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Show Utah 'Goat Pasture' Proves Rich Mineral Ground Once regarded as poor "goat pasture". No more fitting example of the old axiom that all great minos were once mere prospects can be had than the development of the Tlntlc Standard mine at Eureka. Prior to 1917 the rhyollte covered area to the east of the Tintic mining min-ing district was often referred as goat pasture and not too good goat pasture at that. The surface indications indi-cations of mineral wero' limited and the ground was valueless from an agricultural standpoint. , In 1907 E. J. Raddatz was struck by the mlnoral possibilities of the area, and was determined that a great ore body existed below the rhyollte. Few people would follow the young prospector In his theory with their dollars and he experienced experi-enced more difficulty in raising sufficient suf-ficient capital to keep the prospect "alive." Luck played no part with Raddatz; for ten years he sacrificed and struggled to keep his prospect going. During those ten long years he managed to scrape together approximately ap-proximately 1400.000 to sink a shaft deep enough to find the ore. After selling his stock he was forced to levy 19 assessments in order to continue working. Ore was encountered In 1917 and from this "goat pasture" has been mined nearly $75,000,000 In new wealth, most of which was been fed into business and Industrial channels of Utah. Of the total, nearly $30,000,000 has been paid to railroads, smelters and refineries, over $13,000,000 has been paid to labor and about $6c 000..000 has been paid in taxes. In addition, the company has been active in the development of other mines throughout the state and has assisted and joined with others . In its efforts to broaden Utah's metal Industry. |