Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-20
CHICAGO MEN IN
GOLD MOUNTAIN
WEALTH az DISTRICT TO ne IN.
vEIOPHD ON LARGE
SCALR.


win take in everything from the
Nye-Esmeralda county line on the
east. four miles east OF the Bonnie
Claire (old Rattlesnake) mine to
Death valley on the west. a distance
OF fifteen miles; and from Lime
Point on the north to point two
miles south of Willow Springs, show
ing the principal mountain peaks and
all the mines, from Bonnie Claire on
the east to the state line on the west,
and from the great Western on the
north to the Butte Goldfield.
Back in grimy old Chicago, In the
Union League club, three financiers
OF the Windy city and resident of
Goldfield held conversation two
weeks ago over an elaborate lunch
con, which resulted in the formation
OF corporate body brought into ex-
istence for the purpose of developing
to the deep 40 acres of land which
at one time comprised the holdings
OF two of the celebrated mines of the
Gold Mountain district, thirty-fiye
miles south of Goldfield. That was
many years ago. before Tonopah and
Goldfeld held places on the man of
Nevada-when the scanty maps is
sued by the government marked this
rich area as desert. One of the
mines, known now as the keystone,
was then the Pacific, and it's rich
Jsspaf quartz was packed overland
10 Austin. The owners have lost
their identity through many locations
In the forty-five years which have
passed away, but the ore is still
there, everywhere an opening has
Deen made. But shallow holes re-
main to account for the big dumps.
out enough OF the history of these
mines can be had from old desert
rats to show that many fortunes
came from the old workings, now
'@-''Su pSyOHu repair.
At best $50 feet was the greatest
depth attained in the old DAYS. That
district, now close to a railroad lead
fhg directly to the smelters at Salt
Lake, was then 300 miles from tbe
pathway of the iron horse. The
plans of the Gold Mountain Mines
company contemplate the opening at
depth OF the entire series of veins
winch outcrop on the slope of Ander-
son mountain by means of crescent
tunnel, which will attain depth of
1000 feet when the keystone vein is
reached. Louis X. Koontz of the
Gold Bar and G. 0. d. mines in
Goldfeld, whose attention was at
tracted to the district by w. Fl. Stills.
himself a Chicago man who has snent
ms own money in the development.
OF Gold Mountain properties, was the
Goldheld man who sat in the confer
ence Mr.. Koontz drew mans of the
Veinlng system of the district on the
white napery of the swell club and
told his auditors what there is there
Or w. |. Maddox, who is interest
ed IN two Goldfield leases, had secur-
ed the group and presented the mat
ter to his friends, James E. Keelyn
who is making fortune ont of the
Little Florence lease, and William A
Dyche, business manager of North
western university at Chicago. who
raised 100000 endowment for
that institution. 1t was on the rec
oHfmendation of Mr.. Koontz. who
mas been rendered a directorship in
the company, that the propertv was
taken over. The company is capital-
ized for 100000 shares. par value
81, and 100000, or as much as Is
necessary, will be used for develop
ment purposes. The treasury stocx
VIII be sold at private sale only and
VIII be placed among people who will
mold 1t as an investment There will
De no lack of money for DEVELOPMENT
purposes, and the mine will he
equipped with mill whenever Il
reaches stage which will Justify II
Mr.. Koontz has not vet decided
whether he will accept a position as
director with the company, but IT ia
likely that he will. The work Of
opening the mine will be directed
Tor the present, by w. H. Sills. presi-
dent and manager of the Nevada En-
press. an adjoining property, and DR..
Maddox. There are several veins
which outcrop on the surface, fissure
veins in the granite, carrying por-
phyry gangue, and all carry the rich
Jasper quartz which is characteristic
OF the district. The most prominent
of these are the Keystone, which lies
near the top of Anderson mountain
and which was formerly the Pacific.
and the North Star, lying half way
down the hill on the north slope.
The latter shOwc froo cold q, o,-a,,.