Chronology of Events

1849	Beginning of the California Gold Rush
1852	Placer Mining began in the Alleghany District with the discovery of the first gold by Hawaiian sailors.
1853	Earliest report of lode mining (Rainbow and Irelan mines)
1861	Peak of placer production in the Alleghany district.
1870	The Placer Act limits placer claims to 160 acres.
1882	A 1000 troy ounce slab of quartz and gold from the Rainbow mine on display in San Francisco.
1891	Ruby and Bald Mountain Extension mines only ones to maintain payroll.
1891	Three-way partnership formed to relocate vein (Tightner vein) from the Knickerbocker tunnel.
1896	William Jennings Bryan gave “Cross of Gold” speech advocating coinage minted from 16 parts silver to 1 part gold. (16-1)
1896	Tom Bradbury located the Sixteen to One vein in his backyard.
1900 – March 14	U.S. on gold standard.
1908	H.L. Johnson applies for patent on Contract, Contract Extension and consolidates Rainbow, Red Star & El Dorado.
1908	T. Bradbury options Sixteen to One to partnership of Lawson, Wilson and Van der Beugle, they hit rich ore and Wilson slips out of town with the gold.
1911	H.L. Johnson sells his interest in the Tightner to O’Brien, Foote & Assoc. ($550,000).
1911 – October 6	J.G. Jury, W.I. Smart and H.K. Montgomery incorporate as Original Sixteen to One Mine, Inc
1918	Fred Searls Jr. forms the Alleghany Mining Company and takes over Tightner Mines Company. He then begins to rework the Red Star.
1918	Tightner Mine has produced $3M and distributed $.5M in dividends under Foote & O’Brien.
1919	Sixteen to One’s Twenty-one Mine litigation. Settlement of $93,000 in favor of Sixteen to One which bought the Twenty-one Mine for $60,000.
1922	Sixteen to One has discovered orebodies to the value of: $2M, $1M, and several at $.2M.
1923 – April 23	Dr. R.G. Raymond (Mariposa Mine Assoc.) quit-claims Ophir and Eclipse properties to the Sixteen to One.
1924	80 pound lot of ore from the Sixteen to One yields $5,000.
1924	The “Sixteen” has paid $1.283M in dividends.
1925	Sixteen to One acquires Tightner Mine from Alleghany Mining Co. (Fred Searles).
1928	A 160 pound chunk of ore form the Sixteen to One mine yields $28,000.
1930	Depression. Payroll averages 80 to 100 men.
1934 – February	Price of gold fixed at $35 per troy ounce.
1934	Bullion receipts of the Sixteen to One total $.578M for the year. Dividends that year were $.287M (almost 50% of bullion receipts).
1940	Up to this year, $4.4M in dividends paid out.
1940	Peak of U.S. gold production. 150 tons for 1940.
1941 – August 25	F.F. Cassidy buys the South Fork properties on behalf of the Sixteen to One.
1942 – October 8	War Production Board Order L-208 reduces mining activities in many mines to nil.
1942	Up to this date Sixteen to One has mined .608M tons of ore with a yield of .749M ounces of gold. Handsorting totalled 164 tons with 73.25% of the yield.
1943 – April 15	Sixteen to One acquires Rainbow property.
1954	Fire in hoist room of the Tightner shaft.
1954 – Oct. 18	Rainbow Extension and Fraction acquired.
1965 – Dec. 9	Sixteen to One mine phases out of mining, having produced over 1M ounces of gold.
1968 – March 17	London Pool dissolved; U.S. off the gold standard.
1975 – Jan. 1	U.S. Citizens permitted to own gold
1976	Lease to the Sixteen to One Mining Company, an unrelated Nevada corporation
1976	Tightner Mines Company merger. Proxy fight for the control of the company commences.
1980 – Jan. 21	Price of gold reaches a high of $850.00 per ounce
1983 – July 14	Lucky Chance Mining Corporation acquires Sixteen to One Mining Co. and changes name to LCM Corporation.
1984 – April 27	High-grade ore discovered by LCM Corporation.
1984 – November	Bald Mountain Partnership options Forest properties from Sixteen to One.
1985 – Jan. 27	Company modifies lease. Red Star claim reconveyed to Sixteen to One.
1985 – March	Company acquires old school in Alleghany.
1985 – April 1	Transwestern Mining takes over as operator of central lease from Kanaka Creek Joint Venture. (KCJV).
1985 – May 13	Completion of first audit in thirty years.
1985 – Feb. 24	Lowest price of gold in this decade. $284 per ounce.
