Salt Lake Tribune | 1908-08-20 | Page 6 | Plutus Gets More Valuable Claims

PLUTUS GETS IK MMLEJUIK Kniglit-Evans Interests Have Widened Holdings of the Plutus Company. COMPANY NOW OWNS TEN PATENTED CLAIMS Group Surrounded by Several Great Mines of the Tinfic District. It was learned yesterday that a very Important mining deal had boon consummated consum-mated by which tho Jcsso Knight and tho Davo Evans interests havo corralled tho on tiro property holdings of tho North Mammoth Mining company. This purchase pur-chase of additional Tlntlc territory by those Interests was made for tho Plutun Mining company. Tho Plutus company was organised two years ago hy the Knight-Evans people, and since then a quiet but very energetic campaign of territorial ter-ritorial acquisition lias been under way. With the addition of tho North Mammoth group, the Plutus company now Is tho owner of what local circles agree Is one of the most valuable and desirablo undeveloped unde-veloped pieces of property in tho TIntic mining district. Tho claims of tho North Mammoth company were the Meda, AVcst Medea and tho Jason, and while tho purchase prlco la not stated. It Is known to rank as one of tho big Tlntlc deals of tho prcs-ont prcs-ont season. Tho Plutus company now has within Its lines ten patented claims, having taken over the possessions of tho Plutus Consolidated and the Juab Mining companies some time ago. Surrounding the holdings of tho Plutus company are several of the largest mines of Tlntlc. Tho group adjoins tho Mammoth Mam-moth and Tetro on tho north: tho Grand Central and A'lctorla on tho west and the Godlva and Apex on the cast. All tho preliminary work of placing the property In shape for active work has been accomplished, ac-complished, und nothing Is In tho way of the management giving tho word to begin be-gin development work. No Intimation of I when this work will bo started has been given out. but local circles expect It to begin before the snows of winter fly. The Knight-Evans Interests recently have brought out the noted King David company, following closely on the Ibex and the Indian Queen, and it Is known that few of tlielr properties are considered consid-ered by them moro Ideally located than tho Plutus.