The Caladay Silver Mine - Adjacent Coeur and Caladay Mines Provide Future Mineable Resource for U.S. Silver's Galena Mine -
U.S. Silver's Coeur and Caladay Mines flank the Galena Mine property -
The two mines provide tremendous growth potential for U.S. Silver's Galena mine complex.
The Coeur and Galena Mines are connected underground by rail tunnel at the 3700 foot level, while the Caladay property is connected to the Galena Mine by an underground tunnel at the 4900 foot level.
Both of these levels are used to exhaust ventilation air.
The 3700 level tunnel also allows for the underground movement of lead-silver ore to the operational Coeur Mill.
The Coeur Mine operated until mid-1998, and historically produced some 39 million ounces of silver and 33 million pounds of copper.
The mine has a flotation mill that now processes lead-silver ores from the Galena Mine.
The Caladay Property has extensive surface facilities that are now used primarily to provide ventilation and another escape route in case of emergency to the Galena Mine.
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]
At the Coeur mine property, we are targeting an area of potential mineralization, known as the Deep Coeur target, which is located below previously mined areas. [10]
In the third quarter of 2004 our initial drilling on the Deep Coeur target intersected an extension of the 483 vein in five of eight holes with thin, high-grade silver (0.9 feet at 51.3 ounces of silver per ton) intersected in one hole. [11]
DESCRIPTION: U.S. Silver, through its wholly owned subsidiaries, owns the operating Galena Silver Mine as well as the non-operating Coeur Silver Mines - Caladay Silver Mine -
U.S. Silver controls a land package totaling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District, often referred to as The Silver Valley. [13]
Overview The Company's mining properties are located in Shoshone County, in the "panhandle" of Idaho and along its eastern border with the State of Montana.
The Galena Mine and Mill complex is located about one mile south of US Interstate 90, just west of the town of Wallace, Idaho.
The Company's holdings, which comprise approximately 14,000 acres, are a combination of fee land, patented mining claims, unpatented mining claims, and mining leases.
All of the Company's current production, and near term contemplated production, comes from the Company's 100% controlled patented mining claims.
It should be noted that the Company pays no royalties at present and all production for the next several years will come from patented mining claims.
Thus, even if the U.S. Congress changes the Mining Law of 1872 and imposes a royalty system on mining claims on federal lands, the Company will be unaffected since our producing claims are patented.
Royalty payments based upon net profits or net smelter returns apply to some of the other mining leases owned by the Company.
The Great Dayrock Silver-Lead-Zinc Mine and Mill Complex -
The Dayrock Mine north of Wallace, Idaho (View to the south) well hidden -
This Silver-Lead-Zinc Mine and Mill - operated intermittently from 1924 until 1977, producing 6,500,000 ounces of silver. The old timers got a good sniff of the great treasures - of the Ag-Mother Lode chest below :-) -
In 2007 the mine and mill facility was purchased by
US Silver, which intends to explore for new silver veins -
Just two miles down the road is Dobson Pass where the road on the right leads to Interstate-Callahan Mine (1906-1977).
Back on Nine Mile Road, bear right on Kings Pass Road leading to Murray and stay to the right at all road junctions.
a memo; US Silver Corporation - Quick Facts - Thu Sep 25 2008
U.S. Silver-Idaho, Inc. U.S.Silver Corporation owns and is profitably operating the Galena mine in Northern Idaho.
The mine has been the 2nd largest silver producer in the United States.
Since 1953 the mine has produced over 218 million ounces of silver as well as lead and silver.The mine derives 85% of its income from silver.
U.S. Silver is steadly increasing production and decreasing costs with the objective of producing over 3 million ounces of silver annually.
Current reserves are sufficient for ten years of operation.
Ongoing underground exploration drilling is identifying replacement reserves on a continuing basis.
US Silver Corp. also owns The Coeur Silver Mine and The Caladay Property, which are located near The Galena Silver Mine, as well as
The Dayrock Silver-Lead-Zinc Mine and Mill and certain other great mining properties; The Gem State, The Gold Creek, The Silver Star mining properties etc. -
in a region known for silver, copper, lead, zinc and gold production, near the base of the panhandle of northern Idaho -
in the Great Silver Valley of Coeur d'Alene Mining District, Richest Silver District in USA mining history -
IN GOD WE TRUST - ALL SHOULD PAY IN LEGAL TENDER SILVER -
Silver Producers: A Call to Action By Eric Sprott & David Baker
-- Sprott Asset Management --
As we approach the end of 2011, the silver spot price has admittedly endured a tougher road than we would have expected. And let's be honest - what investment firm on earth has pounded the table on silver harder than we have? After the orchesetrated silver sell-off in May 2011 (please see June 2011 MAAG article entitlted, "Caveat Venditor"), silver promptly rose back to US$40/oz where it consolidated nicely, only to drop back below US$30 within a two week span in late September.1 The September sell-ff was partly due to the market's disappointment over Bernanke's Operation Twist, which sounded interesting but didn't involve any real money printing. Like the May sell-off before it, however, it was also exacerbated by a seemingly needless 21% margin rate hike by the CME on September 23rd, followed by a 20% margin hike by the Shanghai Gold Exchange - the CME's counterpart in China, three days later.
1. Sprott, Eric and Morris, Andrew (June 2011) "Caveat Venditor!". Sprott Asset Management LP. Retrieved from: MORE:
Red 666 pawns clowns only bashing all good GOLD & SILVER MINERS - The super red banksters 666 cults - get all the GOLD & SILVER for peanuts fiats nwo papers the 666 they printing -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
Rothschild World Part 2 "The Deep Dark Secret"
Rothschild World Part 3 "All Enemies both Foreign and Domestic"
The Rothschilds 500 TRILLION DOLLARS.mp4
KHAZAR EMPIRE,ILLUMINATI & THE NEW WORLD ORDER part 1 - Masons -
ONLY A FEW PEOPLE WANT THE USSIF SILVER - that's why the price is bashed down -
...after all bashing and neg. written about Sunshine Ag Mine etc. - - the 666 cult got it picked it all up for their printed paper peanuts -
Fundamentally, the outlook for precious metals has never been better: the crisis seems to be far from over, and a lot of money needs to be printed. This should bode well for precious metals. Also, the fact that we haven't had a "mania" fase in Precious Metals yet (perhaps we had some a little bit taste of it earlier this year :-) with Silver) is also supportive for the PM sector.
history often repeat itself - *<(:-)
However, back in 2008, Public Opinion on Gold was even more bearish, which should not hold us back from concluding that we are at the bottom for Gold - Silver Ag following Au or often goes hand in hand :-) as lovers do :-)
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