The herald., 1894-01-03

on the Keystone in 1891, and struck
gold on the surface. He worked it for
Elk months, and uncovered an eight
foot ledge, which he thought would ay-
erage 500. He gave Samuel 7. Godbe .
ninety-day bond oi one-half the mine
for $40, 900, and In few days Mr.. God
be paid the money. He had found
that the ore averaged $265 across the
eight-foot vein, instead of $50, as Taylor
thought. The ore taken out in the fret
six months was hauled by freight teams
to Femme, on the Atlantic and Pacific
road, distance of 100 miles, at cost
of $50 per ton, shipped to Pu-
eblo and smelted. The net pro-
ceeds for this six months work, after
paying all freighting expenses and build
ing roads and housee was $36, 900. The
ore was iron oxide ore, running as high
as 40 per cent iron, and the smelters
made no charge for working it, as the
iron obtained more than paid all the
smelling expenses. Since that time
Isaac E. Blake paid $50 600 for the half
that Mr.. Taylor owned, and later paid
Mr.. Godbe 10000 for fourth interest.
Therefore Mr.. Blake now owns three
fourths interest and Mr.. Godbe one
fourth.
The Keystone ia developed by shaft
200 feet deep and three tunnels running
into the shaft from points lower on the
hill. The upper tunnel taps the shaft
at the rs foot level and is 100 feet long.
The second tunnel taps the shaft at 200
feet and is 375 feet long; and the lower
tunnel, which is 800 feet long, taps the
shaft at the 250-foot level. There is no
hoisting works at the mine now, but one
has been ordered, which is to be run by
10-horse-power gasoline engine. The
vein at the bottom is 80 feet, and goes
$75 free gold.
The keystone mill is situated at
Mesquite, below and six miles south
west from the mine. 1t ia a 10.stamp
Gilpin county mill, $50 pound stamp,
15-inch drop, with no concentrators.
Only five of the stamps are now work
ing on Keystone ore, the other five
working ore from the Gold Bronze
mine at Vanderbilt.
Adjoining the keystone ON the west
side lies the Golden Chariot mine.
which was recently bonded to E. E.
Hall and G. A. Stillson of Los Angeles
by W. A. Smith and A. G. Campbell for
$4,000. The ore is of the same char
ecter as that of the Keystone, and the
vein, which is three and one-half feet,
pitches toward the Keystone. Messrs.
Hall & Stillson will probably put up q
mill or smelter at Ruth.
Among the other valuable gold
properties here are the Yellow Jacket,
Clementina, Gold Brick, Hillside and
the Boss. The latter Is conceded to be
the biggest mine in the district, the
vein being nine feet and running $50 III
gold and silver. 1t is owned by White
q Yount of Manse, VINO have recently
bonded it to S. B. Godbe.
Mention has just been made of the
probability that Hall & Stilson would
put up smelter at Ruth. Some have
urged against this because of the cost
of transporting coke to that point. But
we have the advice from most reliable
source that IL miles north of Ruth is
any amount Of hard wood which will
make excellent charcoal. And the
same authority (for ne is an authority
gives it az his opinion that all the ore
there can be worked as well with char
coal as with coke. This point being
disposed of, there is not another point
to urge against the smelter, as it would
in all points be vastly superior to
stamp mill and much more profitable
Investment.