April 10, 2006
Mascot Mines Logging to Finance Drilling and Other Projects
Mascot Mines, Inc. (Pink Sheets:MSLM) will be concluding logging operations on its patented mining claims in the Denver Creek area southeast of Pinehurst, Idaho. The logging commenced in the late summer of 2005 and will be concluded in May or June, 2006. Selective logging done by Miller Logging of Pinehurst has netted approximately $60,000.00 for Mascot Mines. The Board of Directors of Mascot Mines is pleased with its position as a "responsible steward of the lands" in its approach to the management of surface resources on Mascot properties.
Selective logging practices has maintained and not disturbed new growth that resulted from careful logging and reseeding accomplished in the mid 1990's, when the property was last logged. Existing roads and skid trails were used and surface disturbance was kept to a minimum during the current operations.
The proceeds of the logging operations will now be used to finance drilling operations on the Denver Creek patented claims and to begin preliminary work on other projects being considered.
U.S. Bureau of Mines exploration drilling and surface trenching and sampling in the 1940's in and around the Little Pittsburg mine had intercepts and samples with anomalous gold values. Mascot Mines plans to diamond drill from the surface to verify the USBM data and add information to our knowledge of the area. The gold intercepts and samples are believed to be in stratigraphy similar to that found in the Prichard-Murray areas of Shoshone County.
In other news, Mascot Mines, Inc. announces the retirement of longtime Secretary-Treasurer and past-Director Ronald Eggart. Mr. Eggart was one of the original founders of Mascot Mines in the early 1950's. Ron, a well known CPA in the Silver Valley, has been the chief bookkeeper for Mascot Mines and other organizations for many years. One of his favorite sayings is "I've been married to Mascot Mines longer than to my wife." Mr. Eggart's advice will continue to be sought and valued.
Kimberly Samuelson was appointed by the Board of Directors to fill the vacancy left by Ron Eggart's retirement. Ms. Samuelson has significant bookkeeping and business experience in the Silver Valley with Silvertip NAPA stores and other civic organizations.
Mascot Mines, Inc.
Joseph Wallace, 208-784-1103 or 208-512-0560 (cell)