A Canadian mining company with operations in northern Idaho this week announced plans to explore and further develop the Crescent Silver Mine. The Crescent mine is located near Coeur d’Alene between the well-known Bunker Hill and Sunshine mines.
According to United Silver Corp.’s press release, the four-year, $23 million exploration project could yield a “significant silver resource”. United Silver says the mine has already produced about 25 million ounces of silver in the past, but it hasn’t been aggressively explored.
“Very significant surface drilling and underground exploration in the form of a spiral ramp and drifting within the known mineralization closest to surface has already been completed. The objective of the current Plan is to restart, aggressively, this partially-completed exploration/development work which began in 2007. Highly-encouraging results from this earlier work form the basis for this aggressive exploration/development plan, which has the goal of unlocking what management believes is a very high potential for the delineation of a significant silver resource.” – United Silver Corp.