Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1892-05-07

stamp mill and five quartz locations, all
situated in the vicinity of Custer City,
have been bonded to the Tabor Invest
ment company Of Denver, Colo. The
agreement was drawn up on the 26th
inst, and gives six months option TO
the Investment company. Ten tons Of
ore from the mines bonded will at once
be shipped to the Macarthur. Forrest
works in Denver, where practical test
by the cyanide process will be made to
determine their value. Ii such proves
satisfactory the company will at once
add the necessary tanks and other ma
chinery to the 20 stamp mill now on the
property. Ifsuch is done II. b. Swain,
the owner of the property, agrees TO
deliver 20 tons of ore per day to the mill
at an expense not to exceed $3.50 per
ton, in addition TO which he will receive
ten per cent of the net product Of the
ores treated during the life of the OPP
tion or bond Mr.. Swain claims that
the ledge will average 5 feet in width
and mill S2l per ton. All Of the claims
are fairly well developed by shafts, open
cuts, drift and tunnel, all showing the
same formation and character Of ore.
The option on the property was secured
by Richard Darling for the company, of
which he is director and stockholder.
The purchase money is up in the thou
sands. If the ore is as valuable as Mr..
Swain claims it TO be, there is no ques-
ton but that Custer City will have the
honor of having the first Macarthur
Forrest cyanide process works in opera.
ton in the Black Hills. This invest
ment company is reported TO have a
large capital in ready cash on hand to
conduct its operations. Should this
their first investment in the Black Hills
prove successful, il will be followed by
others. There are numerous opportuni-
ties now open in the Black Hills await
ing capital to take hold and develop
them into valuable mines. Times.
THE KEYSTONE.
Hon. Cyrus Cole was in Custer last
week exhibiting some Of the richest gold
specimens ever seen in this country.
They are from the Keystone mine, To-
Gated sixteen miles northeast of Custer,
and are fair samples of the tons Of ore
that are being taken from a mine now
widely celebrated, and which promises
to be the greatest gold producer in tho
Black Hills. The Keystone is owned
by Mr.. and Mrs. Franklin, and Messrs.
Reed and Blair, who reside near the
Eta Mine postofIice. Minneapolis par
ties have it bonded for the sum of Sl00,
OILS, and are expending 5000 in devel-
oping it before closing the deal. The
recent rich strike has settled all doubts
and there is not even faint possibility
that the sale will not be made. The
main development of the mine is 800
foot tunnel running directly into the
mountain, and it is from this tunnel
that the rich ore is being taken. The
ore body is over fifty feet in width and
every test as found more or less gold liz
it, but the rich streak is three or four
feet wide, of talc-slate formation, and
fairly glitters with free gold The speci
men shown us by Mr.. Cole is taken
from this streak. The assays made from
this vein average over three hundred
dollars, the lowest being $l2 and the
highest $4,000. Every foot of ground
in that neighborhood has been located,
and everyone is enthusiastic. Build
ings are going up and the camp is really
booming. If the mine was located in the
Northern Hills or in Colorado, the coun-
try would hardly hold the people that
would be attracted 10 this region, but
the fact that il is in the Southern Hills
makes the report hard to believe. How
eyer, our time is coming, our sun Of
prosperity is breaking through the
clouds, and with the sale of the Spokane
and the Keystone will commence the
revelation of the great wealth OF the
Southern Hills.