Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE) announced
the addition of 25.4 million silver ounces and 376,000 gold ounces
to the proven and probable reserves at its Palmarejo mine in
Mexico, representing 89% and 76% increases, respectively, compared
to year-end 2014. Palmarejo's reserves now total 54.0 million
silver ounces and 876,000 gold ounces.
Included in these reserves are 20.1 million silver ounces and
278,000 gold ounces at the newly-acquired deposit previously named
Don Ese by Paramount Gold and Silver Corp. (now called
"Independencia Este"), which is the continuation of Coeur's
recently-discovered Independencia deposit (now called
"Independencia Oeste").
Mitchell J. Krebs, Coeur's President and Chief Executive
Officer, said, "Closing the acquisition of Paramount has further
enabled Palmarejo's transition to a high-grade, high-margin
underground operation and is an important milestone in Coeur's
strategic repositioning. These new Independencia reserves represent
a 12% increase to our companywide silver equivalent reserves and
boost our overall silver equivalent reserve grade by 10%.
Importantly, ore mined from Independencia Este is not subject to
any non-government royalty or streaming obligation, which will
further boost Palmarejo's margins and cash flow. With the
Independencia deposit as a second source of high-grade silver and
gold to supplement the rising production rates from the Guadalupe
deposit, we anticipate Palmarejo will become our lowest cost and
largest mine, contributing approximately half of Coeur's $190-$200
million of expected free cash flow in 2017.
"Palmarejo now has an expected mine life of around seven years
of high-grade underground mining based on these reserves. We expect
to further extend the mine life based on the significant amount of
mineralization contained in the resource categories and based on
the continued drilling success we are having at Guadalupe, at
Independencia, and on targets located between these two growing
deposits."
Coeur will file a National Instrument 43-101-compliant technical
report for Palmarejo on www.sedar.com during the second quarter of
2015.
Highlights (Comparisons below refer to the
addition of the Independencia resource as of April 23, 2015 to
Palmarejo's total year-end 2014 resource)
- Proven and probable silver reserves increased 89% to 54.0
million ounces
- Proven and probable gold reserves increased 76% to 876,000
ounces
- Measured and indicated silver resources decreased 19% to 21.0
million ounces
- Measured and indicated gold resources decreased 25% to 304,000
ounces
- Inferred silver resources increased 47% to 15.1 million
ounces
- Inferred gold resources increased 33% to 318,000 ounces
- Paramount acquisition adds 36.8 million silver equivalent
ounces to Palmarejo's reserves with an average grade of 10.65 AgEq
oz/ton
- Guadalupe and Independencia represent 94% of Palmarejo's total
reserves with a combined average grade of 10.05 silver equivalent
oz/ton
- 35% of Palmarejo's total reserves are not subject to any
non-government royalty or streaming obligation
Development continues on the 1,000 meter decline to
Independencia from near Palmarejo's Guadalupe underground deposit,
which was placed into production late last year and is expected to
average 1,500 tons per day of mining by September. Mining activity
is expected to begin at Independencia in early 2016 and to
accelerate to 2,000 tons per day by early 2017. Guadalupe and
Independencia have the potential to produce at a combined rate of
5,000 tons per day.
Coeur expects to expand Palmarejo's reserve base through an
approximately $15 million drilling program over the next two years,
with a focus on adding new resources at Guadalupe and upgrading the
mine's 39.2 million silver equivalent ounces of measured and
indicated resources, which have an average grade of 9.40 silver
equivalent oz/ton.
Additional high-grade mineralization was recently identified
through drilling activity close to existing infrastructure at
Guadalupe. Highlights from the latest drilling program, which began
in October 2014, are shown in the table below. All 29 holes that
have returned results identified mineralization. These results are
expected to be incorporated into year-end reserve and resource
estimates.
