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Phantom Canyon is a canyon in Colorado, in the Western United States. The canyon is formed by . The Florence and Cripple Creek Railroad developed it as a route to take gold and supplies in and out of the Cripple Creek and Victor gold mining district. Phantom Canyon Road, a portion of the Gold Belt Byway that runs through the canyon, is an unpaved road connecting CaƱon City and Victor. The road is popularly used for mountain biking and off-roading.