The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-09
RICH ELY GROUND
CHANGES HANDS
Senator Kearns and David
Keith Buy Large Group
of Ely Mines.
PROPERTIES ADJ0IN
THE NEVADA CON.
Choicest Groups of District Now
Owned by These New
Purchasers.

There was consummated on Wednesday
q deal of great magnitude and Importance
whereby prominent Salt Lake mining tall
ent becomes the owner OF some OF the
choicest mineral ground In Nevada. Tho
purchasers were Senator Thomas Kearns
and David Keith, and the properties Sc
cured are located on the famous copper
belt of Ely, the camp that has sprung
from neglect to gigantic proportions dur
Ing the months OF the present year.
The properties secured by Messrs
Kearns and Keith wero owned by tho Ely
Mining company and D. G. Mcdonald, con-
sisting formerly of two contiguous groups,
but which undoubtedly Will be Joined un-
der one company and management. to
which end the claims are admirably
adapted The Ely Mining company owned
thirteen claims, and Mr.. Mcdonald owned
tho Maceo group consisting OF ten claims.
thus giving to the purchasers twenty
three claims covering the choicest
ground OF that district.
Consideration Is Large.
Just what the consideration for this
purchase was has not been ascertalned.
but judging from the number of claims
secured, their location and values al
ready demonstrated, II is evident that
tho deal will rank as one OF the most i'm
portant transactions during the history
stantial payment passed through the Ma
tional Bank OF the Republic. Mr., Nc
Donald, who is one OF tho pioneers OF the
Ely district, Will have charge Of this large
group and active work Will be started
upon them Immediately.
The Importance of this transaction will
be realized when It is taken into consid-
GRAFTON that the ground involved adjoins
the Nevada Consolidated possessions and
1t covers the same enormous mineral zone
about which the mining world Is yet not
ccasing to wonder. II is this zone that
brought tho Guggenheims into Ely, cnus-
Ing them TO eXpend millions OF dollars In
railroad, developing and smelling faclli
ties, and which has opened untold re-
sources Of copper In this district.
Best Ground in District.
a great deal Of development work has
been done upon the claims now owned
by Messrs. Kearns and Keith, enough to
demonstrate that the ore bodies contained
are richer than any ever opened in this
region. No more happy selection could
have been made. and the development
work which Is now beginning will make
up not little of the honorable history
OF the Ely camp, The acquisition OF this
territory serves to emphasize the faith
that Senator Kearns and Mr.. Keith have
In this famous White Pine region, and
scarcely TWO weeks nave passed since
they acquired some remarkably rich sill
YER and lead properties In tho Duck
creek district. which adjons tho Ely
country.
One glance at the copper possibilities
OF Ely. and the fact that they will be
brought to light by some of the strong
est mining talent OF the country, easily
leads one to realize that within five years
Ely will be the greatest copper producer
IA the world, Butte not excepted. and 1t
behoovee investors Of Utah and Salt Lake
to take advantage OF the present condi-
tions there to secure all of this wonder
fully mineralized region possible. The
advent of Salt Lskers like Messrs. Kearns
and Keith into this territory will assure
moro than anything else that Salt Lake
will be made still greater by Its prox-
Unity to this copper center Just as the
mines Of the Comstock built up San Fran
cisco.