memo info...
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]
history often repeat itself -
U.S. Silver Announces Results of Ongoing Diamond Drill
Activities at the Galena Mine and Expanded Geological Team
U.S. Silver Corporation (TSX: USA, OTCQX: USSIF, Frankfurt: QE2)
(“US Silver” or “the Company”) is pleased to announce results
from the previously announced exploration diamond drill program
carried out to date in 2012.
Highlights
Results on the previously recognized Caladay lead zone have
confirmed the existence of a broad mineable resource that
appears to support lower cost bulk mining methods.
Efforts to extend the Silver Vein at depth have produced some
very high grade intercepts including
1,434 Ag opt over 1.6 feet and
112.1 Ag opt over 2.8 feet (see below) and
evidence of additional mineralization beyond
current mining levels.
The Silver Vein has been a prolific producer for decades and
the down dip extension of this mineralization is a key target
as deposits elsewhere in
the Silver Valley have demonstrated very high grade at depth.
Dan Hussey has returned to Company as Chief Geologist bringing
decades of experience in the Silver Valley and extensive
experience at the Galena.
http://tmx.quotemedia.com/article.php?newsid=51767554&qm_symbol=USA
2012 Drilling Program Priorities
The results so far in 2012 have defined the direction of the exploration program that we will be pursuing both underground and on surface through the summer drilling months. Specifically the top four priorities are as follows;
1.
Coeur Mine 3,700 Level - Drilling is scheduled for July at the Coeur Mine to test the down dip potential of known veins in the upper parts of the mine.
2.
Caladay Lead Zone - Drilling at the 4,900, 5,200, 5,500 Levels of the Galena Mine will further refine the extent of the Caladay Lead Zone down dip and along strike. Drilling will continue through mid October to define the potential extent of a large bulk mineable deposit.
3.
Surface Exploration Drilling – Drilling at the Coeur d’Alene Mine will begin in mid June to test the strike extension of known vein systems.
4.
Silver Vein - Drilling to test the up-dip and down dip extensions of the Silver Vein at the Galena Mine will continue throughout the year. Drilling will be completed on the 2,400, 3,700, 4,000, and 5,500 levels.
http://tmx.quotemedia.com/article.php?newsid=51767554&qm_symbol=USA
The Coeur Silver & Copper Mine -
btw..note..
Ag Rich Beauty Producer we get re-commissioned
for fiat$6mil
....would cost fiat>$200mil
to develop from grass-root for an exploration company
if they ever would be lucky to
find anything near as rich very unlikely -
The Coeur Silver & Copper Mine -
produced from 1969-1998.
The total production was 39 million ounces of silver
and 33 million pounds of copper from 2.4 million tons of ore.
Average ore grades were 16.6 ounces per ton silver
and 0.72% copper.
USSIF $SILVER Chart P&F TA Alert Bullish Price Objective $58.-/oz
http://www.us-silver.com/
Wallace Silver GO make Lady Ag
God Bless
Recent USA News
- Americas Gold and Silver Corporation Provides Q1-2024 Production Results; Appoints Jim Currie as Chief Operating Officer • Business Wire • 05/01/2024 11:00:00 AM
- Liberty All-Star Equity Fund March 2024 Monthly Update • PR Newswire (US) • 04/12/2024 11:53:00 PM
- Liberty All-Star® Equity Fund Declares Distribution • PR Newswire (US) • 04/08/2024 05:34:00 PM
- Americas Gold and Silver Corporation Reports Full-Year 2023 Results • Business Wire • 03/28/2024 10:13:00 PM
- Americas Gold and Silver Corporation Drills Bonanza Grade at Galena Complex • Business Wire • 03/26/2024 11:00:00 AM
- Liberty All-Star Equity Fund February 2024 Monthly Update • PR Newswire (US) • 03/13/2024 05:22:00 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 03/07/2024 05:36:13 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/28/2024 07:20:10 PM
- Liberty All-Star Equity Fund January 2024 Monthly Update • PR Newswire (US) • 02/13/2024 11:36:00 PM
- Americas Gold and Silver Corporation Provides Q4-2023 and Full Year 2023 Production Results; Update on Galena Exploration • Business Wire • 01/23/2024 12:00:00 PM
- Liberty All-Star Equity Fund December 2023 Monthly Update • PR Newswire (US) • 01/12/2024 11:26:00 PM
- Liberty All-Star® Equity Fund Declares Distribution • PR Newswire (US) • 01/08/2024 05:00:00 PM
- Liberty All-Star Equity Fund November 2023 Monthly Update • PR Newswire (US) • 12/13/2023 06:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/11/2023 07:20:24 PM
- Form N-30B-2 - Periodic and interim reports mailed to shareholders • Edgar (US Regulatory) • 12/04/2023 07:57:06 PM
- Americas Gold and Silver Reports Q3-2023 Results • Business Wire • 11/15/2023 12:00:00 PM
- Liberty All-Star Equity Fund October 2023 Monthly Update • PR Newswire (US) • 11/13/2023 06:16:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/06/2023 08:45:41 PM
- Liberty All-Star® Equity Fund Declares Distribution • PR Newswire (US) • 11/06/2023 05:00:00 PM
- Americas Gold and Silver Corporation Provides Q3-2023 Production Results With an Increase of 17% in Attributable Silver Production • Business Wire • 10/30/2023 11:00:00 AM
- Liberty All-Star Equity Fund September 2023 Monthly Update • PR Newswire (US) • 10/12/2023 11:12:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM