IC 8370 Study Of The Silver Potential, Creede District, Mineral County, Colo.

This report describes work done in the Creede Mining district, Mineral County, Colo., in 1965-66 as a part of a Bureau of Mines study of the silver production potential of the United States. The ruining history of the district is briefly covered, and representative former and current mining operations are described. Mining and milling costs of the Emperius Mining Company's operation are given in some detail as being representative of the cost of mining typical Creede ore bodies under current technology. An estimate of the silver reserves and resources of the district is presented, subject to many uncertainties stemming from inaccessibility of old workings, lack of mining records, and low level exploration activity, all of which limit the opportunity to accurately evaluate ore potential. The report concludes with an analysis of future silver production trends in the Creede district. An increase of silver production to as much as I million ounces yearly is projected, possibly starting in 1969. As long as ore bodies in the zone of enrichment, in which silver is a major constituent, contribute a substantial part of Creede production, silver price will affect overall production rates appreciably. As the richer are bodies become depleted, an increasing portion of production again will be coming from primary sulfide ores in which silver is a byproduct of lead and zinc. When this occurs, the level of silver production will be governed chiefly by lead and zinc production and prices and can be expected to decline to the 1960-66 level, which amounts to an average of 240,000 ounces per year.