-65- Placer Deposits Placer deposits are knowm in only one locality. For 2,000 fect or more below the lower ond of the canyon on Bob ereek, represonting a stretch starting not far above the mouth of the creek, there are old placer diggings. No accurate knowledge of the production is available, but it is probable that it was not great nor highly remunerative. Diggings in recent years have yielded very low returns. The deposits are of interest because of their bearing on the source of the gold. Very little black sand is found with the gold near the canyon, but lower down where the overburden is clearly heavy there is much. The black sand was undoubtedly derived from the drift. Going up the stream toward the canyon the gold appears fresher and rougher. Gold from near the canyon has attached to it material that resembles the altered rock and vein material of the nearby lode deposits as well as quartz. The ratio of gold to silver, 717 to 255 and 732 to 257, of the placer gold is fairly constant whether it is derived from near the canyon or the sections where much drift has been washed. From the foregoing data it would appear certain thet the gold came from the altered rock in the canyon section. The amount of rock eroded from the present canyon might be approximately 5,000,000 tons. It becomes apparent, therefore, that the yield of free gold from the rock is probably relatively small. The gold is in the main fine and mich might have been carried away beyond the placer workings. Nuggets range up to 68 cents at $35 an ounce. - Bob Creek now flows in a canyon for a distance of about 1,500 feet. The upper end of the canyon is marked by a contact with Tertiary lavas and the lower end by the mill on this property. The canyon is new and cut out of the rotten