Acquisition Of The Ranger-Page Project In Shoshone County
VANCOUVER - Silver Dollar Resources Inc. has signed an agreement with Silver Valley Metals Corp. and its subsidiary, North Idaho Metals Corporation, whereby Silver Dollar's wholly owned subsidiary will acquire from the Vendors the right, title and interest in the assets related to the Ranger-Page Project located in Shoshone County, Idaho. This includes the option rights under the Government Gulch Option and Joint Venture Agreement and the Page Mine Mineral Rights Lease and Option Agreement
The Project comprises two contiguous patented lode claim groups - Government Gulch (403 acres) and Page Mine (802 acres) - that consolidate the western end of the Silver Valley mining corridor under a single operator for the first time. The land package covers six historic mines, with the option to acquire ownership of the Project's mineral rights, which are not currently subject to any royalties. The Target Assets also include access rights to allow Silver Dollar to conduct exploration activities. Ideally situated approximately two kilometres (km) south of Interstate 90 Freeway and the town of Smelterville, the Project features power, water, year-round access to local infrastructure and a workforce skilled in exploration and mining.