Capital Authorised.—£9000. Issued and fully paid, £6607.
Directors.—Mr. S. R. Bastard (Chairman), Mr. C. G. Lush, Mr. Walter Wethered.
Secretary.—Mr. Newman M. Ogle.
Registered Offices.—Friars House, New Broad Street, London, E.C.
This syndicate owns the following properties in the Bauchi Province:—
Rein.—An exclusive licence to prospect an area of 4½ square miles near the towns of Rein and Forum.
South Bukeru.—An exclusive licence to prospect an area of 3 square miles south of Bukeru, and sold to the company of that name.
Shen.—A mining licence to work an area of 24 acres on the left bank of the Shen stream.
The Rein property is situated on the south-eastern side of the Bauchi Tin Fields, between the pagan towns of Forum and Rein. The area encloses about six miles of a stream flowing in the northerly direction from Rein to Forum, where it junctions with a system of rivers on which the Ribon, Bisichi, Doss, and other properties are situated.
The area is three-quarters of a mile wide by six miles long, an extent of 4½ square miles, practically the whole of which is tin-bearing alluvial. The alluvial is composed of a sandy material of an extremely free nature, and the bottom is the usual coarse grey granite. The latter outcrops in very few places, and carries from about a yard to four yards of alluvial ground. Although the bottom could be reached in only a few places in the stream bed, good prospects of black tin were obtained in nearly all samples panned, and from the alluvial flats, as exposed by the banks of the stream, the results ran from about 3 to 5 lbs. of tin per cubic yard. The panning concentrates contained 10 to 15 per cent. of titaniferous iron sand (which was allowed for), but this mineral presents no difficulties, and can be easily eliminated by the ordinary dressing operations.