1986 – Jan. 26	Mine office ( the Alleghany School ) destroyed by arsonist.
1987 – June 19	Royal Gold, Inc. replaces Transwestern Mining as operator of KCJV.
1987 – July	Acquisition of lease of Osceola Mine.
1987 – Sept. 11	Successful completion of Private Placement Financing. $430,634.
1988 – April	KCJV gold production approaches minimum royalty level.
1989 – May 19	Public listing on the Pacific Stock Exchange.
1989 – June	Completion of initial phase of Red Star rehabilitation.
1991 – June 3	Agreement with Royal Gold terminated. Company reconsolidates its assets.
1992 – Jan. 26	Hand held metal detectors work magic. 1000 ounces of gold discovered.
1993 – August	The Whopper discovered. An eighteen pound specimen, mined from the 2200 level, contains 141 ounces of gold.
1993 – December 17	Greatest recorded single day production. 2500 ounces were mined from the 1330 stope. (value:$1M).
1994 – January	Company purchased Brown Bear Mine in the Trinity Alps. 500,000 ounces reported gold, one million dollar drilling data at town of Deadwood
1994 – October	First breaking of rock on the 2483 winze. This represents the first deepening of the mine in forty years.
1995 – March	Sixteen to One equips its own mine rescue team.
1995 – July	5000 ounces mined in ten days. (value:$2M).
1995 – August	Original Sixteen to One Mine announces first dividend in 40 years.
1996 – January	Company has 731 shareholders of recored and approximately 100+ in street name.
1996 – October 28	Sixteen to One Mine honored for 100,888 work hours from January 1988 to October 1994 without fatal accident or permanent total disability.
1997 – April 1	No joke. 300 ounces re-enforces the beginning of new pay chute.
1997 – May	1000 ounces mined in less than a week
1997 – November 14	Miners set record and hoist 100 skips of ore.
1997 – December	Rainbow Mine is reopened after being inactive for over 70 years
1997 – Dec. 31	Rainbow mine yeilds 100 ounces and earns a six month look.
1998 – April	Mine survives the worst of El Nino, operating every day with only minor interruption.
1999 – January 21	California Sesquicentennial Commission honors Company as Official Golden Partner commemorating the gold rush and statehood of California 150 years ago.
1999 – February 12	Black Friday. Crew disbanded.
1999 – June	Company acquires Plumbago Mine.
1999 – October 1	Downsized crew is back on payroll.
2000 – March 31	620 ounce production for a profitable first quarter.
2000 – December 31	Company has its first profitable year since 1995.
2000 – September 30	Company ends the third quarter with a gold production of 1,454 troy ounces.
2001 – December 31	1,259 Holders of Common Stock
2000 – November 6	Tragic accident takes the life of Lead Miner Mark Fussell.
2002 – July 9	Private Lawyers initiate criminal charges against company re: fatal accident.
2003 – Feb. 13	Sierra County Superior Court Judge throws out criminal charges. Website forum celebrates, victorious and company presents claim.
2002 – Jan. 10	Approximately 1000 ounces produced since December 14, 2001
2007 – December	Mine operations shift into maintenance mode.
2012 – Oct. 11	Sixteen to One becomes one of 500 hundred-year-old companies in the U.S.
2017 – June	Pump placed in Tightner shaft. Let’s get to the bottom!
2015	Crew sacks 687 ounces from unusually brecciaed vein, resulting in modest annual profit.
2016 – Jan. 15	Zero Level (very old, explored with detectors) opening begins.
2017 – Aug. 9	Rare dismissal (100%) at MSHA hearing of citations during quarterly inspection.
2017 – Dec. 8	Central Valley Water Board action compels Company to file petition for review with State Water Board.
2018 – March 1	Master Limited Partnership suggested for financing. Opportunity Zone investment favors gain attention. Thank you, Congress!
2017 – Jan. 13	Company posts “Outlook 2017 World Gold Council” on Forum.
2018 – December 13	Miners have nearly cleared 1700 foot level to Tightner Shaft. Details: FORUM topic “Clips from Alleghany”.
2018 – July 7	Sixteen to One Mine hosts first ever disabled-access underground tour!
2019 – March 29	A 21-ounce gold-quartz specimen is mined from underground. It is named “The Hand of Dan” on the spot, after the miner who held it in his palm as it was photographed.
2019 – October	Tahoe National Forest periodically goes black as PG&E conducts Public Safety Power Shutoffs. Pumping suffers due to lack of electricity.