|
Palmarejo Mineral
Reserves and Resources by Area |
|
|
Grade
(oz/t) |
Ounces |
|
Short Tons |
Silver |
Gold |
Silver |
Gold |
Underground Reserves: |
|
|
|
|
|
Guadalupe |
5,492,000 |
4.55 |
0.082 |
24,978,000 |
453,000 |
Independencia Oeste |
1,012,000 |
5.20 |
0.097 |
5,264,000 |
98,000 |
Independencia Este |
3,456,000 |
5.82 |
0.080 |
20,129,000 |
278,000 |
Palmarejo |
412,000 |
4.54 |
0.070 |
1,870,000 |
29,000 |
Open-Pit Reserves: |
|
|
|
|
|
Palmarejo |
677,000 |
2.66 |
0.025 |
1,799,000 |
17,000 |
Total Proven and Probable
Reserves |
11,049,000 |
4.89 |
0.079 |
54,040,000 |
876,000 |
Underground M&I Resources: |
|
|
|
|
|
Guadalupe |
3,206,000 |
5.65 |
0.083 |
18,117,000 |
267,000 |
Independencia Oeste |
374,000 |
2.76 |
0.043 |
1,032,000 |
16,000 |
Independencia Este |
588,000 |
3.09 |
0.036 |
1,814,000 |
21,000 |
Total Measured and Indicated
Resources |
4,169,000 |
5.03 |
0.073 |
20,964,000 |
304,000 |
Underground Inferred Resources: |
|
|
|
|
|
Guadalupe |
1,434,000 |
5.92 |
0.149 |
8,493,000 |
214,000 |
Independencia Oeste |
231,000 |
3.13 |
0.056 |
723,000 |
13,000 |
Independencia Este |
1,271,000 |
4.27 |
0.069 |
5,421,000 |
88,000 |
Open-Pit Inferred Resources: |
|
|
|
|
|
Guadalupe |
104,000 |
4.75 |
0.029 |
494,000 |
3,000 |
Total Inferred
Resources |
3,040,000 |
4.98 |
0.105 |
15,131,000 |
318,000 |
Note: Effective December 31, 2014
except Independencia, effective April 23, 2015. Independencia Este
represents the section of Independencia formerly known as Don Ese
acquired from Paramount Gold and Silver Corp. on April 17, 2015.
Independencia Oeste represents the section of Independencia
historically owned by Coeur. See notes in the Appendix for
additional information on mineral reserves and resources.
|
|
Select Guadalupe
Resource Discovery Drill Results: October 2014 – March
2015 (not reflected in December 31, 2014 reserves
and resources) |
Mineralized
Interval (Feet) |
Hole |
From |
To |
Thickness |
Estimated True
Thickness |
Gold Assays (Oz/short
ton) |
Silver Assays (Oz/short
ton) |
Guadalupe Center |
|
DC3-GC-0001 |
1304.8 |
1315.3 |
10.5 |
8.8 |
0.264 |
19.528 |
DC3-GC-0002 |
1466.0 |
1503.3 |
37.2 |
35.0 |
0.062 |
4.939 |
DC3-GC-0002 |
1505.4 |
1523.8 |
18.4 |
17.3 |
0.157 |
5.806 |
DC3-GC-0003 |
1192.9 |
1215.6 |
22.6 |
21.8 |
0.077 |
6.561 |
DC3-GC-0007 |
1479.0 |
1486.2 |
7.2 |
5.9 |
0.400 |
20.685 |
DC3-GC-0016 |
1138.6 |
1165.5 |
26.9 |
24.4 |
0.034 |
5.378 |
DC3-GC-0017 |
1368.1 |
1397.6 |
29.5 |
26.8 |
0.041 |
6.208 |
DC3-GC-0017 |
1615.0 |
1643.4 |
28.4 |
25.7 |
0.110 |
5.424 |
DC3-GC-0020 |
1418.3 |
1440.3 |
22.0 |
19.4 |
0.099 |
16.916 |
DC3-GC-0020 |
1517.1 |
1534.4 |
17.4 |
15.4 |
0.053 |
6.091 |
DC3-GC-0021 |
1558.4 |
1576.8 |
18.4 |
15.4 |
0.250 |
20.087 |
DC3-GC-0024 |
1128.0 |
1141.6 |
13.6 |
12.9 |
0.059 |
6.031 |
DC3-GC-0025 |
1106.5 |
1132.2 |
25.8 |
24.0 |
0.090 |
5.319 |
DC3-GC-0026 |
1451.3 |
1470.8 |
19.5 |
16.9 |
0.389 |
34.130 |
DC3-GC-0026 |
1487.0 |
1519.0 |
32.0 |
27.7 |
0.060 |
5.096 |
DC3-GC-0026 |
1633.9 |
1658.3 |
24.4 |
21.2 |
0.063 |
4.495 |
DC3-GC-0028 |
1548.6 |
1559.1 |
10.6 |
8.8 |
0.209 |
17.179 |
DC3-GC-0028 |
1619.6 |
1642.3 |
22.7 |
18.8 |
0.556 |
27.279 |
About Coeur
Coeur Mining is the largest U.S.-based silver producer and a
significant gold producer with five precious metals mines in the
Americas employing approximately 2,100 people. Coeur produces from
its wholly owned operations: the Palmarejo silver-gold mine in
Mexico, the San Bartolomé silver mine in Bolivia, the Rochester
silver-gold mine in Nevada, the Kensington gold mine in Alaska, and
the Wharf gold mine in South Dakota. The Company also has a
non-operating interest in the Endeavor mine in Australia in
addition to royalties on the Cerro Bayo mine in Chile, the El Gallo
complex in Mexico, the Zaruma mine in Ecuador, and the Correnso
mine in New Zealand. In addition, the Company has two silver-gold
exploration projects - the La Preciosa project in Mexico and the
Joaquin project in Argentina. The Company also conducts ongoing
exploration activities in Alaska, Argentina, Bolivia, Mexico, and
Nevada. The Company owns strategic investment positions in several
silver and gold development companies with projects in North and
South America.
