The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-28
He GIVES ACCOUNT
OF MASON VALLEY
F. A. FIindt Tells What May Be
Expected From New
Producer.

The most comprehensive and complete
statement of the affairs of the Mason
Valley Mines company yet to appear Is
that given to the Boston News Bureau
by Fred A. Flindt, field engineer ior the
Gum Thompson interests soon S1tSI
his arrival in the east, Mr. tllndt IN
an interview said that official state
ments concerning Mason valley re-
sources had been ultra cOnSeTNdtlfS .
and that he regarded it as a great
mistake to undervalue a mine as to
exaggerate its assured earning power.
That view OF the situation eNclted not
a little interest in mining ana IlnancIaI
circles and Mr. ElindI was calIeu upon
for complete statement OF the Mason
Valley situation In response to that
call he said:
The Mason NaIIey properly IN
prises 40 acres of patented gFoul q.
The ore occurs in assures in the lime
and consists of chalcoclte ana chaIco-
I,yrlte carrying sufficient iron to make
an ideal direct smelling proposition.
The ore bodies are from 25 10 100 feet
wide.
"The mine has been opened to a
depth of $50 feet and 1000 feet on the
strike. The management is at present
putting up raises from the third and
fourth levels and opening slopes pre-
paratOry to production.
81 figure that at the present time we
have fully 100000 tons of ore blocked
out above the fourth level, which con-
tains from 4 per cent 10 . per cent
copper Three wines nave been sunk
to a depth of As feet below the fourth
level all of which are in ore running
from per cent to s per cent "copper"
so that we have assurances that our
ore goes to much greater depth.
To Treat Custom Ores.
1.-THE Mason Valley company is con-
structing a smelter at WaubuSka haV-
ing capacity Of 500 tons OF ore a day.
The smelter will do a general custom
business in conjunction with handling
anticipates treating 500 tons a day
from Mason Valley at the start, thus
allowing the handling of 500 tons
day of custom ore There are num-
Der Of mines within a radius of so miles
from the smelter which have small ton
nageS in sight, and which can be Oper-
ated at a profit when this Smelter is
completed. These properties have not
been able to operate prOfitably in the
past on account of the excessive freight
charge, being compelled to send their
ore to Salt Lake or San Francisco smell
tiers at freight charge of Sc a ton or
more
The Mason Valley smelter has al
ready entered into a contract with the
Nevada Douglas Copper company fOr
the reduction Of 250 600 tons Of ore.
10000 tons of which are to be delivered
each month, and several other COM
panies are endeavoring to secure con-
tracts. Consequently I anticipate that
the smelter viii be able to run at full
capacity almost from the start.
"A railroad has been completed from
the Smelter site at WaubuSka to the
Mason Valley mine, a distance of 16
miles, and the company has contracted
for the transportation of the ores from
mine to smelter. The railroad is owned
and operated by the Nevada Douglas
Copper company and will be completed
TO their mine within the four months.
I feel confident that the smeiter
Will be good money maker regardless
OF the mine. and that its earnings alone
viii be sufficient to pay liberal inter
Mason Valley Copper company.
VIII Produce CheapIy.
Taking all mining and smelling con-
d1ttOnS-Whlch are extremely faVOra Bile
into consideration, 1 anticipate that
the company will produce copper at u
cents pound. and allowing that there
Is a recovery of so pounds a ton the
stock Is given an intrinsic value on 13-
cent copper, Of S17.5d a share on $4,000
shares-assuming the bonds converted
THE 100000 tons of ore in sight
per and on this copper there should be
profit on 13-cent copper Of So cents
a pound. or S44O0,OOe.
Allowing that the smelter will han
ole 10000 tons a month from the Mason
Valley mine, yielding so pounds Of cop
per ton, the company should have a
product of 100000 pounds a month
should yield profit OF S44, 600 r1onth,
which, added TO the profit from smelt-
ing custom ores, should make prob
able earnings Of from $3.50 to SO a
share per annum. The company is
fully financed to production"
Mason Valley has I54, 600 shares is
sued and 100000 6 per cent bonds
convertible at $40