Acquisition of the Jefferson County Metallurgical Complex in Jefferson County, Montana, comprising separate 15,000-tpd and 1,000-tpd milling and flotation circuits, together with extensive associated infrastructure on approximately 5,000 acres.
Beyond the Headline
Silver Bow has rehabilitated the historic Chief Joseph Portal, re-establishing underground access to its high-grade Rainbow Block silver-zinc project. This is reportedly the first underground exploration activity in the Butte district in about 35 years. The U.S. Mine Safety and Health Administration (“MSHA”) has issued Federal Mine ID No. 24-02827 to the Company under the name “Silver Bow Mine,” authorizing the Company to undertake underground activities at the Rainbow Block. The company will now rehabilitate the decline and establish underground drill stations on the 200 Level. It is also preparing a second, larger Rainbow Portal about 1,000 ft.(300m) north. This is operationally important as underground drilling will allow much shorter and better-oriented holes into the Rainbow veins/structures than surface drilling, potentially accelerating conversion and expansion of the existing inferred resource. Rainbow will move from a surface exploration story towards an underground evaluation project which should accelerate its advancement.