| Sunshine / MERGER Group Project |
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Sunshine / MERGER Group |
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Country |
USA
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Province |
Idaho |
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Close to |
Shoshone |
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Status |
LAND HOLDING
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Mining Trend |
Silver Valley |
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Surface |
2 km² / 388 acres |
Number of claims |
35 |
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Latitude / Longitude |
47 N 29 / 116 W 01 |
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Legends
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| Risk and valuation analysis of the Sunshine / MERGER Group Project |
| Status Risk : Land holding |
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| Title(s) of the Sunshine / MERGER Group Project |
 | Sterling Mining Co.
Leaser: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Merger Mines Corp.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In 2004, Merger leased its claims to Sterling Mining Company on a 25 year lease. The lease requires the payment of 20,000 shares, $2,500 annual (5 years) advance royalty, and a 5% Net Smelter Return. |
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| Location of the Sunshine / MERGER Group Project |
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The Merger claim groups consist of 35 patented lode claims. The northerly section of the property (21 patented claims) is part of
the CAMP project between Coeur d’Alene Mines Corporation, Plainview, and Merger, leased to Silver Valley Resources, Inc more...
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| History of the Sunshine / MERGER Group Project |
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The Merger Group has received little exploration work, even though numerous mineralized structures strike onto the Merger ground from the ConSil property. Results of preliminary exploration geophysics performed during 2005 indicate that there may be near surface mineralization associated with structures that warrant further analysis and work to define.
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| Geology of the Sunshine / MERGER Group Project |
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Geology of the Merger group is similar to that of the Silver Summit (ConSil) portion of the Sunshine Mine. However, influences by the Fort Wayne and Mineral Point faults and the intersection of the Polaris fault with the Chester fault are poorly understood and present excellent areas for future exploration.
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Data last updated on : 9/17/2007
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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