Mohave County miner., 1914-07-18
Desert Chief Plans
 Development of it's Ground

properties at GOldheld, Nevada, the dl- rectors of the company with the back ing of the big stockholders have decid ed to reorganize the company on the assessable stock basis.
 The Desert Chief Mining Company owns the Bud Red group in the Dia- mondfield district, including the Inde- pendence Fraction, the Bud Red, the Angelus, ard the Bill Nye Fraction, comprising total of about 90 acres. All of these claims are patented and are free and clear of any incumbrance. The main shaft of the Desert Chief has reached depth of something over 100 feet. Tie I1crelty, prior to it's pur- chase. was examined by Charles J. Moore, prominent engineer, who was ten years consulting engineer on the Portland mine in the Cripple Creek dis trict.
 The successes attained by other Tonopah and Goldfeld companies re- organized on the assessable basis, has proved the incentive for other com panies to adopt the plan.
 The following plan, determined upon after consultation with the principal stockholders of the Desert Chief com pany with which they unanimously agree, will supply the activity in the , company's affairs necessary to success, and distribute the burden easily among all stockholders approximately to their holdings, without weighing heavily upon any individual
 To organize new company, with assessable stock, to be known as The Desert Chief Consolidated Mining Con- pany, to take over the property of the present Desert Chief Mining Company.
 To permit the stockholders of the present Desert Chief Mining Company. upon an initial payment of one-half cent per share, to exchange their Desert Chief Mining Company stock for stock of the reorganized company on an equal basis, share for share.
 It is not the intention to levy calls or assessments of more than 2 cents per share per annum, and the bylaws of the new company will provide for this..
 In the vicinity of the Bud Red group of the Desert Chief Mining Company there is considerable work being done. About 5000 feet to the southwest is located the property of the Talmange Mining Company, where they are now working with two shifts, running cross cuts on the 2O0-foot level The face of the north drift has been exposing quartz ranging in value from 5$ to 19$ a.ton, while the south drift has been yielding 12$ ore. On the Diamondfield Black Butte, which lies about 4, 800 feet to the northeast of the Desert Chief property, they have exposed large bodies of milling ore and there is some talk of building a mill. The Black Butte company was also recent ,. ly reorganized and is being developed Oh company account and by leasers. Tere are other properties in the Hamondfeld section on which there have recently been, important strikes made. The ,yernsl (recently reorga- rhzedD, is reported to be obtaining as- says running from 95$ to COOS per ton. On the SandstoTms (recently reorga- -nize0 an important discovery recently was made and shipments have been sent out running from 54$ to 1OO$ per ton. Work has recently been started 0n tbe Conqueror. A small mill has been built andsis 'now being operated Sen the Great. Bend.,, There is more ac- tivity in the Diamondfeld section at this time than there has been at any time since the activities in Goldfield of : 1905 and 19Q6.. r H. A. Riedel, president of the com !. pany, says ''In' recognitione' Of the favorable conditions and with view to the betterment of; the property and the welfare of the stockholders of the Desert Chief Company, new company known as The Desert Chief Consoli- dated Mining Company will be incor- porated under the laws of Nevada on the assessable plant to take over the property of the old company. The new company will be capitalized at g. 0O0, ,000 shares of the par value of one dollar each.-The Daily Mining and