The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-22
GOLD AND SILVER
OUTLOOK BRIGHT
Returning Nerve to Men With
Money VIII Help Open
New Bonanza.
UTAH AND NEVADA
BARELY SCRATCHED
Rivals for GoIdfeld and Cripple
Creek Will Be Found
Sure.

Judging from the disinclination OF local
men OF means To assist in the develop
,ncnt OF new properties. the conviction
must be either that II is the better policy
TO hold 10 all the money possible these
rather tight financial times, or that the
mining game has lost It's attracliNeness
and is no longer worthy of financial and
moral support. The latter premise cannot
be accepted at all by any one; no one
feels so pessimsiically In these columns
the situation has been handled before
and The difficulty of raising money for
opening new mines laid at the door oil
temporary mental timidity.
The Mining World recently had an edi-
torial somewhat along these lines, OF
which the following excerpts are taken
THE Rocky mountains and Sierra Nc
vadas have been but barely scratched.
New districts no doubt will be discoV-
cred in the next ten years that will rival
Cripple Creek and Goldficld. This Is a
matter OF opinion of course, but tnete Is
another field which Is an important FAC
Ior a bout which only one opinion can De
held We allude TO the enormous masses
OF w-grsde complex ores carrying Soid
and silver values that exist In nearly
every old mining camp in tho west
cial processes for the extraction OF the
values This is one of the most import
AMI problems before the scientific men
of the world today, and the urgency OF
the demand is bound to bring solution
cf the problem, for science has never yet
failed TO meet the requirements oil COM
merce. When these processes arc FUR
nished the miner, then the old mining
camps will add many millions TO their
annual production OF gold and silver.
III has often been said that the mines
are becoming poorer with depth. While
this statement is true in some particu-
: lars, yet like most general rules IT has
its exceptions and notifications. In
many districts the ores have merely
changed in character. but still have an
intrinsic value equal to the surface ores,
For example, the average grade of the
surface ores of I.esdvillc could not have
been much over s55 ton between the
years 1880 and 1925. Today in the lower
levels of that district there are enormous
tonnaEcs of ore which. when one consid
crs all values. will have an ASSAY Value
of from s35 10 $40 II is true that the
precious metal content is very much low
or, hu; other metals have taken their
place
In relation to the discovery OF now
gold and silver districts. II is certain that
the next few years will witness great dis
coveries In the west. Idaho. Montana and
oregon have tremendous reserves Of gold
and silver ores simply awaiting capital
ard metallurgical skill However, there
arc certain regions winch owing 10 the
activity OF the proSpeclor. bid fair TO open
up neW and possibly bonanza districts at
IN early date. Particular reference is
Trade to eastern Nevada, along the state
lirc separating II from Utah, eastern and
western hanks OF the Colorado river and
1aSfN. the really wonderful discoveries
made In The La Plata district Of south
western Colorado.
So: instead Of the outlook for the pro-
drntion nf precious metals being discour-
aging there is no period within The last
ten years when II was more encouraging
than AT This time. II the same energy
were displayed in he opening up Of gold
Tnd silver ores which is displa we'd In the
,"ining ~ copper. the gold production OF
this country would he nearly doubled and
an output Of al least Sl5n, noe. 0o0 per an
mum could be maintained for many wears
to come. In order that these possibilities
can he realized. however. there can be nc
question but what the business methods
~ gold mining companies must be en-
iirely reorsanized.