The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-17
MASON VALLEY To
RUSH CONSTRUCTION
William B. Thompson Says
SmeIter Work VIII Not Be
Further Delayed.
BIG COPPER MERGER
WILL GO THROUGH
Copper Man and Capitalist
Talks About Arizona and
Nevada Mines.

The Mason Valley property ana com
oany are In good shape. The money tc
install the smolter and to place the prop
osition on a producing basis has been
secured by means of the bond Issue au-
thorized last Monday. and there Will be
no delay In placing everything in shape
for production" said William b. Thomp-
son, the wcll-known New York and Bos-
ton capitalist and copper man, who ar
rived in Salt Lake Wednesday from a
visit 10 properties In Arizona and Ne
vada MIR. Thompson was accompanied
by Mrs. Thompson and George Il. Gum,
Mr.. Gum. as is well known, being asso-
ciated with Mr. Thompson in copper
mines of the states mentioned
Mr.. Thompson states that notices nave
been mailed 10 stockholders OF the Mason
Valley company, I'm which are contained
Instructions relative to subscribing Tor
the bonds, privilege that will he accord
ed all who arc interested. Each stock
holder is entitled TO $500 bond for each
$685. par value i'll stock owned by MN,
and by paying $3.50 extra for accrued
interest up TO May ?, VIII secure his
bond. Stockholders OF record on April
j will be entitled 10 subscribe, the date
OF payment being May 2.
In addition TO these notices. Mr.. Gums
report on the property has been mailed
arc given as consisting of 100000 tons oil
: TO pcr cent copper orc This report
is dated several months back, since which
time a considerable tonnage In excess OF
this amount has been developed. MIR,
Thompson says that in three places, be-
low the fourth level the ore has been
opened and IL is shown 10 be richer than
any so far developed on the levels above
this. Ore is now demonstrated vertically
for AT least 500 feet, and IL is all straight
smelling rock.
The smelter TO be built as soon as the
work can be done is 10 be custom as
well as company plant, and II will have
a daily capacity of from 800 to 500 tons.
and il Is thought that IL Will be completed
within twelve or fifteen months. Jules
Lcbsrthe the former British Columbia
expert, will be general manager both dur
ing the period of construction and after
completion. Mr., Thompson made II plain
that nothing will interfere with the con-
struction work from now on,
While in Arizona, Mr.. Thompson visit
ed the Inspiration property, In which
there are several million tons OF copper
ore now developed by actual underground
work. while many additional millions OF
tons are indicated by drill operations; II
being the theory OF the management that
no ores should be called blocked until
underground effort had supplemented drill
operations. What Mr.. Thompson calls
the best news ever received from the
mine came yesterday afternoon. and 1T
told OF finding ore 1000 feet west of the
Joe Bush shaft by means OF the drill
The company knows from It's drill opera
Bush shaft To the Miami lines, so 1t is
counted now as certain that the min
eraized zone is 5000 by 500 feet IN eT-
tent, with a very wide area yet TO be
probed by means OF drills and shafts,
New shafts VIII be started at once In the
vicinity OF this latest drill hole.
Enough Is shown said MI Ihompo
son "to justify us in saying we have one |
al the biggest low-grade concentrating
propositions in the country"
Prior 10 reaching Utah. Mr.. Thompson |
md 1fe.l
found everything there in fine condition:
The Nevada Consolidated company, OF
which he is director. is producing 2O0,-
900 pounds Of COPPER daily, which Is at
and if the weather conditions permit the
output cannot fall below this amount
The mill is treating 5000 tons OF ore |
day. and additions are being made to |
the plant which will increase this to 5000 |
tons a day. When asked about the big |
copper merger in which the Utah and
Nevada COPPER mines tsure so prominent
ly Mr.. Thompson said:
"Thc big copper merger is going
through ali right, and I believe 1t will
he perfected yet this year You know
as shown by the merger between the Utah
Copper and the Boston Consolidated. and
between the Nevada Consolidated and
Cumberland Ely. believe that TIE deal
Consolidated was for the best interests
OF every one concerned These two great
mines have the largest developed tonnage
OF copper ore OF any operating mine In
the world and | do not hesitate TO be
quoted to the effect that in time the
Utah Copper stock will be worth and will
sell for more than the Amalgamatcd
There is every Justification for this AS
for the general copper merger, feel that
IL is absolutely necessary TO further the
copper industry, and. as Il consequence, II
will be perfected
Mr. Thompson today will visit the Utah
Copper mine at Bingham.
Metal Market