again the insider began buying again Aug 19 and 20
Post# of 168
Posted On: 08/23/2013 10:17:10 AM
again the insider began buying again Aug 19 and 20, which I take as a sign they think the d drive will work
CEO: Troy Mine on Track to Reopen This Year
Extended shutdown raises concerns about Rock Creek Mine project
Revett Minerals Inc. announced on Aug. 8 that miners are clearing a path toward the lower quartzite ore body at the Troy Mine and production could begin again sometime during the fourth quarter of 2013. The Lincoln County copper and silver mine has been shut down since December 2012 because of a series of underground rock falls.
“This is not bad news and it’s not necessarily great news, but we still believe we can access the ore through the ‘D Drive’ tunnel, we’re just not there yet,” said CEO John Shannahan.
But the extended shutdown of the Troy Mine has raised concerns about Revett’s much larger project in Sanders County, the Rock Creek Mine. According to Rock Creek Alliance executive director Mary Crowe Costello, opponents worry similar rock falls in the Rock Creek Mine will permanently damage the Cabinet Mountain Wilderness that sits above the undeveloped mine claims.
Rain, freezing temperatures and a series of small seismic events led to the rockslides inside the mine in November and December. After the snow melted this spring, mine officials inspected the surface and found evidence of movement at the surface.
“What’s happening at the Troy Mine can happen at Rock Creek,” Costello said. “If they are going to use Troy as an analog or model mine, they can’t just make comparisons when things are good.”
Bear Creek Mining discovered the Rock Creek ore body in the 1960s and officials say it is twice the size of the Troy Mine deposit. When in full production, the Rock Creek Mine could employee 300 people and produce 10,000 tons of ore a day
CEO: Troy Mine on Track to Reopen This Year
Extended shutdown raises concerns about Rock Creek Mine project
Revett Minerals Inc. announced on Aug. 8 that miners are clearing a path toward the lower quartzite ore body at the Troy Mine and production could begin again sometime during the fourth quarter of 2013. The Lincoln County copper and silver mine has been shut down since December 2012 because of a series of underground rock falls.
“This is not bad news and it’s not necessarily great news, but we still believe we can access the ore through the ‘D Drive’ tunnel, we’re just not there yet,” said CEO John Shannahan.
But the extended shutdown of the Troy Mine has raised concerns about Revett’s much larger project in Sanders County, the Rock Creek Mine. According to Rock Creek Alliance executive director Mary Crowe Costello, opponents worry similar rock falls in the Rock Creek Mine will permanently damage the Cabinet Mountain Wilderness that sits above the undeveloped mine claims.
Rain, freezing temperatures and a series of small seismic events led to the rockslides inside the mine in November and December. After the snow melted this spring, mine officials inspected the surface and found evidence of movement at the surface.
“What’s happening at the Troy Mine can happen at Rock Creek,” Costello said. “If they are going to use Troy as an analog or model mine, they can’t just make comparisons when things are good.”
Bear Creek Mining discovered the Rock Creek ore body in the 1960s and officials say it is twice the size of the Troy Mine deposit. When in full production, the Rock Creek Mine could employee 300 people and produce 10,000 tons of ore a day
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