Ace Diamond (James Craven) and Bill Clinker (Rex Lease) frame Sunset Carson (Sunset Carson) for the murder of a young rancher, Jim Owens (Jay Kirby as Jay Kirby). Sunset and his sidekick, Banty McCade (Tom London) escape and ride to the Owen's ranch to aid Jim's sister Molly (Peggy Stewart) in her fight to hold the ranch from being taken over by town banker Jacob Lewis (Edmund Cobb), secretly in cahoots with Diamond; both men are aware that an assay report indicates there is gold on the Owens property.