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Ch. 1: Gold and Silver in 1905

Ch. 1: Gold and Silver in 1905 Page of 64 Ch. 1: Gold and Silver in 1905 Text size:minus plus Restore normal size   Mail page  Print this page
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MTNERAL RESOU'RCES.
in the South, in New Mexico, and in California. There are other items, however. which may easily escape the collector of statistics by this method and which may result, for instance, from retreatment of slags or of old metallurgical by-products. The gold from stolen ore in rich camps, such as Cripple Creek, Goldfield, and Grass Valley, which is believed by many to make a considerable sum in the aggregate, is collected by small assay offices and naturally is not represented in these tables of individual returns.
Further errors may arise through mistakes in the replies, a common one being the returning of the net smelter returns instead of the gross amount. Willful misstate­ments have been traced in the returns from a few small mines, but are very rare.
When the metals are obtained as placer gold or from the mills at the mines little difficulty is encountered. The case is somewhat different with regard to custom-smelting ores, where the miner has no way of measuring the bullion actually extracted except by the assay. The loss of gold in lead smelting is extremely small, and the figures used are the ounces calculated from the assay; but in the case of silver the loss is commonly estimated at 5 per cent by the smelters, which rate probably leaves them a safe margin. It has been noted that most frequently when ounces are given in the replies the amounts corresponds to 95 per cent of the assay value, and thus the returns should correspond closely with the direct smelter returns for silver obtained by the Bureau of the Mint.
Ordinarily gold is not paid for in ores when below five one-hundredths part of an ounce, but this in the aggregate amounts to a fairly large sum. As examples may be cited some of the Leadville lead ores, for which a separate estimate had to be given, and also some of the lead concentrates from northern Idaho. The small amount of gold in electrolytically refined copper is usually correctly obtained from the producing mining companies.
Silver is not as a rule paid for unless it runs above 2 ounces per ton, but as the ores treated in custom smelters rarely contain less than this quantity, there is very little from this source W'hich escapes this method of collecting statistics. As an example may be cited the small quantity of silver in the Cripple Creek smelting ores, for which a separate estimate had to be made. The low silver values contained in cer­tain copper ores are, like the gold, recovered by the electrolytic method and are directly reported by the mining companies.
Summing up the comparative merits of the "mines report" method and the "smelter and refinery " method, one notes that the first is dependent upon a com­plete mine list and upon accurate returns from the mines, while the latter is dependent upon the accuracy of the data from the smelters. The smelter records are, however, not kept for the purpose of compiling statistics for the whole country, so that in reference to special districts wholly technical and, from point of view of the reduction works, unavoidable errors may easily be introduced. Moreover, there is the very important matter of the "stock on hand," which is almost sure to make the smelter returns differ from the mines report. The miner in his answer includes all smelter and mint returns which have been received up to the last day of Decem­ber, while the smelter reports only the bullion which has been turned out up to that date. In individual cases important differences between State and county reports received by these two methods have been actually traced to this factor. Special efforts will be made in future reports by the Geological Survey, in cooperation with the Bureau of the Mint, to account strictly for the discrepancies which may be found.
In the West, gold and silver are so intimately connected with copper, lead, and zinc that it was found desirable to include the latter in the queries addressed to the mines. Here increased difficulties are met, especially in States with extensive cus­tom smelting, like Colorado. Greater losses must be counted on in smelting these metals than in the case of gold and silver. Lead is only paid for in the ores when it runs over 5 per cent., except in special cases of large contracts. Consequently a
Ch. 1: Gold and Silver in 1905 Page of 64 Ch. 1: Gold and Silver in 1905
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US Geol. Surv. 1905. Gemstones, Metals.
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