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

engagements for the erection Of a 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 a 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 $50 to
$500 per ton, while several general
samples of the whole mine gave an aver
age result Of SPA. so per to~n.-Journal.
KEYSTONE MINE SOLD
The Pioneer-Times is informed by
parties up from the southern Hills, and
from other reliable sources of informa.
ton, that a mining deal of great i'm
portancs and vsiue hss been
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-
tons 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 installments. 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, superln-
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
r over 100 feet and found the vein
stronger and richer there than upon
e the Holy Terror side. The determine
o ton Of these facts no doubt led TO the
v refusal Of he English offer which was
e long. wiudcd and the acceptance OF TIT
Y more favorable terms Of the Holy Ter
ror by the Keystone people. The Hol.
Terror company has been treating .
h free milling ore for some time pas
le cleaning up : 1900 per day with a ter
" stamp mill. 1t will soon put the Re!
,r stone 40 stamp mill in operation, there
by increasing its output and enlargin
its dividends, it having been a divIden
having mine for some time. II ma
" now be truthfully said that one payin
et~.T-ss, se ~iib zlsst lor an lgaeApii
nj Inc nltherto much talked or Pier
he mining deal at Lead seems TO ha
rat passed into a reminescence so far as III
us mammoth mining transaction was o
90 ginally contemplated. The Deadwo
or Independent Of last Tuesday SAYS: Jol
,p- Pierce, so well known in the Hi
ny through his connection with the /
of mining deal pending at Lead, which
ed inaugurated a year ago. arrived III
TT. morning from an eastern trip, havii
In gone as far as New York. He is n
~ saying much about the big transactio.
va but persons on the inside announce thi
id there is o an excellent prospect
~ something being accomplished. NJ
Pierce has been east a little more than
h month, and during that time the intel
al est of the intended purchasers has bee
h taken care Of on the ground by Col. |
g C.. Twopbly, who is still at Lead.
: has been given out with q great degre
n Of confidence that at least a part of tn
D. ground under bond is to be taken i'm
mediately. and that a payment will b
made.