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Show - - - Eueka Mine Stages Comeback Ii Ii.ooj y rk qt a ayf -yf yf - : yfyy yy s sa " * + H Ha a a mbny mbnyd mbnyw d % w rw yl ylr t r } 3 * y yts ts qx * * a sy * I W w wfrLE frLE frLEQ frLEp Q p , r i i ir ' - - MML MMLiN iN gYafld W r . V VMnW -.ooj .ooj MnW - MnWI . I Surface plant of Chief No t mine at Eureka , Utah , where old workings yield low grade ores I Unwatenng U.nwatermg Unwatermg Unwatering . ot of the lower levels levelsof levelsof levelsof of the Chlet Chief No 1 mine at Eureka Eurekahas Eurekahas Eurekahas has brought one oi of Utah s old metal metalproducers metalproducers metalproducers producers back Into active produc productlon production productlon productlonThe tlon tion tionThe The mine has hab been reopened helow be below below low the 22 22o0 2230 0 toot foot level and last year yearSO 80 514 pounds ot of vital war metal metalwas metalwas metalwas was produced from below thathorizon that thathorizon thathorizon thathorizonAbandoned horizon horizonAbandoned Abandoned years ago the lower lowerlevels lowerlevels lowerlevels levels ot of the Chief No 1 l3 is an ex example example ex-ample ex ample - ample ot of how nrlee price and cost deter mine the e extent : ent ot of the metal re reserves reserves reserves serves ot of a mine mme a mining district districtor districtor or a stateIt stateIt state stateIt It Is i5 natural that the lower thecost the thecost thecost cost the lower 10er loser 10\\ 10 \ er the grade ot of the ore oretha orethat orethat tha that speakIng can be mined Generally speak speaking speaktag ing tag Utah s ore reserves have become be become become come progressively lower In grade gradesince gradesince gradesince since mining mmlng was first started ac ac- actively actively - . tively In the early sixtiesNaturally sixtiesNaturally sixties sixtiesNaturally Naturally higher metal pricesalso prices pricesalso pricesalso also tend to make possible , the mln min mlnmg mining mining mg ing ot of 10\\ 10 lower 10er loser \ er grade ores but asUtah as asUtah asUtah Utah producers are dependent upon littl littie a world metal market there Is lit tie tl thpy U1IJY > py can do to Influence intluence theprice the theprice theprice price ot of metalsUnder metalsUnder metals metalsUnder Under conditions brought about by aboutby the war the Chief was granted grantedpremium grantedpremium grantedpremium premium price enough to meet the thedeficit thedeficit thedeficit deficit of producing the low gradeores grade gradeores gradeores ores lying below the water level levelHence levelHence levelHence Hence thatUtah thatUtllJh It can readily readlly be s seen en that UtllJh Utah a . $ a . nonferrous son non ferrous metal reserves reservesare reservesare reservesare are determined by cost and prices pricesThe The 10\\ 10 lower 10er loser \ er that costs are kept reservesI thegreater thegreater the thegreater I greater will ba be the state a s industry industryand industryand Industryand and return to people _ |