The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-04-16

ise TO gladden. the miners heart with
SooJly quantities OF the white metal
Six months ago GoWganda waS un-
heard OF and little was known of tho
Montreal River district. yet today
thcrc are many hundreds OF prospec-
tors In tho fleId and the district Is fast
being developed into a place Of mag
nitude In the silver world This has
been done during tho severe cold Of
winter. Now the ice Ia breaking In
that district and there Is a Wild scram-
bic to place machinery there before the
snow Is gone. Intense suffering was
also seen In the district during the
early part of winter on account of It's
removal from base OF supplies.
A recent visitor In this great dis
trict had the following to say today:
Cobalt itself is hardly more than
four years old, and yet Its record of
production within this brief period Is
doubtless the most remarkable in the
history OF silver mining Its silver de-
posits are so rich and so exceptionally
profitable, because Of the low cost of
producing, that even during the past
year, covering period when almost
the lowest prices silver has ever
brought have prevailed. the district
has been able to net big returns.
Giant Production.
Here Is a district less than five
years old, which has produced during
that period 35.000.o0O ounces Of silver
of a value approximating $20.000,000,
and with a dividend record OF over
S10.000,000. Take these figures under
consideration, and one can realize, par
italy at least, how important a factor
the Cobalt district is becoming in the
worlds production OF the white metal.
The silver production Of the United
States is only about $40,000.000, and
the total production Of the world is
approximately S112,000.000, therefore.
the Cobalt camp shows a production OF
over per cent of the worlds output,
and it is only as yet in its infancy
The first discovery at Cobalt was
the famous La Rose mine, which last
year produced S.95720 tons of ore, and
which Is now paying dividends at the
rate of 16 per cent per annum with
more than S2,000,000 in values develp.
ed and ready to take out Then there
are the Niplssing mines, which for the
year 1908 produced 7.231.09 tons, and
which are paying dividends at the rate
of 90 per cent per annum, with more
than S1,000,0O0 In values actually un-
covered
Low Production Cost.
"One OF the strongest features OF the
entire Canadian silver situation Is the
low cost at which the material can be
produced and thus show a big profit.
This is due TO the fact that the values
run so high, the deposits are so rich.
and the camp Is favored with excellent
transportation facilities, and further
more, the deposits are easily worked.
Silver OF the dividend paying mines
in Cobalt are producing silver bullion
at IL cents per ounce, including all
costs. and the average cost to all ship.
pers Is under Is cents per ounce.
When II is stated that silver cannot be
produced In any OF the other camps In
the world under 30 cents per ounce.
and that the average Is above 40 cents,
the advantage which Cobalt possesses
is at once made plain.
THE production OF silver in the Co
bait field fer the year 1908 amounted
to 1S,000000 ounces of the value OF
over 100000 This was produced b.
% shipping mines. of which II were
dividend payers. averaging about ii
per cent. This ore is being mined as
deep in places as 400 feet.
Formation Of Cobalt.
The formation in Cobalt is unlike
anything found in the world, with one
exception, Saxony. where silver has
been mined for centuries The veins
have a trend east and west. and are IT.
regular In length, breadth and depth.
The values occur IN narrow veins with
strcaks of wonderful richness, some
of the ore running as high as 5000
ounces in silver To the ton. In num-
erous instances veins are encountered
running 5000 ounces. When 1T is stat
cd that ores running as high as 100
ounces to the ton are considered excel
lent milling orc In Mexico, and in
many portions of the United States,
and that ore i'll this wonderful camp OF
Canada running less than $50 ounces
Is classcd as low grade, one can gain
a fair idea OF the high character OF
The Cobalt deposits
In the Cobalt camp several concen-
trating plants are running SUCCESSFUL
ly, and moro are being constructed.
The result Is that thousands Of tons Of
ore, which formerly went to the dump.
arc now being treated very profitably
A great deal of rock in the side walls
of these rich veins contains silver IN
small particles, which can be concen-