Show ASSESSMENT LEViED ON BONANZA STOCK Money Necessary to Protect Protect Pro Pro- Holdings in Three Districts In order to protect its interest in mining properties In the Park City and Yucca Grove districts Bonanza Mining company has levied an assessment of quarter one cent per share A letter accompanying the notice of assessment said in part The first of July is approaching v all annual assessment work must be done The company has a number of claims in the Park City mining district which should b be pro pro- We have a plan for protectIng protecting protect protect- ing tills this ground at a cost of about or The Bonanza Mining company owns shares of the capital stock of the Death Valley Gold Mining Min lug ing company anti and has an option on shares at 4 cents per share which when exercised will give the Mining company approximately approximately 42 per cent of the outstanding stock The properties of the Death Valley Val Val- Icy ley Gold Mining company in San Bernardino county California are being developed through the leasing system Two sets ets of leasers arc now naw at work sinking on two different veins The development in these properties prop prop- so far has 1185 been very satisfactory tory and the directors feel that the tha Bonanza Bonansa Mining company must byall by by- all means protect its option In order or order der to do tills this and to protect its property at Park City and at tho same time protect Its interest at ati It becomes necessary to levy an assessment for one quarter cent per share With this assessment fully paid paia the company will be In a position to fully protect its interest at its vanous van vari various ous properties and be bc free from alt all indebtedness and be able to carry on for a considerable period of time By that time it is hoped that can can- will have improved 10 so that the property may be operated operated oper oper- at a profit and that the de development dc- dc at the gold property willbe will willbe be sufficiently encouraging to Justify company operations During the month of April the company shipped from more than 1200 dry tons of ore which under normal conditions would have resulted in a very nice profit and there arc at least three nice faces of ore developed in thc mine irine which we hope to work at come som future time |