Royal Silver Mines
Royal Silver Mines RSMI (NASDAQ)
Sierra Mojada District, Coahuila. Acquired a 45% working interest in a joint venture with Metalline Mining Co. for 4700 hectares in the heart of the old district. Royal acquired it's interests from Dakota Mining for cash and shares. Dakota retains a 1% to 2.5% nsr on future production..
LAMR February, 1998
Zopilote District, Nayarit. Acquired four seperate old mines: Manantial, Zopilote, Jabalina and Frazadas Mines. These four concessions total 458 ha located near the town of Ruiz. Optioned former Pb-Zn-Ag-Au producers from Minera Nival. Some workings date back to Spanish colonial times and a German company operated district from 1890-1910.
Press Release 4Mar97