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Show j Panamiiit Camp, in Pajiamint Mountains, Already 'Has Interest Aroused. across the hills from old producer Silver and Gold Contents of Ores Provide Very Strong Attraction. ISpecinl to The Tribune. 1 IUIYOLITE. New, July l-l. A new amp lias been born and christened, com- H pnnlcs arc being orpanlzorl nnd mining J will .bo revived in a portion of the Pann- 1 mint range of mountains that have lain I dormant for over a ouarter of a ccn- i mry. "Panainlnt" Is the name of the I new camp, a townslte will lie laid out R nnd a pnstofflce established early in the fall. Nuar tho site of where, back In the seventies, million.-; of silver woro lal:cn out. mining will begin for both 1 rllver and gold. It Is believed that tho richest ledges In the histoYy of the old Panamints so named because the firBt 1 prospectors claimed to have panned a mint of sold in tho fastnesses of those mountains have been discovered, and i that an activity crjual to the most active lolnts In Nevada and California will bo-tfln bo-tfln before oven the hot season closes-, and the fall and winter will experienco an excitement ex-citement greater than that In the balmiest balmi-est days of Golilfleld. Salt Lakft capitalists, representing dlf-'erent dlf-'erent Interests, were In Rhyolite yesterday, yester-day, and aftor a prolonged meeting derided de-rided to organize two companies with a I capital of one and a half millions each I nnd two other companies will organise within the next thirty days. It was also agreed that the new camp should be I known as Pr.'namint. and prospectuses and 1 printed matter will be prepared accord ingly. The new camp Is situated on the ' southeastern slope or Telescope poak at an altitude of 5000 fot. There Is plenty if vood and water, and the climate Is j dca. Over 100 claims have been staked ind a number of prospecting parties arc In the ileld and another hundred will bo takod before the week is over. The camp was originally located by "larcnce E. Eddy, the poet prospector, lie gave Rhyollte newspaper men ground icx-t to him, nnd then a Greenwater party. , nulded by an Indian, went upon the ground and located a ledge of silver wemy feet wide, and which assays as nigh as 10,000 ounces of silver to the ton. Eddy ' has also found quartz which assays as-says from S2S to $57 ton the ton In gold. The rthyollte newspaper - men found a edge I hat assayed as high as ?20 In gold o the ton. Nearly every inch of the otintry pane coarse gold. Tho ledges arc , well defined and of great width. The stir- ! face showings only have been tested, and j the Judications arc that the ledges run I o depth. The camp is entirely a new discovery. i It is on the opposite side of tho moun- i :ain from the old Panamlnt camp dis-overcd dis-overcd and worked in the seventies, and from, which many fortunes were taken. Znor one million dollars was taken from the old Panamint workings In those days. Ex-Senator William M. Stewart, now of Rhyollte. was the manager of this early '.otnpany. A mill costing 5500,000 was burned, and. along with the crash of silver, sil-ver, the country was abandoned. For many years but little stock was taken In the Panamints. But -when Skidoo was JiFcovered people began to turn their at- I lention to other portions of the Pana- ' mints. Eddy was given an idea of the ouniry in a conversation with Scotty, and decided to try a new portion of the Panamints. lie went to Bennett's wells u'l then sighted a white streak In the j ldi of tlio pdaV overshadowing the Jolin- I son's canyon and made for the place. He i had heard at-this point someone had reported re-ported rich deposits. He struck John-bon's John-bon's canyon, and when eighteen miles from Bennett's wells and at an altitude of 5000 feet on the side of Telescope peak, he found, where no white man had ever prospected before, Indian habitations. habita-tions. He also found evidences of Indian In-dian workings and made locations. There 1 were well-defined ledges and tho assays showed up well. He reported the matter and the rush began. It Is continuing, and the excitement grows with each report re-port from th6 country. The companies to be formed will be composed of some strong Utah talent. The Green water people, who have struck tho main portion of the rich ledge, are now taking out ore for shipment and will bond the property for ?100.000. The sll-. sll-. ver ledge which they have is another Comstock. and since it runs through Eddy'a and other properties," all have hopes of wealth in the find. But the numerous ledges of gold discovered in the same country havo given all a full faith In the camp. They maintain that Green-water, Green-water, Skidoo and Lee, with all of their indications, are not ahead of the new Panamlnt It is also believed that the famous Breyfoglo was found and lost, in this section, and that the new discoverv Is within a few miles of Scotty's famous mines, which he now promises to un-:over. un-:over. In short, the prospectors and persons Interested in the new discoveries are confident con-fident that the Panamints will witness he next excitement in Nevada-California" mining. Parties from Salt Lake and ther portions of the country are arriving to go to the new field, and local expedl-Mons expedl-Mons are being quietly outfitted. "Pan-a-mitit" f3 the advice they will give you. |