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Show WALKER TELLS ABOUT THE MAS0X VALLEY Tn his recent copper latter, Gcorgo L. Walker had tho following to sny regarding re-garding the Mason Valley mine of Yerington: Mason Valley, operating at Ycring-'ton. Ycring-'ton. Nevada, is opening up very large bodies of sulphide smelting oro which carries a heavy excess of iron. This character of ore will be of very groat value to the Mason Valley company, and also to other mines operating in the same districL after n smelter 1ms been built there. All of tho othor mines of Yerington aro working on ore which contains' more or loss excess of pilica. The Mason Valley development, therefore, will provide the necessary flux, and make the district independent and capable of supporting a smelting plant of its own. So far the Mason Valley is opened by tunnels, and in this way n depth of ec vera 1 hundred fcot 011 the vein has been reached. Tt lias developed that its ore deposit, which was ori"inally supposed sup-posed to be confined to one stratum of limestone, in places extends out jilong the bedding planes of tho adjacent j limestones, and forms very lartro chambers cham-bers of rich ore. The company's lower crosscut tuuncl was in high grade ore for 'a distance of forty feet; and had it been run fifteen or twenty fcot lower it would have struck the end of ono of the big deposits described and would have gone for 100 feet through solid ore. The deepest ore so far developed in tho mine maintains its valuo very satisfactorily, and the management believes be-lieves that its'orc can be followed down and mined with profit to very great depth. Up to date it is estimnlcd that Mason Valley has practically developed 400.- 1 000 tons of oro, which averages over n , per cent copper and carries $1 in gold and silver values. With a smelter on . the ground this ore would be worth $S to $10 per ton net, or between $3,000.- ! 000 and $4,000,000. As the Mason Val- ley has 770,000 shares of stock outstanding out-standing which is selling around $2.50, 1 a total market valuation of $1,P25,000, it would seem that, there is an excellent speculative possibility in tho stock. The Southern Pacific company has I surveyed a line to Yerington, and an- I Bounces its intention to begin construe- J tion very soon. When work on the road j begins the Blucstono mine, owned by J. ; R. DeLa Mar, will begin the erection of a large concentrating mill, and it is understood that tho Gunn-Thompson in- ' torests. who are the principal holders of Mason' Valley, will consider the erection erec-tion of a smelter. The proximity of tho Yerington district to Goldficld. Tonopah, Kawliide and other important Nevada camps mny lead tho new smelting smelt-ing combination to erect a custom plant at somo point near Yerington, and use Mason Valley and other ores as a bains' for a big copper, gold, silver smelting industry. m When I visited Yonngton a year and a half ago. I examined the Mason Valley Val-ley proporty, and wrote of it as a very promising prospect practically suro to make a mine, and advised tho purchase o tho stock which was then selling around $1.35. Tt has since doublod in value. If developments contimio as favorable fa-vorable as they have in the past year, the stock should again double in valuo very soon. |