News & Updates
Cornelius, N.C. –– Integrity Mining ("The Company", "IM") , a subsidiary of Cornelius, NC based private investment firm Davis Capital Group, is pleased to announce that it has acquired a 72% equity interest in Silver King of Arizona Mining Company ("Silver King"). The Silver King Mine, which is the basis for the book “When Silver Was King”, is one of the most prominent mines in U.S. history. Willow Creek is located in the copper belt region of Arizona, U.S.A. which is home to several successful commercial mining operations.
Silver King is comprised of nine claims and is home to a 700 foot underground mine. IM will provide capital to support near term production of dump piles, management expertise, equipment leasing services, and capital for continued development of the underground mining operations.
"Integrity Mining believes that investors are best served by focusing on mining investments with successful mining history located in mining districts with substantial industry presence and mining infrastructure. We further believe that partnering with seasoned management, geological teams and engineering firms will hedge the inherent risks associated with pre-production mining investments. Silver King meets the criteria we have established and we are excited about the prospects of near term return on investment," stated Richard Davis, President of Davis Capital Group.
The Silver King Mine was active from 1875 to 1880 producing between $7 million to $17 million (current value of approximately $310 million to $760 million) in silver during its hey-day (when silver was priced at $1 per ounce or less). It also produced some gold, copper, zinc, lead and other metals. Based on recent assays, Silver King has approximately $2.5 million in silver contained in its dump piles which will begin production in mid-April. In addition, IMwill continue to work with its vast technical team to re-establish underground mining at the Silver King. Management believes that successful recovery can be achieved by the utilization of modernized mining techniques for both locating and extracting ore.
Davis Capital Group (DCG) is a private investment firm that capitalizes on exceptional proprietary opportunities in real assets.Founded in 2004, DCG generated superior returns for its investors through targeted real asset investments.Given the current economic and geopolitical environments, plus the scarcity of natural resources due to global population and development, DCG recently repositioned its strategy to focus on alternative real assets, including the development of a mining platform and potential acquisitions of several natural resource-rich properties such as water and farmland.
Past performance is not an indication of future results. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in this and other information generated by DCG and its subsidiaries. Accordingly, readers are advised not to place undue reliance on forward-looking statements.