JoninATX
Mar 29, 2011, 10:43 AM
Texas silver mine gets new life after 1942 closure
http://www.mysanantonio.com/mediaManager/?controllerName=image&action=get&id=669880&width=628&height=471
MICHAEL GRACZYK, Associated Press
Updated 05:05 p.m., Saturday, March 19, 2011
SHAFTER, Texas (AP) — A highway sign proclaims "Shafter Ghost Town," and on either side of the two-lane blacktop are ruins of stone and adobe structures amid a handful of houses.
About 70 years ago this patch of West Texas desert was home to a bustling community and one of the nation's most reliable sources of silver. That all began to wither in 1942 when a wartime work force shortage and plummeting silver prices forced the Presidio Mine to close and hastened Shafter's demise.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they've seen in decades. The mine will return significant metals production to Texas for the first time in many years.
"No doubt the price of silver makes this a viable project," said Sandy McVey, the project manager for Vancouver-based mining firm Aurcana Corp., referring to prices that have spiked to more than $30 an ounce. "And we need to get this mine up and running fast before the window of opportunity closes."
http://www.mysanantonio.com/news/article/Texas-silver-mine-gets-new-life-after-1942-closure-1206043.php
I thought this was interesting seems like we struck the next big thing:)
http://www.mysanantonio.com/mediaManager/?controllerName=image&action=get&id=669880&width=628&height=471
MICHAEL GRACZYK, Associated Press
Updated 05:05 p.m., Saturday, March 19, 2011
SHAFTER, Texas (AP) — A highway sign proclaims "Shafter Ghost Town," and on either side of the two-lane blacktop are ruins of stone and adobe structures amid a handful of houses.
About 70 years ago this patch of West Texas desert was home to a bustling community and one of the nation's most reliable sources of silver. That all began to wither in 1942 when a wartime work force shortage and plummeting silver prices forced the Presidio Mine to close and hastened Shafter's demise.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they've seen in decades. The mine will return significant metals production to Texas for the first time in many years.
"No doubt the price of silver makes this a viable project," said Sandy McVey, the project manager for Vancouver-based mining firm Aurcana Corp., referring to prices that have spiked to more than $30 an ounce. "And we need to get this mine up and running fast before the window of opportunity closes."
http://www.mysanantonio.com/news/article/Texas-silver-mine-gets-new-life-after-1942-closure-1206043.php
I thought this was interesting seems like we struck the next big thing:)