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Established in 1969 as a silver exploration, development and production company, Shoshone Silver/Gold is located in Coeur d' Alene, Idaho. Shoshone operated its Lakeview District mines and Lakeview mill in northern Idaho successfully producing silver, gold, and base metals for much of the decade that followed.
With the decline of silver and other metal prices in the 1980's, Shoshone began to focus on acquiring new properties and diversifying its interests while still developing its Lakeview properties. During this period of time the Company remained viable when many other mining companies had to close their doors. Shoshone increased its inventory of mining equipment for the future and kept its corporate debt level to a minimum.
In April of 2010, Shoshone regained the status of being a production company once more. Shoshone signed a contract with Teck Metals, LTD in Trail, British Columbia to process the silver concentrates being produced by Shoshone's Lakeview, Idaho mill. The first shipment of silver concentrates was shipped up to Trail on April 15, 2010 for smelting.
In 2009 the Company acquired Kimberly Gold Mines, Inc. and its exceptional portfolio of gold properties in central Idaho and central Washington. After the addition of the Kimberly gold properties to Shoshone's existing gold properties the Company changed its name from Shoshone Silver Mining Company to Shoshone Silver/Gold Mining Company. In late 2009 Shoshone leased 35 patented mining claims known as the "Camp Project" claims from Merger Mines Corporation. These claims are located in the heart of Idaho's famous "Silver Valley".
Shoshone is a company with an impressive portfolio of properties
including approximately 2,992 acres (1,211 hectares) in its "Silver Division",
approximately 2,125 acres (896 hectares) in its "Gold Division", and
approximately 200 acres (80 hectares) of "Potential Platinum" properties.
Shoshone has two operational ore processing mills, one for silver and one
for gold, minimal corporate debt, a large inventory of mining equipment
owned by the company, and top management with over 106 years of mining
industry experience.
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Corporate Website:
http://www.shoshonesilvermining.com
Share Structure
| Market Value1 | $7,939,006 | a/o Jan 04, 2012 |
| Shares Outstanding | 52,926,704 | a/o Dec 13, 2011 |
| Float | Not Available | |
42,659,037 Outstanding as of August 4, 2010
200,000,000 Authorized as of May 28, 2009
Plan of Operation
In April of 2010, Shoshone regained the status of being a production company once more. Shoshone signed a contract with Teck Metals, LTD in Trail, British Columbia to process the silver concentrates being produced by Shoshone's Lakeview, Idaho mill. The first shipment of silver concentrates was shipped up to Trail on April 15, 2010 for smelting.
On March 12, 2009, we acquired certain assets from Kimberly Gold Mines, Inc. ("Kimberly") in a transaction where the Company issued 12,145,306 shares of common stock and other consideration in exchange for 100% of Kimberly's common stock. Included in this acquisition were 127 unpatented mining claims located primarily in Idaho and Washington as well as a mill in need of refurbishing and various pieces of equipment.
Work at the Rescue Mine will resume on June 1, 2010. The first priority is to finish upgrading and renovating the mill. Once the mill work is completed, the mill will be started up and test runs on stockpiled ore will be conducted. The 200 level portal is scheduled to be reopened so that mine development can resume. This work will require some ground support, general clean up, the installation of a refuge station and the addition of air and water lines. A new decline portal has been planned to access the Rescue vein 1,000 feet east of the mill. Road work, site preparation and collaring off for the new decline portal should be accomplished this summer. This new decline portal will provide access to unmined portions of the Rescue vein and, when completed, will serve as the secondary escape-way from the mine as well as the exhaust ventilation drift for the mine ventilation system.
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DISCLAIMER
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information|
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