The official Forest Service TH now lies close to Poverty Gulch, so the trail now leads east initially, gaining a little elevation to cross Poverty Gulch. Once across, the trail loses a little elevation before gaining more steeply. As the trail steepens, it gains elevation on several switchbacks. As the trail nears the lake, you can continue on the trail until you have a beautiful lake view, but it's best to find a place to cross the creek below the lake outlet on its north side. From the lake, San Miguel appears as a rather nondescript summit that lies to the west and appears to be so small, you may not believe that is the summit you've come thus far to climb. It will take about an hour to reach the lake.
As mentioned before, cross below the lake outlet passing through a ravine and an old dam. Begin working uphill along a broad slope that extends south of the main NE ridge of the peak. We followed below and on the south side of that NE ridge heading generally WSW to finally gain and intersect the NE ridge at 13,100 ft. The terrain to this point was mostly tundra with embedded rocks and patches of snow still showing this July 31 - August 1 weekend. Once on the NE ridge, continue on increasingly rocky rubble to the false summit. The last 400 feet of elevation to the false summit will be entirely on rubble.
As you close in on the false summit, turn more to the west and follow the summit crest to the true summit. This is the more entertaining part. The entire distance is on large, fragmented boulders, many of which seem to be aligned vertically and will keep you hopping around looking for the best and easiest way across. Just before the summit is a large gash which requires a steep descent to the north side of the crest of about 100 feet. Once across the head of the couloir, which may still be snow-filled, ascend steeply up a gravely slope and back through more large boulders along the ridge crest again. You may need to cross to the south side of the crest, then regain the ridge farther on. As you reach the true summit, it will be separated from the main ridge by another smaller gash. On this final section, we had a friend with us who had a fear of heights and found herself somewhat intimidated, but eventually we coached her over. This summit ridge proved to be a challenge to our kids, ages 9 & 11, but they made it with the approval of proud parents.
The summit affords little comfortable place to sit and eat lunch and enjoy the view. To the NE, you'll enjoy a spectacular view of Vermilion, Golden Horn & Pilot Knob. You'll also be able to view far down the valley of the Lake Fork Creek back toward Trout Lake & the many cabins & homes in the area.
Links to other information, routes & trip reports for this peak that may be helpful.