Show Drilling Into Pay Dirt 1 1 f t 1 f R Ri S i 3 J t r. r o z 5 4 4 g r. r Hundreds of ot feet teet underground this miner is drilling into the the th elu sire eive and much sought pay flay dirt dirtat dirtat at the Eureka Standard mine In Inthe Inthe Inthe the Tintic district near Eureka Utah The mineralized vein is well defined between two walls of or quartzite the t h e darker material being the ore bearing rock In order to mine an ounce of ot gold just jest one ounce at the Eureka Standard it is necessary to tomine tomine tomine mine approximately two tons of ot ore ore not to mention n the waste that thatIs Is thrown over the dump in the course coarse of ot mining operations In addition thousands of ot tons of o value valueless less 1558 limestone and quartzite arc are hoisted to the surface each year by such a mine in prosecuting develop development ment meat work to open up ore bodies Those operating such mines are forced to watch costs in order to tomake tomake tomake make the mine pay Its keep The bulk of ot the revenue from a n mine is expended In labor supplies and development Then too the opera operator o era era- tor must be careful to satisfy the stockholder with some reimburse reimburse- reimbursement ment went for advancing the money to develop the enterprise Also taxes must be paid to the state and fed ted federal eral government along with com compensation and social security pay ments Each mine has Its own problem Its location the kind of ot ores and the grade of or the ores are important factors in determining whether it itcan Itcan Itcan can be operated Therefore It Is 13 difficult to figure an average cost costor of or producing any particular metal However It has been estimated that it costs around 50 cents an ounce to produce an ounce of or silver at the larger operating mines The present price of or cents an a ounce for newly mined silver would wout there therefore fore leave cents an ounce for forthe forthe forthe the metal The government coins the silver at per ounce there thereby by making the difference between cents and an ounce |