New Refining of Silver Plan Approved by United Silver Corp
Vancouver: The Board of Directors of the United Silver Corporation has announced their approval for a new refining of silver plan that will take place over the next four years with the purpose of explore and develop the Crescent Silver Mine. The new refining of silver plan will also explore additional silver resources found on the mine.
The Crescent Silver Mine is located on Idaho’s Silver Belt on the northern side, situation between the Bunker Hill lead, silver, zinc mine and the Sunshine silver mine. This ideal location makes it the second largest silver district on the global map. A 6.3 million USD convertible-debenture will be utilized to fund the first phase of the plan. Another portion of contribution will comes as a joint venture with Gold Finder Explorations Ltd. Moreover, the ongoing costs for silver mining and transporting it to industries for making silver metal products will be generated from the cash flow coming from the refining of silver and milling.
Previously, about 25 million ounces of silver were mined from Crescent mine. Mineral resources have also been identified in the nearby area which is located at a depth of almost 5000 feet below surface. All these resources make refining of silver at the Crescent Mine a profitable option.
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