Wednesday, December 21, 2011 3:56:56 PM
The Caladay Silver Mine -
Adjacent Coeur and Caladay Mines Provide Future
Mineable Resource for U.S. Silver's Galena Mine -
U.S. Silver's Coeur
and Caladay Mines flank
the Galena Mine property -
The two mines provide tremendous growth potential for
U.S. Silver's Galena mine complex.
The Coeur and Galena Mines are connected underground by rail
tunnel at the 3700 foot level, while
the Caladay property is connected to
the Galena Mine by an underground tunnel at
the 4900 foot level.
Both of these levels are used to exhaust ventilation air.
The 3700 level tunnel also allows for the underground movement
of lead-silver ore to the operational Coeur Mill.
The Coeur Mine operated until mid-1998, and historically
produced some 39 million ounces of silver and
33 million pounds of copper.
The mine has a flotation mill that now processes lead-silver
ores from the Galena Mine.
The Caladay Property has extensive surface facilities
that are now used primarily to provide ventilation and
another escape route in case of emergency to
the Galena Mine.
The Company is reviewing available data on the Caladay property. [1]
The Caladay adjoins the producing Galena Mine to the east. [2]
In the early 1980's, a joint venture between Day Mines,
Callahan Mining, and ASARCO spent approximately $32.5 million
(about $80.0 million in 2009 dollars) on the Caladay property
to construct surface facilities, a 5,100 foot deep shaft,
and limited underground workings to explore the property. [3]
There is a significant historical resource in this zone based
on the 94 drill holes which is not currently 43-101 compliant. [4]
This historical drill program was designed to extend the
"Silver Belt" of the Coeur d'Alene District further east by
delineating the down plunge extensions from the Galena mine. [5]
As budgets allow, additional drilling will be done to test
the zone of apparent mineralization. [6]
The Caladay facilities benefit the Galena mine operations through
improved ventilation, possible additional ore and waste
hoisting capacity, and as a potential secondary escape way. [7]
The Company has maintained the hoist and with installation of
new hoist ropes, which have been purchased, the shaft would
be fully functional. [8]
Finding costs of new mineralized material have been $0.13 per
ounce of silver. [9]
At the Coeur mine property, we are targeting an area of potential
mineralization, known as the Deep Coeur target, which is
located below previously mined areas. [10]
In the third quarter of 2004 our initial drilling on the Deep
Coeur target intersected an extension of the 483 vein in five
of eight holes with thin, high-grade silver (0.9 feet at 51.3
ounces of silver per ton) intersected in one hole. [11]
DESCRIPTION: U.S. Silver, through its wholly owned subsidiaries,
owns the operating Galena Silver Mine
as well as the non-operating
Coeur Silver Mines -
Caladay Silver Mine -
U.S. Silver controls a land package totaling approximately
14,000 acres in the heart of the Coeur d'Alene Mining District,
often referred to as
The Silver Valley. [13]
Overview
The Company's mining properties are located in Shoshone County,
in the "panhandle" of Idaho and along its eastern border with
the State of Montana.
The Galena Mine and Mill complex is located about one mile south
of US Interstate 90, just west of the town of Wallace, Idaho.
The Company's holdings, which comprise approximately 14,000 acres,
are a combination of fee land, patented mining claims,
unpatented mining claims, and mining leases.
All of the Company's current production, and near term
contemplated production, comes from the Company's 100%
controlled patented mining claims.
It should be noted that the Company pays no royalties at present
and all production for the next several years will come from
patented mining claims.
Thus, even if the U.S. Congress changes the Mining Law of 1872
and imposes a royalty system on mining claims on federal lands,
the Company will be unaffected since our producing claims are
patented.
Royalty payments based upon net profits or net smelter returns
apply to some of the other mining leases owned by the Company.
