Gilpin observer., 1912-11-21
REQ COMPANY BUYS
THE KEYSTONE GROUP.

The Rio Mining company, through
its manager, T. r. Cudahy, has taken
an option on the Keystone group of
six patented claims. This group con-
sists Of the we'll known East Key
stone, the West keystone, the Buck
eye, Montezuzma, Bullion and Gold
Cup claims, located in Quartz Valley
mining district.
The Keystone mine, with depth
of but 1S0 feet, has known produc-
tion of several hundred thousand dol
lars and in connection with the Gold
Cup and Buckeye, is noted for it's
high-grade gold, silver and lead ores
These properties are most admir-
ably located for cheap and effective
mining. A spur of the Gilpin county
tram crosses the property, and at a
very nominal expense can be extend
ed to the Keystone shaft and the
Buckeye tunnel.
The veins of the Keystone, Buck
eye, Gold Cup and Bullion are large
true fissures in granite and porphyry
Messrs. Webb and Warwick have re
Gently shipped above twenty tons of
better than $4,000 ore from surface
shaft of less than 80 feet in depth,
sunk on branch or feeder vein on
Buckeye ground. They also have out
some so tons of mill dirt that will
well pay for handling.
F. E. Mccoy has sunk a 4O-foot
shaft on the main Buckeye vein, $50
feet, northeast from the Webb and
Warwick shaft, in which he has op-
ened up one foot of solid smelling
ore, and there being upward of two
feet Of milling ore which pans gold
very nicely. The keystone is equip
ped with 2Ox4O foot shaft house, an
upright boiler and hoist.
1t is the REQ company's intention
to at once start breaking ore in the
west 120-foot level from the Key
stone shaft. This level has already
been driven about 200 feet on the
vein and now has breast of two
feet of quartz that is we'll mineral
lied. The shaft will be cleaned out
and reumbered to the bottom and
level driven east to intercept the
crossing of the Gold Cup vein.
The Gold Cup vein, from a shallow
surface tunnel, produced mill ore that
plated as high as 20 ounces gold to
the cord. There can be little doubt
but that large bodies of high-grade
ore will be found east of the Key
stone shaft at the junction of the
Gold Cup and keystone veins. The
company has men working in the
Buckeye - or Mccoy shaft on the
Buckeye vein. This shaft will be con-
tinued down to the 10Ofoot point,
then levels driven both ways on the
vein to open up ground for stopping.
An immense tonnage of both smelt-
ing and mill ore will be shipped from
this shaft during the next six months.
One hundred and fifty feet east of
the Mccoy shaft on the Buckeye vein
there is an old shaft that was sunk
years ago, during the early days of
Glpin county mining, which at the
present time is caved in almost to
the surface. This shaft, according to
report of the old-tfmers, had a main
depth of about 20 feet and was noted
for the richness of the ore 1t pro-
duced. This shaft was worked by two
old prospectors we'll along in years,
and was abandoned by them on ac-
count of the excessive flow of wat
er at that time and their lack of
means to equip the property with
proper hoisting and pumping machin-
cry.
In addition to the Keystone group,
the REQ company has very valuable
holdings on Republican mountain at
Silver Plume.
This company is close corpora.
tion, noted for its conservatism. T.
r. Cudahy. of this city. is general
manager Of the companys affairs,
which Of itself speaks volumns for
the success of any enterprise the
company may engage in.
The party of eight surveyors en-