Show I 1 drilling into pay dirt 1 q W hundreds of feet underground this miner la Is drilling into the elu sive and much sought pay dirt at the eureka standard mine in the district near eure eureka utah the mineralized vein la Is well wel I 1 defined between two walls walla of quartzite tilte th the e darker material being the ore bearing rock I 1 in order to mine an aunee ol of gold just one ounce at tle the eure eureka ka standard mule it Is necessary to mine approximately two tons of ore not to mention tho the waste that Is thrown over the dump in the course ot of mining operations in addition thousands ot of tons ot of value less limestone and quartzite are arc hoisted to the surface each year by luch a mine in prosecuting development work to open up ore bodies those operating such mines are forced to watch costs in order to make the mine pay its keep the ot of the revenue from a mine min is expended in labor supplies and development then too the operator must be careful to satisfy the stockholder with some reimbursement for or advancing the money to develop the en enterprise ter prise also taxes must be paid to the state and federal government along with compensation pensa Densa tion flon and social security payments each mine has its own problem its location the kind ot of ores and the grade of the ores are important factors in determining whether it can be operated therefore it Is difficult to figure in an average cost of producing pro ducine any particular metal however it has been estimated that it costs around 60 50 cents an ounce to produce an ounce of ot silver allver at the larger operating mines the present price of cents an ounce tor for newly mined silver would therefore leave cents cent an ounce tor for the metal the government coins the silver at dr der ounce there by making the difference between cents and an ounce |