Document:

EXHIBIT  10.5

SALES  AGREEMENT

Based  on  miscellaneous  negotiations  with  shareholders  of  Olympic  Silver
Resources,  Inc.  the  following sale of stock is agreed to by and between Atlas
Mining  Company  and  Olympic  Silver  Resources,  Inc.

<TABLE>
<CAPTION>
Shareholder        Olympic Shares     Atlas Shares     Other Considerations
---------------  ------------------  --------------  ------------------------
<S>              <C>                 <C>             <C>
R. Tschauder              1,390,000    338,750       $10,000 cash
Shephard Group            2,910,000    120,000       $2,009.50 Girling,
                                        49,516       $3,410.50 Shephard
                                                     $350.00 Gibson
D. Meiser                   100,000     26,250
M. Adams                    150,000     82,500
W. Moorehead                100,000     55,000
W. Warren                    50,000     27,500
M. Sutti                    225,000     31,725
G. Arredondo                 75,000     10,575
</TABLE>

Signed this 1st day of April, 1999.

______________________________________
For  Olympic  Silver  Resources,  Inc.

______________________________________
For  Atlas  Mining  Company

<PAGE>
                            CORPORATE  RESOLUTION

At  a shareholders meeting of Olympic Silver Resources, Inc. held on January 29,
1999,  at  the  corporate  offices  at  732  Sunrise  Street,  Rathdrum, ID, and
represented  in  person or by proxy were 4,350,000 shares (87%) of the 5,000,000
shares  outstanding  of  the  corporation,  a  motion  from the shareholders was
presented  as  follows:

Resolved  that  Olympic  Silver  Resources,  Inc. consents to the acquisition of
Olympic  Silver  Resources, Inc. common shares by Atlas Mining Company, an Idaho
corporation.

The  motion  was  seconded  and  passed  unanimously  by all shares represented.

Signed:    __________________________
                President

Attested:  _________________________
                Secretary

<PAGE>
                          BILL OF SALE AND RESIGNATION

The  undersigned  sells  conveys and transfers all rights title and ownership to
Olympic Silver Resources, Inc. a Nevada corporation, to Atlas Mining Company, an
Idaho corporation.  Said sale includes all Olympic Silver Resources, Inc. shares
owned  or otherwise assigned to the undersigned, which is no less than 1,730,250
shares.  Payment  for  said  ownership is 149,516 shares of Atlas Mining Company
common  stock  and  other  considerations.

Further  the  undersigned  herein  resigns as an officer and director of Olympic
Silver  Resources,  Inc.  and  Minera  Argentum,  S.A.

Dated:  ________________________

Signed: ________________________

Name:  Chris  Shephard

Address:_______________________
        _______________________
       ________________________

SS#:___________________________

<PAGE>EXHIBIT  10.6

                                ARTICLE OF MERGER
                                       OF
                        SIERRA SILVER-LEAD MINING COMPANY
                                       AND
                              ATLAS MINING COMPANY

Pursuant  to  the  provisions  of  the  Idaho  Business  Corporation  Act,  Part
30-1-1105,  the undersigned corporations hereby submit the following Articles of
Merger  for filing for the purpose of merging Sierra Silver-Lead Mining Company,
an Idaho corporation ("Sierra"), into Atlas Mining Company, an Idaho corporation
("Atlas").

                                    ARTICLE I

The  Plan  of  Merger  of  Sierra  into  Atlas  is  attached  as  Exhibit  A.

                                   ARTICLE II

The  merger  was duly approved by the shareholders of Sierra.  There is only one
class  of  Sierra  stock  outstanding.

Designation              Outstanding Shares  Shares Voted for Merger     Percent
-----------------------  ------------------  -----------------------     -------
Common Stock             2,594,540           1,304,962                   50.45%

                                   ARTICLE III

Approval  of  the  Atlas  shareholders  was  not required to approve the merger.

Dated  the  14th  day  of  October,  1998.

ATLAS  MINING  COMPANY                         ATLAS  MINING  COMPANY

By:_____________________________               By:_____________________________
   William  T.  Jacobson, President                    Kurt Hoffman, Secretary

SIERRA  SILVER-LEAD  MINING  COMPANY           SIERRA  SILVER-LEAD  MINING
                                                       COMPANY

By:____________________________                By:_____________________________
   Donald  C.  Springer, President                    R. M. MacPhee, Secretary

<PAGE>
                                 PLAN OF MERGER

     This Plan of Merger is made and entered into this 20th day of August, 1998,
by  and  between  Sierra  Silver-Lead  Mining Company (Sierra), and Atlas Mining
Company  (Atlas),  both  Idaho  corporations.

Sierra  Silver-Lead Mining Company is a corporation organized and existing under
   the  laws  of  the State of Idaho and has authorized capital stock consisting
   of 6,000,000 shares of fully paid, nonassessable stock with .10 par value, of
   which  2,594,540  shares  are  issued  and  outstanding,  and  held  by  157
   shareholders.

Atlas  Mining  Company is a corporation organized and existing under the laws of
   the State of Idaho  and  has authorized capital stock consisting of 6,000,000
   shares  of  fully  outstanding,  and  held  by  157  shareholders.

The  Board of Directors of Sierra and Atlas, respectively, deem it advisable for
   Sierra  to  merge  into  and  with  Atlas.

     NOW,  THEREFORE,  in  consideration  of the mutual covenants and agreements
contained herein, Sierra and Atlas hereby agree to the following Plan of Merger.

