Available Soon: Request your printed copies of the Idaho Freedom Index mailed to you!
Request Your Copies
Note to Dustin: This is currently only visible to logged in users for testing.
Click Me!
video could not be found

South Mountain Mine gets $18 million private investment

South Mountain Mine gets $18 million private investment

Mitch Coffman
April 19, 2012

A private equity group has given mining company Thunder Mountain Gold a letter of intent for an investment of $18 million into the South Mountain Mine, in a story from the Idaho Press-Tribune. The mine is located in Owyee County, which is in southwest Idaho.

The company will be extracting gold, silver and other valuable mineralsĀ from the mine, focusing primarily on silver. According to the company, the mine could yield anywhere from 5 million ounces of silver, to 50 million.

There is still a ways to go before operation can begin. There are samples to be taken and, of course, government permits to obtain. The process could take three to five years.

When the mine does open, between 25 and 100 people could be employed.

Idaho Freedom Foundation
802 W. Bannock Street, Suite 405, Boise, Idaho 83702
p 208.258.2280 | e [email protected]
COPYRIGHT Ā© 2024 Idaho freedom Foundation
magnifiercrossmenucross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram