United Mining Group Inc. is pleased to announce geochemical results of the South Vein intercepted by the underground bulk sampling program currently ongoing at the Crescent Silver Mine in the Coeur d’Alene district of north Idaho.
Samples reported are continuous chip channels collected by Company geologists and delivered to American Analytical Services, an ISO 17025- accredited laboratory located in Osburn, Idaho. All results reported are fire assays. Sample widths are horizontal widths; the mineralized zone dips at 70 degrees to the south.
The sampled interval reported here is approximately 20 feet below an intercept of 8.8 feet grading 59.0 opt Ag (corrected to true thickness) in drill hole SNS-403, collared from the surface (2009).
During March, the Company completed the first access slot from the Countess decline across the South Vein structure, one of the principal exploration targets at the Crescent, and commenced test drifting along the structure at an elevation of 3940 feet, an elevation lower than previous surface- collared drilling. Mapping and sampling to date have confirmed the presence of a strongly mineralized shear zone hosting the South Vein mineralization. A sublevel is currently being developed that will allow a second access slot to the west half of the resource area at the same elevation.
The current results of the silver mineralization obtained from drifting on the South Vein are extremely encouraging in that they provide clear evidence that the South Vein remains a highly-potential target for the development of additional resources. The results are being interpreted to mean that the South Vein is completely open to depth from previous drilling making the South Vein the objective for the current decline and associated underground development.
The bulk sample will undergo metallurgical sampling at the local New Jersey mill where the Company has a joint venture expansion program and operating agreement in place. Jersey Mill completion is targeted for the end of 2011. Further stope testing and pre production development will continue on the current resource established by SRK in order to confirm suitable mining methods and reclassification on particular areas of the resource.