Chester Mining (CHMN)

[brandemarcus]

Chester update part three :

1. Chester first declared dividends on October 27, 1964 and the 20th and last dividend was in 1970. Hecla at that time owned 52% of the company as it was part operator from the con silver shaft.

2. Sunshine's mine 1999&2000 annual reports talk about depletion of the ore body at west chance and the possible new areas to replace it in the eastern section of the mine. They talk about exploring the eastern part of the 101 vein, Yankee girl vein, and the Chester vein towards the consolidated silver shaft.

3. These were interesting plans, but since the mine was closed by early 2001 one can guess not much of #2 was done. I think for now, all sterling and sunshine silver mines provided to the 43-101 is old Sunshine Mines records where nothing can really be established in resrerves where the Chester nsr applies.

4. Only indication one might get is from the 1999 report talking about the good hope area of 8300 tons at 29 0z per ton. This is total speculation on my part as to whether the Chester nsr applies to the good hope area.

5. I also forgot to note that Chester retains 1.5% nsr on the Idaho cobalt property in addition to the shares in Independence resources.

6. Finally, San Bruno if you talk with Bill you might want to get clarification on apex rights which were decided by agreements made in 1943.