Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-07-20
RUSHING into
The PANAMINT
MINING is BEING REVIVED IN
THIS RANGE OF NOUN
TAINS

july la new
camp has been born and christened,
companies are being organized and
mining will be revived in a portion
of the Panamint range of mountains
that has lain dormant for over a
quarter of a century. "Panamint,
is the name of the new camp, a town
site will be laid out and a postofice
established early In the fall. Near
the site Of where back in the '7Os
millions Of silver were taken out,
mining will begin for both silver
and gold. 1t is believed that the
richest lodges in the history of the
old Panamints-so named because
the first prospectors claimed to have
banned a mint of gold in the fast
nesses Of those mountains-have
been discovered and that an activ-
ity equal to the most active points
in Nevada and California will be-
gin before even the hot season
closes, and the fall and winter will
experience an excitement greater
than that in the palmiest days of
Goldfeld.
Salt Lake capitalists, representing
different interests, were in Rhyolite
yesterday and after a prolonged
meeting decided to organize two COM
panies with a capital of $1,5OO,OOO
each, and two other companies will
organize within the next thirty days.
It was also agreed that the new
camp should be known as Panamint,
and prospectuses and printed matter
will be prepared accordingly. The
new camp is situated on the south
eastern slope of Telescope peak, at
an altitude of 5000 feet. There is
plenty of wood. and water and the
climate is ideal. Over 100 claims
have been staked and a number of
prospecting parties L in the field
and another hundred will be staked
before the week is w
The camp was originally located by
Clarence E. Eddy, the poet pros
pector. He gave Rhyolite news
paper men ground next to him, and
then a Greenwater party, guided by
an Indian, went upon the ground
and located a ledge of silver twenty
feet wide, and which assays as high
as 10 1000 ounces of silver to the
ton.
Eddy has also found quartz which
assays from $2S to $57 to the tor
in gold. The Rhyolite newspaper
men found a ledge that assayed al
high as 500 in gold to the ton. Near
ly every inch of the country pam
coarse gold. The lodges are well
defined and of great width. The sur
face showings only have been testet
and the indications are that TIL
lodges run to depth.
The camp is entirely a new dis
covery. 1t is on the opposite sid
of the mountain from the old Pana
mint camp, discovered and worked /
the '70s, and from which many fol
tunes were taken. Over II milliot
dollars was taken from the old Pana
mint workings in those days. For
mer Senator William NJ. Stewart
now.of Rhyolite, vas the manage
of the company in those days.
mill costing $500,0 00 was burne
and along with the crash of silvo
the country was abandoned. Fl
many years but little stock was take
in the Panamints. But when Skidc
their attention to other portions
the Panamints. Eddy was given q
idea of the country in a conversi
ton with Scotty and decided 10 Il
a new portion of the Panamihtc. J.
went to Benefits wells aud The
sighted a white streak in the siC
of the peak overshadowing The job
sons canyon and made for the plac
He had heard at this pc mt son
one had reported rich deposits !
struck Johnson's canyon AMI Wit
eighteen mlieS from DSHnttS Wei
and at an altitude of 5000 feet {
the side of Telescope peak. he -four
where no white nan had ever pro
pected before, Indian habitations. !
also found evidences of Indian wor
ings and made locations. There we
well-defined lodges and the ASA
showed up well. He reported t
matter and the rush began, 1t
continuing. and the excitement gto'
with each report from the count
The two companies which ha
been organized will begin the ~
of stock at once and will begin {
tive development work early in I
fall. The companies are compcs
Of some of the wealthiest men
Utah. The Greenwater people
have struck the main portion Of I
rich ledge are now taking mt {
for shipment and will bond the Or.
erty for s1OO,0 600. The silve' led
which they have they are conide