Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-15
MARVELLOUS RECORD
OF COBALT MINES
Ten Millions in Dividends from
Country Less Than Five
Years Old.
LOW COST OF PRODUCTION,
Can Produce silver Bullion at seven
And a Hair Cents an Ouncc-
Othcr Facts aud Figures.

Much has boon said in the oas' Of
| tho marvellous richness cf Canada ID
| trcasur, house and the vast stores OF
| metal that are 90 be found in the
Province ~ ontario. Canada, in tho
Cobalt district, but the west has paid
but little attention % these marvellous
tales. Yet it is believed the time Is
hut n short distance on when This
creat area win show greater things IN
the silver world than any other. To t'e
west of that great mining field lles
Gowzanda. Montreal river, ana "'lNi
districts where remarkable surface dla-
coveries have been made. Wnich pro
mice to rladdcn the miners heart Win
gnodly quantities OF the White metal
six months ago Gowganda was UNI
heard Of and little was known OF ln'
Montreal River district yet To-Day lleto
arc many hundreds Of proSprctoI7 -h
mo 0oId and the district ls fast n-lne
dcvcIoucd into q place Of magnitude lh
tho silver world. This has beeh conc
during the severe cold OF winter "'W
the ice is breaking in that district gnu
there is "A wild scramble 90 place H'N-
chincrv there before the snow is solt'
Intense suffering was also seen IN tll'
district during the early part OF Wi"-
ter on account OF its removal nom
base OF supplies. ,t.
trict had the following 90 say TO-DAY,
Cobalt itself is hardly more than
four wears old and yet lis record or
production within this brief period l9
doubtless the most Iemarhahie In NV
history of silver mining. It's SILVER u,
..#H
profitable because or the low cos ".
producing. that even during the paSt
year covering a period when almost
fbe lowest prices silver has ever
brought have prevailed. the district
has been able 10 net bag returns
GIANT Production.
"Bere IL a district less than i've
wears old. which has produced during
that period 100000 ounces OF sil-
YER OF "a value GpproNimating w.
5000 600. and with a dividend IeCoIu
az over $40. 900. 600. Take these IisuleS
,trdar consideration. and one can
realize partially a. iess', ,i hpT ~ he
ant n factor the Cobalt district i7 NC
coming in tho worlds production OF
no white metal The silver produc-
ti,, of tho United states is only ABOUT
10000, 600. and the total prouu.Iloo
az The world Is Approximately HIl-,-
00O, 900. therefore, the conan -" .lr-
shUws q production OF over ~
cont ~ the worlds output. ana ID is
only as vet Ia it, infancy. ,,. 1900
'rrhp FIRST discovery at Cobalt was
che FAMOUS In Rose mine Which last
wear produced S.95720 tons OF orc.
and which is now paying divdcnus az
INC rate of Is per cent per annum
C,itl, moro than 81. 900. 600 in values
deycloped and ready 60 take out. lheh
tbere are the NipissuR mines, Wnlch
10, the wear 1905 produced i-5l.uS
tons. and which are paying diNluehua
af The ratio Of 20 per cent per anhuIn'
with more than $l,Ooo'0oO IN N"'u'9
actually uncovered.
LOW PRODUCTION COST.
some of the strongest features OF the
eutiro Canadian silver situation IL the
low cost AT which tho metal can DC
r,,d,cad and thus show "a big proht.
Tbis is due TO the fact that the values
nun 90 high the deposits are 80 llaIl
and the camp Is favored with eAceIl- NJ
transportation facilities, and further-
more. the deposits arc easily worked
several OF the dividend paying mines
ian Cobalt are producing silver bullion
al ~ cents per ounce, including All
cnats and the average cost U an SNIP
pers b. under 10 cents per ounce. Nheh
IL b. stated that silver cannot be pro-
d,lcsd I'm any Of the other camps IN me
world under 90 cents per ounce ana
tbr+ the average is above 80 cents tna
advantage which Cobalt possesses is
at once made plain
.rrbc production az silver iu the CO.
halt field Tor the year 1908 amounted
tp 1900 600 ounces % the value or
over $4,000 000 This was produced Dy
~ shipping mines, of which u "er.
diyilond payers, averaging about u
prr cont This orc BE- being inlntu %
deep Ia places as 90" Feet
FORMATION OF COBALT.
Tho formation go Cobalt is unlike
anything found in the world win ono
| execution SaN0uy. where silver mas
begu mined for centuries. The veins
have a. trend cast ana vc7t ANA are lr-
/ regular iu length. breadth and depth.
/ The values ogsur ln narrow veins
with stroaks of wonderful richness,
/ some OF the ore running as high IA
1 5000 ounces in silver 90 the ton. ln
/ numerous instances veins are eSr1uut-
! cred running 5000 ounces. When IL is
Z stated that orca running a9 high as 100
! ounces Co the ton are considered excel
Z lent milling ore Boa Mexico. and Iu
I many portions of the United States.
[ and that ore iu this Won1erfII camp OF
/ Canada running less than $50 ounces
I iF classnd ss love- grade. one can gain
/ fair idea of the high character of
| tho Cobalt dep0sits
boo tn" Cobalt camp several C1no0u-
B tr1tug plants tfC running suU..sssful-
lE auI mor aro being constructed.
. Tho raaul, Dr. that thousands of tons NJ
/ ore, which formerly went Goo t1o dump.