Show drilling into dirt MV i T t q VY al hundreds of ef feet underground this miner Is drilling into the elusive and much sought pay dirt at the eureka standard mine in the gintic tintic district near eureka U utah the mineralized vein tein is well veil defined between two walls a 0 quartzite th the a darker material being the ore are bearing rock rack i in order to mine an ounce of gold luat just one ounce at the eureka standard anle it to Is necessary to mint mine approximately two tons of ore not to mention the waste that ll Is thrown over the dump in the course coune ot of mining operations in addition thousands of tons of valueless limestone and quartzite are hoisted to the surface each year by such a mine in prosecuting development work to open up ore bodies thone operating such mines are arc forced to watch costs in order to make the mine pay its keep the bulk of the revenue from a mine is expended in labor supplies auppl lei and development then too the operator must be careful to satisfy the stockholder with some reimbursement tor for advancing the money to develop the enterprise also taxes must be paid to the state and federal government along with compensation pensa tion and social security pay ments mento each mine has hag its own problem its location the kind of ores and the grade of the ores are important factors in determining whether it can be operated therefore it Is difficult to figure an average cost of producing any particular metal however it has been estimated that it costs around 50 cents an ounce to produce an ounce of silver at the larger operating mines the present price of cents an ounce tor for newly mined silver would therefore leave cents an ounce tor for the metal the government colts coins the silver at per ounce thereby making the difference between oil cents and an ounce |