The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-14
COPPER MINES
DEAL IS CLOSED
Salt Lake Operators Land the
Dyer Properties in Mason
Valley DeStFict.
COUNTRY READY TO BOOM
UTAH MINE COMPANY IN
cREASEs DIVIDEND RATE.

One Of the most important deals con-
summated i'm this city for Nevada prop
erty was closed up yesterday when
Fred A. Flindt. who held the option.
contaminated the sale of the Dyer cop
per property, comprising some 100 acres
OF rich mineral ground. to a syndicate
composed Of G. f. Loose, the big Tintic
operator; ID. II. Peery and others.
substantial cash payment was made
on the deal when Mr.. Loose was az
camp conducting an examination of the
ground a few days ago All of tho dc.
tails Of the transaction were arranged
I'm this city yesterday. Mr. FIindt hav-
ing come over from Yerington for the
purpose. The deeds will go into es-
crow at once in one OF the San Fran
cisco banks and the transaction will
be fully rounded out. it is understood,
during the next ninety days
The Dyer property is located at no
great distance from the Nevada Doug
las company's bonanza and surface
conditions and the character OF the ores
exposed are said TO be identical Mr.
Flindt declares that the Dyer is de-
stined TO prove the peer of the best
mines of the phenOmenally rich copper
region and Mr.. Loose was not long in
deciding whether the ground should
be purchased after completing his ex-
animation of il.
Nevada-DougIas Bonanza.
Concerning conditions in the. Mason
valley country generally Mr.. Flindt
stated that. while matters were quiet
at present. the foundations for one of
the biggest booms ever sprung I'm Il
copper region in this country were be-
ing laid. The magnitude of the Ne
vada-Douglas co1npanys proposition.
he says, can only be fully appreciated
by seeing the mines Acres of copper
ore that viii run anywhere from 21a to
10 per cent copper have been proven up
and he looks TO see that character of
ore mined with steam shovels
and poured into the company's own
smelling works within two years. A
railroad branch to the property is al
ready assured and the company has Sc
cured one of the best water powers in
that region. Mr.. Flindt does not be-
lieve there is another prospect in the
country TO excel it i'm possibilities.
Mason Valleys Riches.
Mr.. Flindt states that the spragg
property of the Mason Valley Copper
company is developing in a manner
that is bordering on the sensational and
that it viii be heard from this fall goes
without saying. The new tunnel has
attained p length OF $50 feet and. while
the face is yet fifty feet from the great
ore bodies exposed in the incline
workings above. il is now literally laced
up with heavy streaks Of copper py-
rites which indicate that the ore bodies
there viii be larger. If anything. than
they were above in the oxide and car
Donate zone. The incline was sunk
l05 feet. AT that depth the ledge was
crosscut for rs feet through ore that
will average better than per cent
copper. The tunnel cuts under these
workings 10 feet and Mr.. Flindt is
positive that one of the biggest and
best bodies Of copper ore I'm that sec
ton will result from the developments
on the tunnel level George r. Gum
has the call on this proTe rty and upon
his recent visit to the mine he was ex-
ceedingly pleased with the way il was
looking, though the chalcopyrites had
not then appeared I'm the face OF the
tunnel
Some of the Others.
In the Mcconnell property adjoining,
the property recently acquired by Will
lard T. Snyder and his associates, the
sulphide zone has been reached and
Mr. Flindt says the property is looking
fine.
The Yerington Copper company is
mining ore that runs all the way from
to 80 per cent copper and a shipment
that is calculated 10 approximate 10
per cent copper will be sent out during
the next few days. There is something
brewing in this property. but if Mr..
Flindt knew anything about il he kept
his own counsel.
At the Wheeler conpany's gold prop
erty Joseph e. Caine Mr.. Flindt says.
Is getting things in fine shape. Ma
terials for the new mill are now arriv-
ing and it will not be long till the plant