SOURCE: Shoshone Silver Mining Company
October 20, 2010 14:37 ET
Shoshone Silver/Gold, Pending Projects for 2011
COEUR D' ALENE, ID--(Marketwire - October 20, 2010) - Shoshone Silver/Gold Mining Company (OTCBB: SHSH) Shoshone's pending plans for 2011 include, but are not limited to, the following:
Exploration work on the patented "Camp Project" claims in the Silver Valley
Located in the center of the "silver belt" of the prolific silver-producing Coeur d' Alene Mining District, the Camp Project claims lie west of the Coeur and Galena Mines and east of the Sunshine Mine. The Camp Project claims encompass 630 acres of patented ground.
Geology of the Camp Project group of claims is similar to that of the Silver Summit (ConSil) portion of the Sunshine Mine. Prominent fault structures that have hosted millions of ounces of silver productions elsewhere, such as the Polaris fault, the Silver Summit vein fault and the Chester fault all trend through the Camp Project claims area. The north limb of the Big Creek anticline, which hosts some of the major silver deposits in the district, also trends through the Camp Project area. Results of 13,200 feet of exploration geophysics performed during 2005 indicate a high chargeability/low-resistivity anomaly indicative of sulfide mineralization. This anomaly extended from near the surface to the maximum sensitivity of the test instrumentation in a generally east-west orientation and appears to increase in depth to the east. The Silver Summit, Chester, Wire Silver, "D", and Chester-Polaris "Hook" Veins all originate in or extend into the Camp Project claims at depth. This property has been dormant for the last 20 years. With the rising silver prices, now is the time to expedite Shoshone's exploration activities.
Exploration work on Northern Idaho Mining Properties
Located in Boundary County, which is in far northern Idaho, Shoshone's properties are truly polymetallic in nature. There are two types of mineralization present on these properties. There is a low-grade, high volume copper, nickel, platinum group elements mineralization present in the basic sills, and a high-grade, low volume polymetallic (copper, lead, gold and silver) vein running through the sill.
In the past, these properties have been explored by diamond drilling, IP (induced polarization) testing, and with a magnetometer study. The results of these past tests will form the blueprint for further exploration.
Shoshone is seeking a joint venture partner for exploration of their non-developed properties.
ABOUT SHOSHONE SILVER/GOLD MINING COMPANY
Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral explorations projects in Idaho, Montana, Arizona and Washington. Shoshone stock trades on the Over the Counter Bulletin Boards (OTCBB) under the symbol "SHSH", and on the Frankfort Exchange under the symbol "9IT".
This release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended September 30, 2009.