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Arrested and accused of robbery in Lone Butte, Cheyenne escapes to clear his name. The only clues he has are the location of the gang's well-guarded hideout and that the killer was wearing an unusual gold lion's head belt buckle.

Cheyenne is falsely accused of murder after a bank robbery in Lone Butte and is arrested. A reluctant eye witness identifies Cheyenne as the shooter only after being forced to do so by one of the men who arrested him although the only thing he remembers about the shooter is the fact he had a gold lion's head belt buckle. In order to clear his name he is forced to escape by locking his captors in the jail cell. Cheyenne knows what the shooter's belt buckle looks like thanks to the eye witness and that it was the Ellwood gang but little else. He sets out to find the real killer and clear his name. He has a fake wanted poster printed with his picture and name. He heads to the area where the Ellwood gang hides which is in disputed territory between Mexico and the U.S.A. The Army picks him up as they have the one entrance Hatchet Pass to the Hatchet Valley guarded. He convinces the officer in charge to help him enter the valley where he looks for the killer but finds himself caught in a tricky situation.—Anonymous

Once a confederate military officer and now an outlaw gang leader, Major Ellwood invites Cheyenne to join after he outruns an army patrol.