Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-01-30

crown Hill Siding on the Spearfsh
branch Of the b. & NJ. railroad, near
Ragged Top, has recently been consum-
mated. The property was owned by w.
w, Ofds, a pioneer resident Of this city,
and was purchased from the original
/ iocators by him and Or. Flick, Of Rapid
City, about ten years ago, Mr.. Olds
aiterward purchasing the interest Of his
partner thus becoming sole owner ofthe
1 property. The purchasers are $. L
Young and George Deppo, Of Sioux
Falls, and the consideration, while it
has not been definitely stated, is known
TO be large, and Mr.. Olds is being
warmly congratulated by his friends
upon his good fortune. The ores found
in the various workings is identical with
the Bald Mountain ores, and, by prac
ticai tests mace at the Deadwood Cya-
nide works, good values have been
clearly determined the tests ranging
from $500 to S94 90 per ton. The prop
erty has been fairly developed, by
J tunnel l25 in length, all in ore Of fair
| grade two shafts, - and 80 feet deep
through shales showing favorable in
dications Of the near approach to the
ore body, and number Of open cuts, all
showing ore Of payable character. The
purchasers propose TO proceed, at an
early day, with the thorough develop
ment and extensive operation Of the
property. Mr.. YourP is now on visit
at Canton, Ohio, and upon his return,
will locate permanently, " ith his family,
at Spearfish. Mr. Olds, while he may
be absent much of his time looking after
his mining interests in the various
camps Of the Hills, will still maintain
his home and headquarters in this city
a S2j0,O00 DEAL.
Yesterday afternoon a bond and OF
tion was given on large group Of mines
situated on the Backtail divide, to
representative Of the Letter syndicate,
Of Chicago, now operating in Cripple,
Creek, Col. The bond runs for ninety
days, at which tune the entire amount
is to be paid The owners Of the prop
critics bonded have the privilege OF
working them during the meantime
Among the properties in the deal is the
Kicking Horse group, the price Of which
| is $4,000. Owners Of other properties
/ in the vicinity were asked TO come into
the deal. but declined TO do so without
I 6 -
The properties included in the deal are
we'll developed and have been steady
! producers Of ore tor some time. The
syndicate has secured valuable prop.
erty, and will no doubt take ~ Re
bond on or before maturity.-Times.
\ NEW DISCOVERY
Has been made in the limestone
range. one mile north Of the Montana
mine and one and a half miles north
east from Bill Tillson's ranch an the
line of the b. K VI. railroad. The DIS.
from S2S TO 500 per ton. The discovers
William Tillson, p. Peterson and Nal.
com Martin, have located group Of six
claims, on each one Of which they have
found the same character and grade Of
ore. The rock is very fine grained,
rather finty in appearance and blush
in color. Previous 10 the Ragged Top
developments it would have been
passed by as non-mine limestone.
Mr.. Tillson was in town yesterday and
reports that the heavy snow now on the
ground will prevent further prospecting
until spring. The new discovery is
only about 900 feet east of the property
known as the Seventh Cavalry, on
which considerable development work
has been done.-Iimes.
KEYSTONE MINES.
L X. Stone, of the Keystone Mining
company, came up from Keystone sun
day says the Deadwood Pioneer. He
intends to start in few days for St.
Louis, where he will negotiate with
some English capitalists upon mining
deal The Keystone mine is still mac
tive, but through no fault of its own.
Mr. Stone informed a Pioneer repre-
sentative that he and associates had
recently made a careful survey of the
inte.ior Of the miEe, and placed the
amount of ore in sight on the ore level
al 100 00l tons This ore is worth, on an
average, between five and six dollars a
ton. and would, if worked on a scale
proportiouate 10 the extent Of the mine,
be one of the most profitable possessions
in America.
The Holy Terror is working steadily,
, milling ore from the 400-foot level at
present. A shaft has been started and
500-foo level will be established as
soon as the shaft is complete.
The test run Of the Ingram custom
mill, upon ore from the Juniper mine,
is progressing satisfactorily, and tie
Juniper people are la ing their plans
for putting in a mill Of their own.