Some great potential here. Proven properties from past with potentially vast resources. This one still flying way under the radar with gold and silver prices the wat they are today and with where they are headed.
The Little Pittsburgh Mine
The Little Pittsburgh property was located in the spring of 1883 by George Augustus Smith. Though several owners afterwards mined and milled small quantities of ore, it was not until the beginning of World War II that profitable operations really got underway.
Between 1941 and 1953, Little Pittsburgh yielded up more than 300,000 tons of ore, including 15 million pounds of lead, 40 million pounds of zinc, and 350 thousand ounces of silver. Gold was also recovered in small quantities, and by the time Little Pittsburgh Mill shut down in 1953 due to low metal prices, it had processed over $5 million in ore.
Though the Little Pittsburgh remains closed at the present time, it is by no means played out. There are an estimated 30,000 tons of ore resource left, grading 3% lead, 7% zinc, and more than 1 opt silver, with significant potential for exploration.
Our ore is mainly a sphalerite which occurs in masses or in bands separated by quartz. The ratio of lead to zinc is about 3 to 7, and for each percentage point of lead, there is a half ounce or more silver per ton. The higher grade ore runs up to 5 ounces of silver per ton.
In recent decades, several companies have held leases on the Mascot Properties, including Sunshine, who discovered a 57,000 ton resource (partially mined in the 1970s), and Cominco American, who later evaluated a Sullivan-type orebody on Mascot's and the neighboring properties.
Mascot Silver Lead controls more than 250 acres surrounding the Little Pittsburgh Mine, in the Coeur d'Alene Mining District in Idaho's famous "Silver Valley". The Valley has produced more than 90 mines since its discovery in the late 1800s, and has yielded up an estimated $5 billion in metals since then.
The CDA District is the home of America's largest underground mine, the Bunker Hill, whose property line is less than a mile from Mascot's property. Further down the Valley are the Sunshine, the Coeur, the Galena, and Hecla's Lucky Friday, where recent discoveries have put to rest the idea that the Valley is played out.
Mascot Silver-Lead believes in the potential of our property to host sizeable strataform base metal deposits. With the end of the Superfund liability suit in sight, we intend to explore this potential and should conditions warrant, return the Little Pittsburgh to profitable production.
AI
