MINES OF RAVEN AND GUYOT HILLS. 
381 
ELKTON MINE. 
INTRODUCTION. 
The Elkton property is owned by the Elkton Consolidated Mining and Milling 
Company, of Colorado Springs, capitalized at $3,000,000. When visited by Pen¬ 
rose in 1894 it was a small mine, 200 feet in depth, with workings confined to the 
Elkton and Kentucky Bill claims. In 1898 the company bought the Appie Ellen 
mine and in 1899 the Thompson. In 1900 the Raven mine, one of the first locations 
in the district, and the Tornado mine were consolidated with the Elkton. The 
Gregory mine was subsequently acquired and the Elkton property now stretches 
northward from the village of Elkton, between Arequa and Eclipse gulches, past 
the summit of Raven Hill. In this irregular north-south strip, over 4,000 feet in 
length, are embraced the Thompson, Raven, Walter, Snide, Katherine, Gregory, 
Princess E., and a number of other claims. The main shaft, situated in Elkton, 
is well equipped with a steel gallows frame, first-motion flat-rope hoist, and 40-drill 
compressor. While the Thompson, Tornado, and Gregory are really separate 
mines, they are so closely connected with the Elkton proper that, in this report, 
all may be conveniently included under the name Elkton mine. 
PRODUCTION AND DIVIDENDS. 
The production and dividends of the Elkton mine, so far as they are obtainable, 
are given in the following table. The figures, however, do not include the output 
of the Raven and Gregory mines prior to their consolidation with the Elkton. No 
separate account was kept by the company of the small amount of silver in the ore. 
Production and dividends of the Elkton mine. 
Year. 
Gross value. 
Gold. 
Dividends. 
Year. 
Gross value. 
Gold. 
Dividends. 
1893. 
$18,759. 76 
Ounces. 
937.98 
1899. 
$617,308.29 
Ounces. 
30,865.41 
$63,750.00 
1894. 
113,602. .50 
5,680.12 
$41.546.57 
1900. 
1.029,260.59 
51,463.02 
258,758.00 
1895. 
79,019.65 
463,732.02 
4,850.98 
23,186.60 
1901. 
1.044,017.88 
493,248.28 
52,200.89 
24,662. 41 
325.000.00 
1890. 
100,000.00 
1902 . 
100.000.00 
1897 
555,164. 78 
27.7.58.23 
270,000.00 
220.000.00 
1903. 
533,409.14 
26,670. 45 
1898. 
552.982.15 
27,649.10 
UNDERGROUND DEVELOPMENT. 
There are four important shafts on the Elkton property, three of which, the 
Thompson, Elkton, and Tornado, lie on a nearly due north-south line, while the 
Gregory lies a little east of that line. (See PI. Ill, in pocket.) The principal drifts 
run north and south, following the Walter lode, but there are also important north- 
northwest drifts on the Raven lode and some very irregular workings in granite 
near the Thompson shaft. (See fig. 34.) 
The main Elkton shaft is 800 feet deep and connects with eight levels about 
100 feet apart (fig. 35). The Thompson shaft, 700 feet south of the Elkton, connects 
with Elkton levels 4 and 5, the latter being the bottom of the shaft. The Tornado 
