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Show KGYSTONE PLACERS. flinroncli l'rrpiimtlon to Icrelop What I'roinliri to llo it (lre.t Mine. A dispatch from Tcllurldo to tho Ilocky Mountnln News says: Development work on tho Keystone placer, four miles below town, Is going steadily nhend. A largo shaft Is being sunk to bedrock, nnd from Judications It is believed Hint It will bo reached In tho next few feet. Two pumps linvo been put In. Ono has n capacity of 1,400 gallons per mlnnto nnd the other 2, UK). These nro used In sinking tho shaft, the largest one raising with ease boulders eleven inches in diameter. The pipes run Into n settling tank on tho edge of tho mouth of tho shnft,' nnd hero the gold Is separated from tho gravel. The dirt nnd grnvel taken out whllo sinking tho shaft has nvcrnged 50 cents per ynrd, nnd ns bndrock Is nppronehed It grndually Incrcnses In richness. Numerous tests havo b.en made of tho grnvel on the surface, nnd It yielded from L'O to 10 tents per ynrd. San Miguel river ran nt ono tlmo directly di-rectly through tho placer, but now runs around ono side of It. Tho placer pla-cer Is n natural sink basin, nnd n lnrgo portion of the gold vnlues havo been washed down from Mnrshnll nnd Snv-ngo Snv-ngo luistiis nnd other gold-producing sections of the county for generations past. Tho owners of tho placers hnve In connection ono of the llnest water powers In tho state for hydraulic purposes. pur-poses. It is so situated that tho wholo of San Miguel river enn bo utilized to great advantage, tho head fall being between -10U nnd COO feet within n dls-tnnco dls-tnnco of less than n quarter of n mllo. After bedrock has been nttalned nnd the plncor equipped with thachlnery, it Is tho Intention to treat from 5,000 to 10,000 yards of gravel dally. The number num-ber of yards of pay dirt Is estimated to be In tho millions. Professor Casey has chnrgo of tho work, n:id Is prosecuting prose-cuting It systematically. |