayas about three
feet out of the groetel, se it the rain ha I washed the surface
away cool left it aLitenug. At the estateru sole tit the ludo it is
wry wild.
Is the quality of it grsett-I have had some of it assayed, and
It averaged 50 per r,l.t.
Is it likely, du you think, that a large quantity of are would
be raised !-Weil, 01r. Wit, woe with me, and he odd he thought
there was very n -arty Lyle, tout of cottlev uu the .tin see,
titleas ea qualtty or the ore lea luiv, seen-
Is It tanerally goo I :-111 n.mu itiStal. 05 remarkably pool; at
YWIIIIIAIISUII4II.I the I.er tentage is very high.
Mr. Abort s volt:ace -Near V utlatiaututana, I think, there is
plent) .4 water for all the year. As for a. going to WNW! Min.
man en CODetflittl, I I.ICIIOI. you can ride up in the nodal curt to
within ~./S wile. of tho Wheal Bliuman, or:r a very good coed.
ID Lat. if you k• eh the aorthern tool, it 14 h.,. go,i; over
plains, and oe, astotailly winding mewl tile ap..rs of hilts.
In addition to fai.s evidence, the reports of several mining
gentlemen art annesc I, namely:
Mr. Thu hill. where the great maw of copper is crop-
ping out, 111,0114 the ...ethers' or Yudanammana section. tin the
northern wiwilon Gnash arc live notinet Wes, four
running parallel to ewis other, north awl sunlit, and one twee
course east and meat the ore is red oxide ,ton) ore. at host
Oh per cent;
The lavtananintares Creek divldee the two sections ; on
rising the hill tome the Creek going seotherlY, a wrest deal of
cuprite ts est Vie totKaor ; near the top It Is conning out
groat bloats, ALil the ttiotlnlt Is ermined with an cumulous mss
et green ea howl, in deteched Works of many totta a eight each;
large .4 ore require only to be broken up to be Pt for
cartage sod shipment,'
Mr E. lames -• • lite late runs north and south it Is twelve
feet wok, erupted of every sort of rich ore. iliac, I think,
will ittake aproduee TO per root.. it is the richest place I ever
saw -the beet, I think, that ims ever Wee Maeuvcred uurth of
ode Wag"
Mr. J. Yule.-. I have Just come from the Yulanamutana
)Kura. It ha the belt place I have seen at the north -the lode
being very Wye, all I ropping thinor font feet out of Uld
goalie!, gulag outs almoat perpewllt tdally. There is all
Im-
m.•nCe ,pwar,ti ~( ot, At attrtace, ids Tit II oiliftlitY."
Janos idh•, —• •a 11,,..1 1:111a11.411. I °lobed the groniel on the
coot., of the i. 1.-, d... 1 atteertaineel the width of the same to he
use 044 solid dark grey we. lode
Is well define I, with • rich red gummier!, and the country not,
behest that It stun prove ono of the richest wines in South
th.- .114 Port Augusta AIKAIL 14111‘.11)
ap.t twiti,t a action.* di-advantage, as the rued to that place la se-
celleitt
rapt tin J. It Pascoe Matra, In letters dated Nuccalveua. Sep.
teinher Li, mot iletolter IT, talc:
"Captain J mes cod men areivedbere from the Vudouiansutana
Mine 1071....“1.11.1.4 last, having loaded ist drays with brat remote
In 10 days, with 7 men, himself and hone driver ; timer such a
theta done hi Ittotim( before, and they eau do It again at any
tint..
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I have clammed the Yudanainutans ; there In more ore In
that mine than In all the mines I have men In the north.-
- I veld rsio io.osso tons of rich are for 1.15.111.0
It may he hen. mentioned that the tell known Burrs L•urm.
Kannada. and outer rich mines are north of Asirlaole, yet the
rescuing reirrisestsress the conviction that the Vo.IASMIVILLIA
int, are the •• Isst" ever discovered north of Adelaide.
Loudon, rebruar7,len2.
a..