Los Angeles herald., 1905-04-13
SALT LAKE MEN ACQUIRING
RICH CLAIMS
ASSAYS SHOW GREAT VALUES
Latest Purchases Are on the South
Hall Of Montgomery Mountain,
Adjoining the Now Famous
shoshone Property
Special TO The Herald.

GOLDFIELD, New, April I'D. II
Peery, formerly president Of the Salt
Lake Mining exchange, has just pur-
chased, for Salt Lake interests, what
promises to be one of the greatest min
ing properties in southern Nevada. The
claims are located on the south half of
Montgomery mountain, the northern
half of which is the now famous Sho-
shone property. 1t Is understood that
Mr.. Peery and his associates paid be-
tween 100000 and $15O,OOO for the prop
erty.
The Shoshone, whose enormous ledge
runs directly through the Peery prop
erty, is admittedly one of the greatest
mines in southern Nevada today, with
every prospect of becoming one of the
richest producers in the world.
Rich Vein Disclosed
A cross cut has been driven into the
side of the mountain for a distance of
100 feet. The first blast at twenty feet
in disclosed the vein. At 100 feet in
the wall has not yet been encountered.
At ninety-five feet from the portal Of
the tunnel a drift has been cut at right
angles. Samples taken from both sides
of this drift show values running from
$4,000 to $4,000 per ton. 1t is said that
not a ton of ore has been taken from
this tunnel that has carried values less
than $1,000.
Grab samples taken all the way from
where the ledge was encountered to
the face of the tunnel carry values
running from $500 upwards per ton.
At forty feet t here is a streak three
feet wide that assays SOC ounces Of
silver and a trace of gold, whereas a
few feet away there Is rock that re-
turns over forty ounces of gold and
about 400 of silver. Five samples of
averaging $5,1945O in gold and $1.753.5O
in silver or a total of $694S per ton.
When the news of this strike became
generally known there was great in
rush of prospectors and buyers. Nat
urally the unclaimed one-half of Mont
gomery mountain, where the immense
wealth had been found, was the prin-
cipal goal in the race and half dozen
miners arrived on the ground at once.
The result was that there were con-
flicting claims and trouble brewing.
Peery Acts Promptly
Mr.. Peery was the only man in Gold
oil Il 81,
with him, climbed into an automobile
and was whirled to the scene, to find
the mountain tied up by conflicting
claims and bristling with rifles. With
the aid of c. H. Elliott, one of the
owners of the Rhyolite townsite, he
entered into negotiations with the con-
tending parties, bought them all off
once and for all, and purchased, out
right, the whole south face of the hill.
Bob Montgomery, the man whom the
Shoshone has made wealthy, regrets
that he did not take the property when
he might have had 1t for a song. "Our
ledge points straight for their prop
erty," he said yesterday, when talking
of the new buy, land if they fail to-
get something of what we have here
it will be because the deposits run out.
The dyke strikes northeast and south
west on Montgomery mountain and as
the groupings are the same throughout
the values must traverse the Peery
property. 1 regret more than 1 can
tell that I was not fortunate enough
to get the property but I can hardly
say that 1 begrudge Mr.. Peery and his
associates their good fortune"