| Sunshine / Bismark Project |
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Sunshine / Bismark |
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Country |
USA
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Province |
Idaho |
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Status |
EARLY DISCOVERY
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Mining Trend |
Silver Valley |
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Surface |
0 km² / 75 acres |
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Legends
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| Risk and valuation analysis of the Sunshine / Bismark Project |
| Status Risk : Early discovery |
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| Title(s) of the Sunshine / Bismark Project |
 | Sterling Mining Co.
Leaser: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In 2004, Sterling leased the Chester and Bismark claim groups pursuant to a 25-year lease, renewable for an additional 25 years. The lease, which expires in 2029, requires the annual payment of 50,000 shares of common stock, a $7,200 annual advance royalty
payable in monthly installments, and a 4% Net Smelter Return. There are no work obligations under the lease. |
 | Chester Mining Company
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Under the prior lease, Sunshine Mining & Refining drilled the property to explore the downward extension of the Bismark Vein. |
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| Location of the Sunshine / Bismark Project |
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The Bismark property consists of a 75-acre parcel, adjacent to the Sunshine Mine property and roughly one mile south-southwest of its Jewell Shaft. The Bismark claims were developed by a 1500-foot access drift from the surface and include over 1,000 feet of lateral development along the Bismark Vein
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| Discoveries and Drilling Results | |
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Data last updated on : 8/28/2007
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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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