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Coeur Mining Reports Continued Positive Results From Kensington’s Multi-Year Exploration Program
Recent assays highlight the potential to extend its reserve based mine life to over five years by year-end CHICAGO / Jun 27, 2024 / Business Wire / Coeur Mining
About this update from Coeur Mining, Inc.
[{"type":"text","content":"Recent assays highlight the potential to extend its reserve based mine life to over five years by year-end CHICAGO / Jun 27, 2024 / Business Wire / Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported positive results from its multi-year exploration drilling and development program at the Kensington underground gold mine in Southeast Alaska. Kensington consists of multiple deposits including the Kensington, Elmira, Raven, Johnson and numerous other prospective vein zones. In the upper area of the Kensington deposit, previously outlined zones appear to be converging into single, wider mineable areas. The newly discovered Zone 50 in lower Kensington is growing rapidly, resulting in the development of additional exploration drifts to facilitate infill drilling before year-end 2024. At the Elmira deposit, the Main and South zones have now been connected through infill drilling and expansion drilling is intersecting multiple wider zones to the south. Key Highlights1,2 Infill drilling at Elmira is confirming continuity between Elmira Main and Elmira South with notable true width intercepts including: Hole EL24-1180-095-X07 returned 10.4 feet at 1.00 ounces per ton (“oz/t”) gold (3.17 meters at 34.4 grams per tonne (“g/t”) gold) Elmira South Zone has been extended along strike by approximately 400 feet (122 m) to date with true width intercepts including: Hole EL23-1060-139-X13 returned 9.4 feet at 0.58 oz/t gold (2.9 meters at 19.7 g/t gold) Hole EL23-1180-058-X03 returned 1.6 feet at 2.32 oz/t gold (0.5 meters at 79.6 g/t gold) Upper Kensington Zones 30B and 30C appear to be merging into one mineable unit. In addition, a number of potentially new sub-parallel zones are being delineated. In addition, mineralization in the Kensington Main zone has been extended 600 feet along strike since the last press release dated September 12, 2023 and 125 feet (183 meters) down dip since the year-end 2023 reserve and resource calculations At Lower Kensington, the new Zone 50 has grown significantly along strike and down dip. Results have warranted the development of an additional exploration drift to allow expansion and infill drilling before year end 2024. Exciting results from Lower Kensington include the following true width intercepts: Hole K23-0220-147-X03 returned 29.6 feet at 0.41 oz/t gold (9.0 meters at 14.0 g/t gold) ...