MINES OE BEACON HILL. 
355 
C. K. & N. AND OLD GOLD MINES. 
INTRODUCTION. 
» * 
The C. Iv. & N. mine adjoins the El Paso on the northwest, with workings on 
that part of the C. K. & N. lode lying within the Raaler claim. It is owned by the 
C. K. & N. Mining Company, of Colorado Springs, incorporated in 1894 and capital¬ 
ized at $1,250,000. The authorized capital was afterwards increased to $1,500,000. 
Very little work was done on the property until the end of 1899, when it was leased 
for five years to Mr. Horace Granfield, the company receiving 20 per cent on the net 
value of the ore. Although the C. K. & N. lode was not then known in the El Paso 
mine and does not show at the surface, Mr. Granfield sank a shaft 300 feet in depth, 
practically on the lode, and discovered ore in the latter part of 1901. The mine 
has since produced steadily and is noted for the high grade of its ore. 
The Old Gold mine lies immediately west of the C. K. & N., the workings 
being connected on the C. K. & N. lode. It is owned by the Old Gold Mining Com¬ 
pany, of Denver, organized in 1895 and capitalized at $1,800,000, subsequently 
increased to $2,101,150. The property comprises isolated portions of the Old Gold, 
Buckeye, Genevieve, and Lonaconing claims not covered by earlier locations. One 
was first discovered in 1903 by the lessee, E. G. Taylor, superintendent of the C. K. 
& N. mine, at a depth of about 300 feet. 
PRODUCTION. 
The output of the C. K. & N. mine is as follows: 
Production of C. K. & N. mine. 
Year. 
Gold. 
Silver. 
1902.:. 
Ounces. 
9,095 
19,390 
32,093 
Ounces. 
(°) 
510 
(“) 
1903. 
1904. 
60,578 
510 
a Silver for this year probably included with the gold. 
The total gross value of the product is $1,211,553, and the company has paid 
from royalties twelve dividends up to December 31, 1904, amounting to $171,828. 
The Old Gold mine produced up to May 1, 1904, 4,984.57 tons of ore, of a gross 
value of $207,412.18. The royalties to the company, on a basis of 15 and 20 per 
cent of the net value of the ore, amounted at the same date to $29,909.65, and the 
first dividend, $10,505.75, or $5 per thousand shares, was declared in March, 1904. 
UNDERGROUND DEVELOPMENT. 
The C. K. & N. is a small mine, with very simple workings along the one lode. 
The main shaft, situated close to the El Paso line, is 498 feet deep and connects with 
three levels, level 1 being 300 feet below the surface, while the other levels are at 
intervals of 75 feet. These levels run diagonally across the Raaler claim, following 