     1.    NAMES OF CONSTITUENT CORPORATIONS.  Sierra will  merge  with and into
           Atlas.  Atlas  Mining  Company  will  be  the Surviving  Corporation.

     2.    TERMS AND  CONDITIONS  OF MERGER.  The effective date of merger shall
           be the date  upon  which  the  Articles  of Merger are filed with the
           Secretary of State.  Upon  the  effective  date  of  the  merger: the
           separate corporate existence of  Sierra  shall  cease;  title  to all
           real estate and other property owned by Sierra  shall  be  vested  in
           Atlas  without reversion or impairment; and the Surviving Corporation
           (Atlas)  shall  have  all  liabilities  of  Sierra.  Any  proceedings
           pending  by  or  against  Sierra or Atlas may be continued as if such
           merger  did  not  occur,  or  the  surviving  Corporation  may  be
           substituted in the proceeding  for  Sierra.

     3.    GOVERNING  LAW.  The  laws  of  the  State  of Idaho shall govern the
           Surviving Corporation.

     4.    NAME.  The name of the Surviving  Corporation  shall  be Atlas Mining
           Company.

     5.    REGISTERED OFFICE.  The address of the Registered office of the
           Surviving  Corporation  shall  be  416  River  Street, Wallace, Idaho
           83873.

     6.    ACCOUNTING.  The assets and liabilities of Sierra as of the effective
           date  of  the merger shall be taken up on the books of the  Surviving
           Corporation at  the  amounts  at  which they are carried at that time
           Or  at  the  valuation  as  determined  by  the  directors  of  each
           corporation.

     7.    ARTICLES  OF INCORPORATION AND BYLAWS.  The Articles of Incorporation
           and Bylaws  including  any  amendments  of Atlas will remain the same
           except that an Article of Merger will be filed upon acceptance of the
           shareholders of Sierra.

<PAGE>
     8.    DIRECTORS.  The  directors  of  Atlas as of the effective date of the
           merger shall be  the  directors  of  the  surviving Corporation until
           their respective successors  are  duly  elected  and  qualified.

     9.    MANNER  AND  BASIS OF CONVERTING SHARES.  As of the effective date of
           the Merger:

Each  3.76  shares  of  Sierra  common stock, with a par value of .10 per share,
        Issued  and  outstanding  shall continue to be one share of Atlas common
        stock with a  par  value  of  .10  per  share.

The  Surviving  Corporation shall convert or exchange each 3.76 shares of Sierra
        common  stock  for  one  share of the  common  stock  of  the  Surviving
        Corporation;  PROVIDED,  however,  that  no  fractional  shares  of  the
        Surviving Corporation stock shall  be issued.  In the case of fractional
        shares, all fractions of one-half (.50)  or  more  will  be  issued  one
        share.

Any shares of stock of Sierra in the Treasury of Sierra on the effective date of
        the  merger  shall  be  surrendered  to  the  surviving  Corporation for
        cancellation, and no shares of the Surviving Corporation shall be issued
        in respect thereof.

On  the effective date of the merger, holders of certificates of common stock in
        Sierra  shall  surrender  them  to  the  Surviving Corporation,  or  its
        Appointed agent,  in  such  manner as legally required.  Upon receipt of
        such certificate, the  Surviving  Corporation  shall  issue  in exchange
        therefor a certificate of  shares  of  common  stock  in  the  Surviving
        Corporation representing the number of shares  of  stock  to  which such
        holder shall be entitled as set forth above.

In addition, such shareholder shall be entitled to receive any dividends on such
        shares  of common stock of the surviving Corporation which may have been
        declared and  paid  between  the  effective  date  of the merger and the
        issuance to such shareholder of the certificate of  such  common  stock.

     10.    SHAREHOLDER APPROVAL.  This Plan of Merger shall be submitted to the
            shareholders  of  Sierra  for  their approval in the manner provided
            under  Idaho  Code 30-1-1103, on or before September 30, 1998, or at
            such  time  as  the Board of Directors of Sierra shall agree.  After
            approval  by  a  vote  of  the holders of the majority of the shares
            entitled  to vote thereon, the Articles of Merger shall be filed  as
            required  by  the  laws  of  the  State  of  Idaho.

<PAGE>
     11.    RIGHTS  OF  DISSENTING  SHAREHOLDERS.  Any shareholder of Sierra who
            has the  right to dissent from this merger as provided in Idaho Code
            30-1-1302, and who so dissents in accordance  with  the requirements
            of such part, shall be entitled, upon surrender of  the  certificate
            or certificates representing certificated shares or upon  imposition
            of restrictions of transfer  of uncertificated  shares,  to  receive
            payment of the fair value of such shares as provided  therein.

     12.    COUNTERPARTS.  This Plan of Merger may  be executed in any number of
            counterparts,  and  all  such counterparts and copies shall  be  and
            constitute an original instrument.  IN WITNESS WHEREOF, this Plan of
            Merger has been adopted by the undersigned as of this  20th  day  of
            August,  1998.

SIERRA  SILVER-LEAD  MINING  COMPANY          SIERRA  SILVER-LEAD  MINING
                                                      COMPANY

By:_____________________________               By:_____________________________
   Donald  C.  Springer,  its  President            R.  M.  MacPhee,
Secretary

ATLAS  MINING  COMPANY                        ATLAS  MINING  COMPANY

By:_____________________________               By:_____________________________
   William T. Jacobson, its President             Kurt Hoffman, its Secretary

<PAGE>

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