Show GOLD BUTTE REPORT TO stockholders chas F porter president of the nevada gold butte mines co ltd of salt lake operating at gold butte dark clark county nevada has addressed the following report to the stockholders of the company work has been pushed continuously in the development of the property of your company since march 1910 and contract work is still being carried on in march of last year the company let a contract for fifty feet of tunnel work the contractor was considerably handicapped by the wash outs on the san pedro road which greatly delayed the getting in of supplies on this account he has worked single hand ed and therefore was unable to make the headway he hoped to in addition he encountered a zone of exceedingly hard rock which materially retarded his progress the contract however was completed in november giving the tunnel a total length of feet before bedfor e finishing the contract the formation changed greatly becoming softer and carrying seams and stringers which indicated that the lone star vein was not far distant upon the comp eltion of the contract another contract was given for the performance of the annual assessment work on the three claims located below the mouth of the main working tunnel this work has since been finished both the contract work in the tunnel and the annual assessment work on the three claims have been paid for and a small balance was left over from the proceeds of the last assessment believing that the tunnel was in close proximity to an ore body the company let another contract for twenty five feet this work is now in course of accomplishment and the contractor writes that the seams in the face of the tunnel are strong and that moisture is noticeable in the seam on the lefthand left hand side of the face of the tunnel indicating an open country ahead and also the probability of the existence of gold bearing ore the company is as confident as ever that there is the making of a great producer in its gold butte property and that the near future will prove that this belief was well founded As a matter of fact it can well be said that if the property was of value when development work was begun that it is equally so now while at the present time our hopes are much nearer realization as the long working tunnel must be near the great mineralized zone believed to exist iu in the heart of the mountain and it work can be maintained it is believed that the company will soon uncover what whai it has so long been looking for the affairs of the company are in good shape and its property has be enwell been well looked after during the past year A large amount of stock shares remains in the treasury there is no indebtedness whatever and the only obligation outstanding consists of the last contract act for twenty five feet more of tunnel work this will have 0 fie met at an early date to provide for which another assessment of one eighth of a cent a share has been levied on all outstanding stock notice of which accompanies this letter |