The first discoveries took place in 1920 and ore was shipped the following year; but then the district lay dormant until 1925. A rich discovery of high-grade ore of lead and silver in 1925 coupled with the rumor that Nevada's millionaire banker George Wingfield was interested in the district started a stampede in the spring of 1926.
Buildings from other nearby towns (Rawhide and Goldfield) were moved to Quartz Mountain. Automobiles were common making it relatively easy for people to travel to the site. More than fifteen mining companies were active in the district between 1926 and 1930. By 1929 life seemed to be edding from the town as one company after another ceased operations and soon Quartz Mountain was empty.