The San Francisco call., 1910-07-31
DiamondfieId Black Butte

Dlamondf1eld Black Butte reorganized
mining company is the name of the new
company that.has taken over the prop
Black Butte consolidated mining COM
pany. =
The old company was practically put
ITS property. under execution. The
Registration Trust company bought the
same acting as a trustee. The new
company accepts the transfer of the
property and Will manage it hereafter
The old company was organized with
a a capitalization Of. 2,o00,000 shares of
has the same capitalization. stock hold
ers .o1 the old company may secure
stock in !, the :, new cogpany by the sur.
company and the payment of cent
per share, and receive stock in the new
company share for share.
The reorganized company will be as
sessable, but to a limited extent. The
assessments that can be levied are
limited to z cents per year, or 4
Gent. per share each quarter. The
funds derived from the issuance of
stock viii be. used in the liquidation of
the e., ,inde ebtedness upon the property.
The property of this company is
located in the Diamondfeld section of
Goldfield district, with about a third
OF It's territory in Esmeralda county and
two thirds in Nye county. Nearly 20,-
600 feet of work has been done in the
property, and in the past, by leasers
and company operations. it has pro-
are at the present time. two sets of
ieasers at work on the ground, produc-
ing some shipping ore.
1t is estimated that there is on the
dumps and in the mine between $4,000
and 10000 tons of milling ore, which
will yield an average of about S14 per
company to vigorously prosecute de-
velopment work, and later funds will
be raised by assessment or otherwise
sufficient to install a suitable reduction
plant at the property. 1t is believed
that the property can be easily made
profitable.-Goidfield News.
Ore in Tramp
An important deelopment-the most
important in the. camp this year-is
now taking place in that portion of the
Tramp Consolidated mining company s.
estate which is now under lease to the.
Eclipse development company.
Under the supervision of mine super
intendent Harry 6. Mcmahon. the ore
has been picked up below the fault for
the: first time In. the history of the
Yeioped the leu uncoverfng @ is very oa promis-
The uncovering of ore. at this point
prosperous career for the Eclipse
development company. While there is
considerable, ore yet in sight above the
Wat What the ioWapr Wyorhngs Would ss ta bring
forth, and. now that this promising un-
covering of ore has been made, there is
of the: leasing company but throughout
the district as well.-Rhyolite Herald.
National Strike
The lease: owned by George e. and
Frank w. Stall. located on the property
of the National mining company of Ne
vada on Charleston hill at the great
camp of National, lis now recognized by
mining men as the richest block of
ground in the west, if not in the world,
covers eoxerine o only 600 feet along the STRIKE
of the bonanza vein that traverses that
property yet. the production. of this
lease has. been wonderful.
The shaft, which has.now reached a
depth of 400 feet, is the only surface
opening through which the famous
property is worked at the. present time.
a fine hoist and is electric lighted and
the workings are connected by tele-
phone. The shaft is being. pushed to
depth as rapidly as possible and with
every foot of. ground opened there are
disclosures of bigger and richer depos-
its of fabulous ore. This ore is not of
the true sense of the woyd-,so heavy
with gold that it could almost be
classed as bullion. With the extremely
rich ore. there is being hoisted to the
milling ore. which is being piled on the
dump to be reduced later. As has often
been told tile fabulous ore that. is
worth from $40 to s100 d pound, is
reduced to small pan arrastra mill and
THE bullion is shipped through the local
express office at. this place to the United
States mint.
The same story can be. told of the
ground under operation by the parent
company for on these holdings the
same grade 'of bonanza ore is being ex-1
tracted daily and lit. is being pat into
bullion in the company's mill. which is
similar to.'that used at the Stall lease.
In a Short time the Nationar mining
company of Nevada WIFI have Lane
Slow speed mill lin operation to handle
the Tower grade ores, of which. there is
mill is located at the foot of Charleston
hill just below the workings of the
company. and a surface tram is. being
installed to deliver the ore to the mill
Thefe are some 80 men. on the payroll
at the Stall lease and about 40 men EN-
ployed on the parent company.s ground.
-.-Goldfield News:
Bonnie Clare
Andrew ]. Trun,bo.. general manager
ffI