30 Years Ago – September 2, 1983
Arden Larson, president and majority stockholder of Saratoga, claims that, although no gold is yet ready for shipment to refinery, the last bugs have been worked out in a procedure that will earn the company a profit of $7,500 per day. The company’s experimental facilities are located in Willis Gulch about three miles south of Central City. Instead of mining for gold, the corporation is taking gold out of old mine dumps using a leaching process.
Gilpin County applied for a $325,000 grant from the Division of Local Affairs, to purchase and partially remodel the Clark School in Central City. The grant was denied because the County missed the submission deadline. The County will submit the grant again. The grant applications are reviewed three times a year. The realtor who was representing a group of investors who previously wanted to buy Clark is still interested according to school board member John Rittenhouse. The school superintendent was advised to call the realtor and inform her that the deal with the county is “looking soft.”
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