United Silver reorganizes, says expansion on target for Q4
United Silver Corp. (formerly United Mining Group) on Thursday updated progress on the joint venture with New Jersey Mining Company which was established to secure near-term milling capacity for the Crescent Silver Mine project, through funding a $2.5m expansion program. The expansion program remains on budget and on schedule for completion in the fourth quarter of 2011, the company said.
United Silver Corp. is earning, through development and operations, an 80% interest in the Crescent Silver Mine in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines.