We got some helpful information on the ghost town of Preston, South Dakota from Misty Weinburg-Bruce
I'm a native South Dakotan, born and raised in Rapid City. I am a certified nurse and medication aide. I love hiking, fishing and gold panning in the Black Hills. That is why I live where I do. Preston was a mining town. It was established about 1897 to work the shallow gold ores in the vicinity of Ragged Top Mountain. Today, the area known as Preston is where there were several good mines including the big Spearfish Gold Mining and Milling Company and the Ulster, a mile north of town, which produced ore assaying $2,000 to the ton.
There are several original buildings still standing including the Ragged Top School and a deserted three-story house. The Spearfish Mine produced 48,618 ounces of gold from 1899 to 1906. The people there would have been very proud of the gold and most people do not know that there is a small cemetery there.