U.S. Silver’s 2012 Exploration Program Delivers Exciting Results

on Jun 22, 2012

In a company press release, U.S. Silver updated information on its core drilling program – the company’s operations at Lake Gulch, aimed to extend the silver vein to deeper levels. According to the release the core drilling has been quite successful and has managed to discover more than a few very potent silver veins, including a 1.6 feet wide ore vein containing 1,434 ounces of silver per ton, and a 2.8 wide vein grading 112 ounces. In comparison, the amount of silver in commercial ore in the Silver Valley is typically 25 ounces per ton. U.S. Silver is convinced that mineralization goes deeper than the current levels of mining.

“The silver vein has been a prolific producer for decades,” the company said. “The down dip extension of this mineralization is a key target as deposits elsewhere in the Silver Valley have demonstrated very high grade at depth.”
The company’s 2012 exploration program was a thriving success as core drilling enabled the discovery of several potent silver veins.

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!m[](/uploads/story/165/thumbs/pic_1_inline.png)The press release said that one major goal of the exploration program was to define the potential of the Caladay Lead Zone at depth, between the 4000 and 4900 levels of the Galena Mine in particular. Drilling at 4000 level has confirmed that there is a broad 160 feet wide mineralized zone that averages 2.75 ounces of silver per ton and 3.52 percent lead. Part of it consists of high grading sub zones 7 to 20 feet wide which have up to 113 ounces of silver per ton and a high percentage of lead that’s up to 18 percent.

Deeper exploration of the Caladay Lead Zone included drilling below 4900 and up to the 5500 level. At 5200 a 10.4 feet wide vein was discovered grading 62 ounces per ton.
But the show was stolen by the 1,434 ounces of silver per ton vein, which was discovered between 4900 and 5500 levels at Galenda mine. Amongst the other highlights was another 36 ounces vein, discovered at the same mining levels of Galenda.

As expected, these encouraging results left U.S. Silver’s leadership pleased, as they prove that there is still a lot of potential in the Silver Valley for the company and that further expansion of their current mines and fields is entirely possible. The company’s Chief Executive Officer and Executive Chairman Gordon Pridham commented on the subject:

“The results have confirmed and expanded expected mineralization that will lead to development plans and also identified new areas of mineralization for further investigation.”
So, it appears the company has no plans of leaving North Idaho any time soon and will continue to explore and develop its projects in “the historically prolific Silver valley”.
The serious intentions of U.S. Silver in regard to the exploration are evident from a couple of new appointments in the company. Professional geologist Dave Cockrum has joined U.S Silver as exploration manager and Dan Hussey has made a return to the company, being appointed the company’s new Chief Geologist.


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