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Coeur Mining Provides Mid-Year 2020 Exploration Update
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on its 2020 exploration program, which is the largest campaign in the Company
About this update from Coeur Mining, Inc.
[{"type":"text","content":"Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on its 2020 exploration program, which is the largest campaign in the Company’s history. The primary focus of the program is resource expansion and new discoveries, including prospective step-out drilling on certain targets designed to test known boundaries of existing mineralization. Drilling was active at six of the Company’s sites during the first half of 2020 with each program delivering positive results, including two new gold discoveries at the Sterling and Crown exploration properties in southern Nevada. Key Highlights1,2 New, significant discoveries in Nevada of oxide gold at Sterling and Crown – Step-out drilling at both Sterling and Crown has discovered new mineralized zones: (i) El Portón, located to the northeast of the historic Sterling mining area and (ii) C-Horst, located in the northernmost portion of the Crown Block. The new discoveries exhibit oxide-leach characteristics based on initial metallurgical test work and cyanide-fire assay results. Key highlights include: El Portón Hole STR20-018 returned 380.0 feet (115.8 meters) of 0.09 ounces per ton (“oz/t”) (3.0 grams per tonne (“g/t”)) gold from 585.0 feet (178.3 meters) drill depth, and Hole STR20-032 returned 250.0 feet (76.2 meters) of 0.04 oz/t gold (1.4 g/t) from 660.0 feet (201.2 meters) drill depth C-Horst Hole CH20-007 returned 320.0 feet (97.5 meters) of 0.04 oz/t (1.4 g/t) gold from 540.0 feet (164.6 meters) drill depth, and Hole CH20-008 returned 265.0 feet (80.8 meters) of 0.03 oz/t (1.1 g/t) gold from 535.0 feet (163.1 meters) drill depth Meaningful new, higher-grade mineralization adjacent to open pit at Rochester – Grades and thicknesses from directional drilling demonstrate potential growth of higher-grade mineralization immediately east of the existing open pit at Rochester. This data is expected to be incorporated into the rescoped mine plan as part of the upcoming expansion at Rochester. Additionally, the Company plans to issue an updated technical report during the fourth quarter of 2020. Key highlights from East Rochester include: 842.8 feet (256.9 meters) of 1.3 oz/t (45.4 g/t) silver and 0.009 oz/t (0.3 g/t) gold 411.6 feet (125.5 meters) of 1.0 oz/t (33.6 g/t) silver and 0.009 oz/t (0.3 g/t) gold, and 211.4 feet (64.4 meters) of 1.2 oz/t (40.8 g/t) silver ...