The Great Dayrock Silver-Lead-Zinc Mine and Mill Complex -
The Dayrock Mine north of Wallace, Idaho
(View to the south) well hidden -
This Silver-Lead-Zinc Mine and Mill -
operated intermittently from 1924 until 1977,
producing 6,500,000 ounces of silver.
The old timers got a good sniff of the great treasures -
of the Ag-Mother Lode chest below
-
In 2007 the mine and mill facility was purchased by
US Silver,
which intends to explore for new silver veins -
http://wikimapia.org/5448127/Dayrock-Mine
http://wikimapia.org/#lat=47.511621&lon=-115.9000325&z=16&l=0&m=b
Just two miles down the road is Dobson Pass where the road
on the right leads to Interstate-Callahan Mine (1906-1977).
Back on Nine Mile Road, bear right on Kings Pass Road leading
to Murray and stay to the right at all road junctions.
a memo;
US Silver Corporation -
Quick Facts - Thu Sep 25 2008
U.S. Silver-Idaho, Inc. U.S.Silver Corporation owns and is
profitably operating the Galena mine in Northern Idaho.
The mine has been the 2nd largest silver producer in
the United States.
Since 1953 the mine has produced over 218 million ounces of
silver as well as lead and silver.The mine derives 85%
of its income from silver.
U.S. Silver is steadly increasing production and decreasing
costs with the objective of producing over 3 million ounces
of silver annually.
Current reserves are sufficient for ten years of operation.
Ongoing underground exploration drilling is identifying
replacement reserves on a continuing basis.
US Silver Corp. also owns
The Coeur Silver Mine and
The Caladay Property,
which are located near
The Galena Silver Mine,
as well as
The Dayrock Silver-Lead-Zinc Mine and Mill
and certain other great mining properties;
The Gem State,
The Gold Creek,
The Silver Star mining properties etc. -
in a region known for silver, copper, lead, zinc and
gold production, near the base of
the panhandle of northern Idaho -
in the Great Silver Valley of Coeur d'Alene Mining District,
Richest Silver District in USA mining history -
http://www.us-silver.com/Investors/Presentations/default.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69953097
Merry Christmas
God Bless
Adjacent Coeur and Caladay Mines Provide Future
Mineable Resource for U.S. Silver's Galena Mine -
U.S. Silver's Coeur
and Caladay Mines flank
the Galena Mine property -
The two mines provide tremendous growth potential for
U.S. Silver's Galena mine complex.
The Coeur and Galena Mines are connected underground by rail
tunnel at the 3700 foot level, while
the Caladay property is connected to
the Galena Mine by an underground tunnel at
the 4900 foot level.
Both of these levels are used to exhaust ventilation air.
The 3700 level tunnel also allows for the underground movement
of lead-silver ore to the operational Coeur Mill.
The Coeur Mine operated until mid-1998, and historically
produced some 39 million ounces of silver and
33 million pounds of copper.
The mine has a flotation mill that now processes lead-silver
ores from the Galena Mine.
The Caladay Property has extensive surface facilities
that are now used primarily to provide ventilation and
another escape route in case of emergency to
the Galena Mine.
