International Silver Inc. to Acquire Pan American Mine and Caselton Concentrator

International Silver Inc.(PINK:ISLV) announced that it is participating in a lease/purchase agreement for the Pan American Zinc/Silver Mine and the Caselton Concentrator in Lincoln County,  Nevada .

The press release is quoted as saying:

The Pan American Zinc/Silver Mine was last operated as a Joint Venture between Bunker Hill and the Anaconda Corporation. Ore was mined underground at a rate of 2,000 tons per day using bulk mining via a haulage ramp decline with a 7% dip along the dip of the orebody. Past production from the mine, which was last operated in 1979, amounted to 5.0 million tons of ore containing 13 million ounces of silver, 68 million pounds of lead, 150 million pounds of zinc and 94 thousand ounces of gold.

To access the full release, click here.