William Greeneberry Russell, a miner from the gold fields of northern Georgia, had come to the vicinity of present-day Denver, then part of western Kansas Territory, in 1858 and with his brothers, founded Auraria on the banks of the Cherry Creek river.
Another settlement on the opposite bank was founded by William Larimer in early 1859.
The placer deposits were quickly worked out, and work shifted to the vein deposits that were the source of the placer gold.Russell Gulch is located approximately two miles southwest of Central City, Colorado, at an altitude of 9,150 feet (2,790 m) above mean sea level.
Russell Gulch is home to a disc golf course, at an altitude of around 9200 feet.
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