The Company is reviewing available data on the Caladay property. [1]
The Caladay adjoins the producing Galena Mine to the east. [2]
In the early 1980's, a joint venture between Day Mines,
Callahan Mining, and ASARCO spent approximately $32.5 million
(about $80.0 million in 2009 dollars) on the Caladay property
to construct surface facilities, a 5,100 foot deep shaft,
and limited underground workings to explore the property. [3]
There is a significant historical resource in this zone based
on the 94 drill holes which is not currently 43-101 compliant. [4]
This historical drill program was designed to extend the
"Silver Belt" of the Coeur d'Alene District further east by
delineating the down plunge extensions from the Galena mine. [5]
As budgets allow, additional drilling will be done to test
the zone of apparent mineralization. [6]
The Caladay facilities benefit the Galena mine operations through
improved ventilation, possible additional ore and waste
hoisting capacity, and as a potential secondary escape way. [7]
The Company has maintained the hoist and with installation of
new hoist ropes, which have been purchased, the shaft would
be fully functional. [8]
Finding costs of new mineralized material have been $0.13 per
ounce of silver. [9]
At the Coeur mine property, we are targeting an area of potential
mineralization, known as the Deep Coeur target, which is
located below previously mined areas. [10]
In the third quarter of 2004 our initial drilling on the Deep
Coeur target intersected an extension of the 483 vein in five
of eight holes with thin, high-grade silver (0.9 feet at 51.3
ounces of silver per ton) intersected in one hole. [11]
DESCRIPTION: U.S. Silver, through its wholly owned subsidiaries,
owns the operating Galena Silver Mine
as well as the non-operating
Coeur Silver Mines -
Caladay Silver Mine -
U.S. Silver controls a land package totaling approximately
14,000 acres in the heart of the Coeur d'Alene Mining District,
often referred to as
The Silver Valley. [13]
Overview
The Company's mining properties are located in Shoshone County,
in the "panhandle" of Idaho and along its eastern border with
the State of Montana.
The Galena Mine and Mill complex is located about one mile south
of US Interstate 90, just west of the town of Wallace, Idaho.
The Company's holdings, which comprise approximately 14,000 acres,
are a combination of fee land, patented mining claims,
unpatented mining claims, and mining leases.
All of the Company's current production, and near term
contemplated production, comes from the Company's 100%
controlled patented mining claims.
It should be noted that the Company pays no royalties at present
and all production for the next several years will come from
patented mining claims.
Thus, even if the U.S. Congress changes the Mining Law of 1872
and imposes a royalty system on mining claims on federal lands,
the Company will be unaffected since our producing claims are
patented.
Royalty payments based upon net profits or net smelter returns
apply to some of the other mining leases owned by the Company.
The Great Dayrock Silver-Lead-Zinc Mine and Mill Complex -
The Dayrock Mine north of Wallace, Idaho
(View to the south) well hidden -
This Silver-Lead-Zinc Mine and Mill -
operated intermittently from 1924 until 1977,
producing 6,500,000 ounces of silver.
The old timers got a good sniff of the great treasures -
of the Ag-Mother Lode chest below
- In 2007 the mine and mill facility was purchased by
US Silver,
which intends to explore for new silver veins -
http://wikimapia.org/5448127/Dayrock-Mine
http://wikimapia.org/#lat=47.511621&lon=-115.9000325&z=16&l=0&m=b
Just two miles down the road is Dobson Pass where the road
on the right leads to Interstate-Callahan Mine (1906-1977).
Back on Nine Mile Road, bear right on Kings Pass Road leading
to Murray and stay to the right at all road junctions.
a memo;
US Silver Corporation -
Quick Facts - Thu Sep 25 2008
U.S. Silver-Idaho, Inc. U.S.Silver Corporation owns and is
profitably operating the Galena mine in Northern Idaho.
The mine has been the 2nd largest silver producer in
the United States.
Since 1953 the mine has produced over 218 million ounces of
silver as well as lead and silver.The mine derives 85%
of its income from silver.
U.S. Silver is steadly increasing production and decreasing
costs with the objective of producing over 3 million ounces
of silver annually.
Current reserves are sufficient for ten years of operation.
Ongoing underground exploration drilling is identifying
replacement reserves on a continuing basis.
US Silver Corp. also owns
The Coeur Silver Mine and
The Caladay Property,
which are located near
The Galena Silver Mine,
as well as
The Dayrock Silver-Lead-Zinc Mine and Mill
and certain other great mining properties;
The Gem State,
The Gold Creek,
The Silver Star mining properties etc. -
in a region known for silver, copper, lead, zinc and
gold production, near the base of
the panhandle of northern Idaho -
in the Great Silver Valley of Coeur d'Alene Mining District,
Richest Silver District in USA mining history -
http://www.us-silver.com/Investors/Presentations/default.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69953097
Merry Christmas
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
