Prospectus [of the] Goldfield Black Buttes Mining Company, Goldfield Mining District, Esmeralda County, Nevada
Mines and mineral resources--Nevada--Esmeralda County.
Public-domain full text preserved in the Mountain Man Mining Library. Original source: archive.org.
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HE COMPANY is incorporated under the laws of
South Dakota with a Capitalization of ;gl, 000,000,
divided into 1,000,000 shares of the par value of
$1.00 each. The Company's Treasury contains
300,000 shares of the Capital Stock.
Cash
Cash Assets
$5000
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Goldfield— Looking East
Prospectus
Goldfield Black Buttes Mining Company
GOLDFIELD iMlNlNG DISTRICT
esmeralda county Nevada
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HE BEST ASSURANCE that a company's affairs will be honestly and intelligently administered lies in the personel of the directory.
The following list of successful financiers and mine operators comprise the directory, every one of whom is financially interested in the enterprise, and will give its affairs his personal attention:
Thomas B. Rickey, . . . . President
President State Bank and Trust Co., Carson, Nevada
L. L. Patrick Vice-President
Geo. W. Richard - - . . Treasurer
Cashier State Bank and Trust Co., Tonopah
HUGH H. Brown, - - Attorney and Secretary
Attorney-at-Law, Tonopah
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Thomas B. Rickey Director
C. E. Knox . . . . - Director
President Montana-Tonopali Mining Co.
H. Ramsey Director
Mine Operator Tonopah and Goldfields
George W. Richard - - - . Director
Cashier Agency State Bani< and Trust Co., Tonopali
T. L. Oddie Director
General Agent Tonopah Mining Company
Frank M. Ish - - - - - Director
Mine Operator, Goldfield
L. L. Patrick . . . . - Director
Mine Operator, Goldfield
(gnlJjftPlti iitmng Statrirt
HE CLAIMS which entitle the Goldfield Mining District of Esmeralda County, Nevada, to the consideration of tlie investing public are founded on merit of the most substantial kind. These features are the great number, strength and size of its ledges, the amazing richness of its high grade ore chutes, the unusual size, number and uniform mineralization of its low grade ore bodies, the strong indications of permanency, cheapness of mining, and facilities for reduction. By marketing gl, 000, 000 worth of high grade ore and piling up on its dumps another million dollars worth of milling ores in the first six months of its history, Goldfield has, in the vernacular of the street, "MADE Good."
Pro&urttnn
HE FIRST DISCOVERY of moment was made in September, 1903, and the first car load of ore was sent to market in December of that year. Since that date, the Combination Mine has sent to market ;$275,000 worth of ore, which has averaged better than $300 gold per ton, and has ;$280,000 worth of mill ore on the dumps. This entire production from development work only, not a foot of stopping having been done. The January lease has marketed since February 1st $260,000 worth of ore, and has over 8,000 tons of mill ore on the dump, estimated to be worth $40 per ton.
The Jumbo has sent to market several car load lots of ore which averaged over $1,000 per ton, and has produced in the past four months half a million dollars worth in high grade, and 1,500 tons of mill ore.
Lessees on the Florence sent out one shipment of 70 tons, receiving therefor $56,000 net. This mine is credited with a production of $115,000 to date.
There are not less than twenty-five additional claims scattered through the district which have opened "pay ore;" many of these discoveries having been made in the past thirty days.
HE PROPERTIES of the Goldfield Black Buttes
Mining Company, consist of two full claims: the
Black Butte No. 2, the Black Butte No. 3, and
the Holiday Fraction, all in a compact body and
aggregating about forty acres of surface ground. The group is
situated in the northeast portion of the district, about one mile
from the town of Diamondfield.
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Sijp Hark luttt Na. 2
a HE LARGEST "OUTCROP" of ore in the district, and probably in the entire West, is exposed on the Black Butte No. 2 Claim. This is a veritable "iVlountain of Ore," being 300 feet in width by over 500 feet in length, and rising 220 feet above the level of the gulch. Illustrations herewith, will give a better idea of the size of this outcrop, every pound of which is quartz containing values in gold ranging from one to one hundred dollars per ton. Engineers estimate this outcrop alone at over half a million tons. Very little work has as yet been done on the property. Two short cross-cut tunnels driven into the east end, show twentyfive feet of solid ore, which samples $31 gold per ton, while behind this surface, samples and pannings show an additional body of ore about forty feet in width, which averages about $14 gold per ton.
A large vein ranging from 15 to 18 feet in width crops for a distance of 600 feet on the Black Butte No. 3 claim, but no work has as yet been done to determine its value. Two samples knocked off these croppings returned $3> and $5.40 gold per ton.
JEqutpntnt atib i?uplnpm:pnt
HE ORE thus far exposed on this Company's claims, is all of a mill grade, and necessitates the equipment of the property with a reduction plant. Experiments are now being made to determine the most effective method of treatment, but before starting the erection of a mill, it is the purpose of the management to thoroughly explore the ore bodies now exposed, and which may hereafter be found.
A cross-cut tunnel is now being driven on the Black Butte No. 2 claim, which will tap the ore body about 200 feet below the apex of the outcrop.
For further development and equipment in order to facilitate production a limited amount of the treasury stock has been placed on the market at liyi cents per share. This price is subject to change at any time as development may warrant.