Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-05-08

connected with the deal, in
which he stated that $4,000 600 is the
price TO be paid for the mine; Sl25,000
paid down; $4,000 is to be e2-
pended for development and the balance
Of the sale price to be paid In one year.
Later information received by the
indicate the purchase price
of the property to have been much less
than the amount above stated. 1t is
now reliably given out that the price
paid for the property was $250.000. and
that the value of the machinery to be
Immediately added will be about
$4,000.
MICA CLAIM BONDED.
A mica claim, known as the Columbus,
six miles east Of Custer, and
owned by the Pitcher Brothers, Ii. G..
Buttertield and John Collins of this
place, was bonded the latter part of last
week to q Cincinnati company for four
months. The consideration has not
been given out, but it is known that %
per cent Of the purchase price was paid
upon the execution of the bond. A
small force is now engaged in develop
ing the property.
DEMEREAU MOUNTAIN.
A recent Black Hills special to the
Omaha Bee says: Captain Fred NJ.
Darlington, a prominent northwest Me-
braskan, has been perseveringly working
on the Demereau group of claims, "a in
number, situated at Pringle, in the
southern Hills all winter. He has
driven a tunnel 200 feet into a vertical
ledge Of ore 80 feet thick, which is very
similar to the siliceous ore found in the
Ragged Top region. The average value
of the ore is very good, and Mr.. Dor
rington thinks he has q promising pro-
position.
CUSTER MINERAL REGIONS.
Prot. ii. M. Chance the Philadelphia
mineralogist, who has been investigat-
ing the mineral regions Of the Black
Hills, arrived in Lead yesterday. Prof.
Chance has been in the vicinity Of Gus
ter for some time prospecting for gold
in the lime stone regions adjacent to
that place. The formation there is very
similar to the Ragged Top region and
there are good prospects Of gold.bear-
ing ore in large quantities and of good
Prof. Chance staked out a mum
Der of claims while on his prospecting
tour.-Lead Call.
SURPRISE.
The Sioux City Journals Black Hills
correspondent is responsible for the
statement which appeared in
asst Mondays issue of that paper: The
Did Standby mine at Rockford has at
asst surprised those who have watched
is career with no little interest by dis
first class ore. The Standby was
ocated years ago and for a long time
vas un%successfully worked. 1t was
abandoned and remained so
Until a short time ago, when the mine
vas renamed and work began anew.
The mine is o called the Apex and
IRE which runs $50 to the ton is now
IMPLYING a thirty-stamp mill with
of work. The existence of the
iewly discovered ore bodies was never
bought of and their discovery is largely
lue to accident.
KEYSTONE MINE SOLD.
Yesterday the deal transferring the
veil known Keystone mine to an Eng
ish syndicate was consummated which
chronicles the largest mining deal yet
made in the southern Hills. The
mount involved was not given out, but
t is known that the price was well up
n the six figures. This deal means
much for the southern Hills and for the
purchasers as well as the property has
ong been known to be one of the best
propositions in the entire Hills under
management. 1t is simply a low
trade proposition, the development SO
ar showing a body Of ore of mammoth
proportions. Heretofore lack Of capital
las handicapped the proper working Of
he mine, but this will now be done
away with as the English syndicate has
abundant means to work the property
IS it should be worked. The deal was
closed yesterday through Col. Cecil
the well known mining en-
who has been at Keystone for
'ome time past thoroughly inspecting
he property for the English syndicate.
lr. Morgan is a thorough mining man
If many years experience, during
which time he has been prominently
connected with some OF the largest min.
ng propositions in the world. He was
or a number of years superintendent of
he Brooklyn Hills, New South Wales,
iilver mine, the largest silver mine in
he world. Col. Morgan's past enviable
'ecord in mining matters has stamped
him n Of the foremost experts and it
vas through his report that the Key
tone deal was brought to a successful
ssue. Col. Lane X. Stone, manager Of
he Keystone mine, negotiated the deal.
Ills untiring energy in developing the
nine during his management. which
VAS the factor of proving that the prop
'rty was a mining proposition of unde-
,iable merit, is to be highly commended.
The Journal learned from the best
possible authority last evening that ag-
work under the auspices of the
would be at once inaugu-
ated upon the property. Forty new
will be at once added to the
wenty now in the mill and within a
ew months the number will be in
,reased to 100. Everything about the
nine will be increased and new features
toward a better working of the
property will be added as occasion calls.
The contamination of this deal means
much to the Southern Hills directly and
s of vast importance to the entire Black
Hills as well as it will demonstrate that
here are plenty of mining propositions
hat are to be found here that only
wait the interest Of capital to make
hocr 0o.;r. ova,t~.ct ~ A. .-.x