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AMERICAN SILVER MIN. CO. v. COEUR D'ALENE MINES

No. 10368.

480 P.2d 900 (1971)

94 Idaho 54

AMERICAN SILVER MINING COMPANY, an Idaho corporation, Plaintiff-Appellant, v. COEUR D'ALENE MINES CORPORATION, an Idaho corporation, Defendant-Respondent.

Supreme Court of Idaho.

February 8, 1971.

Attorney(s) appearing for the Case

William A. Reagan, Coeur d'Alene, D.L. Holland, John A. Frankovich and R. Lewis Brown, Jr., Butte, Mont., for plaintiff-appellant.

James P. Keane, William F. Boyd, Kellogg, and Dennis E. Wheeler, Wallace, for defendant-appellee.

SHEPARD, Justice.

This case involves the interpretation of a contract, wherein one mining corporation agreed to explore the property of another mining corporation and receive one-half of the ore discovered as a result of such exploration. The parties entered into the contract in 1946, and in 1965, plaintiff-appellant gave notice that it was rescinding the contract. Plaintiff-appellant thereafter brought a quiet title action to remove any cloud upon the title to the...

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