United Mining Group is completing a new portal into the upper country of the Crescent Silver Mine and rehabilitating sections of the Hooper tunnel.
To facilitate portal construction, the company has purchased a 10-plus acre parcel of land upon which part of the Countess claim is located in Shoshone County. The project is expected to begin this month and be completed in about four months time, according to a release.
UMG has secured a land disturbance permit from Shoshone County and has built the access road into the site, is excavating the overburden and stabilizing the hillside. Equipment for the underground construction of the ramp is being moved to the site. The completed ramp is expected to provide access to the Alhambra Vein and the South Vein resource in the upper country of the Crescent property that was identified through an earlier drill program performed by SNS Silver.
The portal is expected to ramp through the upper country 800 feet to the Alhambra Vein, then turn and drive another 1400 feet to the South Vein.
The company has also rehabilitated sections of the Hooper tunnel with plans to extend the Hooper track drift an additional 1,100 feet to perform further exploratory drilling on the South Vein from the Hooper level. A second rehabilitation crew has been added to speed up the progress on rehabilitation of the Hooper Tunnel.
The Crescent Mine has an NI 43-101 indicated silver resource of 6.1 million ounces silver (324,000 tons grading 18.7 opt silver) and additional inferred silver resources of 4.1 million ounces silver (211,000 tons grading 19.5 opt silver).