Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-12-11

rangements for the erection Of twenty
stamp mill on Sunday Gulch near the
st. Elmo mine, ten miles north of Gus
ter. Work on the mine will commence
at once with force Of twenty miners.
under charge of superintendent James
Mcdonald The ST. Elmo is one of the
richest free milling gold mines in the
Black Hills. Some Of the decomposed
ore gave results as high as $3.50 to a
single pan. In 1882 the ledge was lost.
For several years thereafter nothing
more than the assessment work was
done on the property. In doing the
assessment work for several years past,
a small seam was followed which gradu-
ally opened out until now an ore body
fourteen feet in width is disclosed.
Selected samples assay from 500 to
5000 per ton, while several general
samples Of the whole mine gave an aver
age result Of S24.S per ton.-Journal.
KEYSTONE MINE SOLD
The Pioneer-Tmes is informed by
parties up from the southern Hills, and
from other reliable sources of informa.
ton, that mining deal Of great inn
portarce end value tse ~soesn- consum~t-
ed at Keystone, which consists of the |
purchase of the property Of the Key |
stone Gold Mining company by the
Holy Terror Mining company, and the
consolidation Of the two. The negotia-
tions were conducted by Lac X. Stone, !
former president Of the Keystone, and
J. s. George, president of the Holy
Terror. They haye already been rati-
! fed by the directors of each company.
The consideration is 100000, payable
IN FIVE months in nstallments. Lane
X. Stone and A. J. Simmons, resident
directors of the Keystone company, are
on the ground, taking the inventory
and otherwise preparing for the transfer
of the property to John Fayel, superin-
tendent of the Holy Terror. The i'm
mediate cause for the purchase is that
on the fifth level Of the Holy Terror,
the ore shoot has been followed into the
Keystone ground past the side lines,
over 100 feet and found the vein
stronger and richer there than upon
, the Holy Terror side. The determina-
, ton of these facts no doubt led TO the
, refusal Of the English offer which was
e long. wnded and the acceptance OF the
y more favorable terms Of the Holy Ter
j. ror by the Keystone people. The Holy
:. Terror company has been treating S2C
h free milling ore for some time past
e cleaning up 81 600 per day with ten
v stamp mill. 1t will soon put the Key
n stone 40 stamp mill in operation, there
by increasing its output and enlarginG
its dividends, it having been dividend
having mine for some time. II may
Y now be truthfully said that one payln!
~ s---.s;Ssss ...ih last loT ap ild eAntt'
nj Inc hltherto much talked or Per
be mining deal at Lead seems TO ha,
lat passed into remnescence so far as tn
us mammoth mining transaction was or
sv ginally contemplated. The Deadwoc
or Independent of last Tuesday says Joh
p Pierce, so well known in the Hi
~ through his connection with the bi
- os mining deal pending at Lead, which
ed !nacgc-a.ed year ego, arrived hi
Il. morning from an eastern trip, havin
IN gone as far as New York. He is no
y saying much about the big tran sactior
% but persons on the inside announce tha
d there is now an excellent prospect o
y something being accomplished. Mr.
D. Pierce has been east a little more than
;, month, and during that time the inter
II est of the intended purchasers has beer
b taken care Of on the ground by Col. l.
g &. Twoubly, who is still at Lead. I
has been given out with great degree
r of confidence that at least a part of the
y ground under bond is to be taken i'm
r mediately. and that payment will be
u made.