| Sunshine / Metropolitan Project |
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Sunshine / Metropolitan |
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Country |
USA
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Province |
Idaho |
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Close to |
Osburn |
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Status |
MINE DEVELOPMENT
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Mining Trend |
Silver Valley |
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Surface |
4 km² / 1,021 acres |
Number of claims |
67 |
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Latitude / Longitude |
47 N 29 / 116 W 03 |
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Legends
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| Risk and valuation analysis of the Sunshine / Metropolitan Project |
| Status Risk : Mine development |
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| Title(s) of the Sunshine / Metropolitan 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 entered into an agreement pertaining to the Metropolitan claim groups, which expires when cancelled. The agreement provided for the issuance to the Company of 200,000 shares of the stock in the owner of the Metropolitan claim groups and an annual advance royalty payment by the Company to the lessor of $12,000. |
 | Metropolitan Mines Corp
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The 25-year lease with Sterling lease requires the payment of 200,000 shares to Sterling, and $12,000 annual advance royalty by Sterling to Metropolitan. |
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| Location of the Sunshine / Metropolitan Project |
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The Metropolitan property, on the south limb of the Big Creek Anticline in south dipping rocks of the lower Wallace Formation, covers the Big Creek Fault Zone separating rocks of the Wallace and St. Regis Formations to the north and rocks of the Revett Formation to the south.
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| History of the Sunshine / Metropolitan Project |
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The property covers numerous mine workings and prospects. The Metropolitan Mine (the most substantial mine on the property) developed on two mineralized structures: the North and South veins, characterized by zones (2-3 ft in width) of a quartz-sider more...
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| Geology of the Sunshine / Metropolitan Project |
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The original Metropolitan Mine is located on the south limb of the Big Creek Anticline, in the south dipping rocks of the lower Wallace Formation, and contained two vein systems named North and South (or 400 No. 4) veins.
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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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