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Within the last few days, says the Cripple Creek Press, a deal has been consummated whereby the Providence or Daphne claim becomes the joint property of the Woods Investment Company and James Doyle of Victor, each holding a half interest.
This claim has been the subject of endless litigation for a period covering four years, and the deal which is now practically closed, puts an end to all controversy with reference to its title. In the deal just closing the Woods Investment Company secures for the sum of $40,000 a quit claim deed to the property from the Amazon company.
For this they are to receive an undivided one-half interest in the claim.
The claim contains six acres and is located in West Victor three blocks from the postoffice. The property is supposed to contain the extension of the Gold Coin vein and the desire of the Woods people to secure an interest strengthens this belief.
Doyle had his vein in mind when he secured his lease. There has been over 2,000 feet of development work done.
The new owners will begin development work immediately and the prospects for a big mine are good.