Projects and Acquisition Strategy
Shoshone is primarily a silver company with additional projects in gold, platinum group metals and uranium. Shoshone's main project is the exploration and development of its Lakeview District holdings.
| Properties by Class | Acres | Metals |
|---|---|---|
| Lakeview District | 1,100 | Ag, Au, Cu, Zn, Pb |
| Zacatecas, Mexico | 3,284 | Ag, Zn, Pb |
| Silver Valley | 552 | Ag, Cu, Pb |
| Platinum Group Metals | 700 | PGM, Ag, Au, Cu, Pb |
| Arizona Gold | 460 | Au |
| Montana Gold | 120 | Au |
| Nevada Uranium | 860 | U, Ga |
Lakeview District properties include the Idaho Lakeview Mine and Mill, the Conjecture, Weber, Keep Cool, Auxer and Regal Mines and properties surrounding those mines. Shoshone's Zacatecas property, the Bilbao Project, is currently in late stage exploration under a joint venture partner. Silver Valley properties include the Bullion, Shoshone and North Osburn groups. The polymetallic Montgomery Mine and Stillwater Extension claims are PGM projects. Gold projects are found in Arizona, with the Cerro Colorado and Western Gold groups. Shoshone's Nevada Uranium project is located near Elko, adjacent to Bayswater/Kilgore Mineral's Mountain West Property.
Project Acquisition Strategy
As metal prices declined into the early 1990s, Shoshone closed much of its production and shifted its focus towards acquiring new properties and diversifying its interest. The company expanded its portfolio of projects to complement our historic holdings while taking advantage of lowered acquisition costs arising from market depression. New projects were selected to both strengthen Shoshone's core silver position and to increase diversity within the company's portfolio. These acquistions were made without the company incurring debt.
Following this period of intense acuqisition, Shoshone is now focused on developing its current holdings while remaining alert for highly undervalued properties with strong potential for production that fall within the company's area of expertise.