Show drilling into pay dirt dire F 71 ar P 1 P M 4 17 7 1 n 1 A e ad x akk f N al g 0 f q vw I 1 u A 1 ZV IM x 1 Y P W p 01 n IT W A 74 w 4 ya 04 NO 04 M w e aw 5 X za lik n 34 V ow W A X k av 4 4 hundreds of 0 feet underground this thi miner Is drilling into the tha elu elit and much sought pay p ty dirt at the eureka standard mine in the gintic tintic district near euleka utah the mineralized vein is well defined between two walls walla ot of quartzite the darker material being the ore bearing rock in order to mine an ouno oun o ot of gold just one ounce at the eureka standard mule it Is necessary to mine approximately two tons tone of 01 oie e not to mention the waste that is thrown over the dump in the course ot of mining operations in addition thousands of tons ot of valueless limestone lime limestone sione and quartzite are hoisted to the surface each year by inch a mine in prosecuting development work to open up ore bodies those operating such aives are forced to watch costs in n order to make the mine pay its keep the bulk ot of the revenue from a mine Is expended in labor Bupp lie leg end and development then too the operator must be careful to satisfy the stockholder ami some reimbursement for or 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 payments each bach mine has 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 60 cents an ounce to produce an ounce of silver at the larger operating mines the present price of cents an ounce for or newly mined silver would therefore leave cents an ounce for or the metal the government coins the silver at per ounce there by making the dif difference trence between cents and an ounce |