|LOCATION||Shoshone County, Idaho, near the town of Mullan|
|TARGET:||Disseminated, stratabound, silver-rich copper sulfide deposits within the Proterozoic Revett Formation; Coeur d’Alene vein-type silver-lead-zinc-copper deposits.|
|LAST UPDATED:||February 1, 2019|
- Copper King / Sonora Silver is a strategically positioned property partially surrounded by a large patented claim block controlled by Hecla Mining and others. Hecla’s property includes their Lucky Friday-Gold Hunter underground silver mining complex near Mullan, Idaho, located immediately to the south of the claim block, has been in nearly continuous production producing a silver, lead and zinc concentrate since 1942.
- In 2016, Cementation USA finished an internal shaft at Hecla’s newer Gold Hunter Mine located approximately 5,000 ft north of the Lucky Friday. The Gold Hunter internal shaft has a finished depth of 9,587 feet, making it the deepest shaft and mine in the US. Productive historic mines near Burke, Idaho, primarily valued for their silver, lead and zinc, are situated northwest of the Copper King claim block.
- Three target areas for drill testing have been identified and selected for permitting and exploration purposes. The drilling will target the highly favorable Revett host formation beneath the overlying Wallace and St. Regis Formations in an area that has never been tested for stratabound copper-silver. From the primary drill site, the Company also has the option to drill test near-surface tetrahedrite stockworks hosted by the St. Regis formation for Coeur d’Alene vein style mineralization.
The Copper King / Sonora Silver property consists of 50 unpatented lode claims in Shoshone County, Idaho. The claims are controlled 100% by Silver Predator. The project is situated at the eastern end of the world-class Coeur d’Alene Silver Mining District, and at the south end of the Revett Silver-Copper Belt. At over 1.2 billion ounces of historic silver production, the Coeur d’ Alene District is one of the largest documented silver producing regions in the world. In addition, the known bedded silver-copper resources in the adjacent Revett Formation in Montana, are known to host some of the largest undeveloped silver resources in the US.
The Silver-Copper Belt in Montana hosts world-class resources at the Rock Creek, Montanore and Troy projects. SPD management believes that the Copper King / Sonora Silver Project in Idaho represents one of the best under-explored target areas for the bedded copper-silver style of mineralization, and unlike the deposits in Montana, is situated in an active mining district with over 130 years of mining history and infrastructure. Where structurally complicated, the stratabound copper-silver deposits are known to be associated with high-grade vein-type deposits. As this vein-style of deposit characterizes the entire Coeur d’ Alene District, potential also exists for similar mineralization at the Copper King/ Sonora Silver property.
The Copper King / Sonora Silver project is the subject of an NI 43-101 compliant technical report with an effective date of January 1, 2008, by John F. Childs, Ph.D., P. Geo., of Childs and Associates, LLC. A copy of the technical report on the Copper King/ Sonora Silver/Sonora Silver project is available for download below.
There are no current resources or reserves on the Copper King / Sonora Silver Property as there has been no drilling to date. Several occurrences of stratabound as well as structurally-controlled mineralization are known within the claim block area as exposed in old prospects.
Geology and Mineralization
The Revett Silver-Copper Belt is a north-south corridor nearly 170 kilometers long and 90 kilometers wide that hosts disseminated, stratabound, silver rich, copper sulfide deposits within the Proterozoic Revett Formation. There are numerous prospects of bedded copper-silver mineralization in the Belt, with some of the better grade mineralization located adjacent to, and on strike with, the Copper King/ Sonora Silver Property within the Granite Peak Syncline. Some of these deposits are relatively high grade for the deposit type (1 to 3% copper and 3 to 6 oz/ton silver) and were historic producers (i.e., Snowstorm and National Mines; USGS PP. 62, 1908). The Coeur d’Alene veins exploited in the vicinity of the Project area are thought to be metamorphic in origin and are known to persist through a remarkable vertical range. These veins may result, at least in part, from the remobilization of the stratabound mineralization.
The historic Mammoth, Champion, Military Gulch and Sonora Gulch copper-silver prospects occur within the Copper King / Sonora Silver property limits. The Military Gulch area east of the Project area was sampled, mapped and drilled (two holes) for stratabound copper-silver in 1980 through 1982 by U.S. Borax. Borax’s work proved the presence of bedded copper-silver mineralization immediately down dip from mineralization exposed in Military Gulch. This bedded copper-silver mineralization projects at depth onto the Silver Predator claims to the north and west, and provides a compelling concealed target concept that has never been tested. Vein-type copper-silver occurrences at the Mammoth, Champion and Copper King / Sonora Silver workings are interpreted to be favorable indicators of leakage from subjacent bedded mineralization. The historic Copper King/ Sonora Silver #1 and #2 mines, which exploited Coeur d’Alene vein-type deposits, are located near the south boundary of the property on adjacent patented claims and project onto the Silver Predator claim block
Silver Predator has completed the permitting process with the appropriate Federal and State authorities and is currently making plans to undertake a core drilling program once the weather clears in the early summer of 2019. This program is contemplated to include drill targeting for both vein and bedded style of silver-copper mineralization.