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Show BLACK BUTTE MINE SUBJECT OF DEAL Goldfield. Nov, SepL 10 From sources that are undeniably authontlc It Is learned that tho representatives of Important Investment Interests are endeavoring to acquire control of tho Dlamondflcld Black Butte Consolidated Consoli-dated company and that ln the event ol a successful outcome to these negotiations ne-gotiations tho property will bo developed devel-oped upon a broader scale than ever before. Tho company has smoltor receipts re-ceipts for nearly a.half million dollars' worth of high-grado oro that was taken tak-en from comparatively shallow workings work-ings and shipped during tho early days of the camp's hiBtory. About a year ago this company was reorcanized upon a capitalization of 2,000,000 shares of $1 par value. An assessment was levied upon the new stock Issued in exchance for old, and it Is understood that the morJy realized real-ized was used to pay off the company's com-pany's Indebtedness, but no work of Importance has been done on company com-pany account, although lessees havo produced some rich ore and tho company com-pany has received small sums of. money In royalties from the lessees. The ontiro production from tho Black Butte was from shallow workings. On the east sldu of tho Vindicator PJBBBssS!j55iiafcas T-MJSJWBBHj '' '' i' j i wga mountain tho Marquotto IcaBe, on tho Talmage property, has oxposed a strong eln of ore yielding from $25 to $40 per ton ln gold at a depth of 150 feet and sinking Is ln progress to cut this eln at greater dopth. This Is on the border of what Is characterized character-ized by engineers of tho United States geological survey ns tho oldest surface sur-face formation in the Goldfield dls-trlcL dls-trlcL and In view of the oro showing It la regarded as one of the raoBt promising prospects opened here for fome tlmo past. -oo |