Cautionary Statement
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada,
including statements regarding mine life, mining rates, future
drilling activity, production, costs, cash flow, margins, grade,
development efforts, Palmarejo's transition to an underground
operation, strategic repositioning, and the ability to increase
reserves. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause Coeur's
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, the risk that the anticipated
benefits of the Paramount Gold & Silver Corp. acquisition will
not be realized, the risks and hazards inherent in the mining
business (including risks inherent in developing large-scale mining
projects, environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of
gold and silver and a sustained lower price environment, the
uncertainties inherent in Coeur's production, exploratory and
developmental activities, including risks relating to permitting
and regulatory delays, ground conditions, grade variability, any
future labor disputes or work stoppages (including those involving
third parties), the uncertainties inherent in the estimation of
gold and silver ore reserves, changes that could result from
Coeur's future acquisition of new mining properties or businesses,
reliance on third parties to operate certain mines where Coeur owns
silver production and reserves and the absence of control over
mining operations in which Coeur or its subsidiaries hold royalty
or streaming interests and risks related to these mining operations
including results of mining and exploration activities,
environmental, economic and political risks of the jurisdiction in
which the mining operations are located, the loss of any
third-party smelter to which Coeur markets silver and gold, the
effects of environmental and other governmental regulations, the
risks inherent in the ownership or operation of or investment in
mining properties or businesses in foreign countries, Coeur's
ability to raise additional financing necessary to conduct its
business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to
time with the United States Securities and Exchange Commission, and
the Canadian securities regulators, including, without limitation,
Coeur's most recent report on Form 10-K. Actual results,
developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. Coeur disclaims any intent
or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities.
W. David Tyler, Coeur's Vice President, Technical Services and a
qualified person under Canadian National Instrument 43-101,
supervised the preparation of the scientific and technical
information concerning Coeur's mineral projects in this news
release. Mineral resources are in addition to mineral reserves and
do not have demonstrated economic viability. Inferred mineral
resources are considered too speculative geologically to have the
economic considerations applied to them that would enable them to
be considered for estimation of mineral reserves, and there is no
certainty that the inferred mineral resources will be realized. For
a description of the key assumptions, parameters and methods used
to estimate mineral reserves and resources, as well as data
verification procedures and a general discussion of the extent to
which the estimates may be affected by any known environmental,
permitting, legal, title, taxation, socio-political, marketing or
other relevant factors, Canadian investors should refer to the
relevant NI 43-101-compliant Technical Report on file at
www.sedar.com and the Technical Report for Palmarejo which will be
filed at www.sedar.com during the second quarter of 2015.
Cautionary Note to U.S. Investors - The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We may
use certain terms in public disclosures, such as "measured,"
"indicated," "inferred" and "resources," that are recognized by
Canadian regulations, but that SEC guidelines generally prohibit
U.S. registered companies from including in their filings with the
SEC. U.S. investors are urged to consider closely the disclosure in
our Form 10-K which may be secured from us, or from the SEC's
website at www.sec.gov.
Silver equivalence assumes 60:1 silver to gold ratio as
follows:
Gold Ounces |
x |
Ratio |
+ |
Silver Ounces |
= |
Silver Equivalent
Ounces |
/ |
Short Tons |
= |
Silver Equivalent
Grade |
278,000 |
|
60:1 |
|
20,129,000 |
|
36,809,000 |
|
3,456,000 |
|
10.65 |
829,000 |
|
60:1 |
|
50,371,000 |
|
100,111,000 |
|
9,960,000 |
|
10.05 |
304,000 |
|
60:1 |
|
20,964,000 |
|
39,204,000 |
|
4,169,000 |
|
9.40 |
|
APPENDIX |
Total Coeur Proven and
Probable Reserves |
|
|
Grade
(Oz/Ton) |
Ounces |
|
Short Tons |
Silver |
Gold |
Silver |
Gold |
Proven Reserves |
|
|
|
|
|
Rochester |
89,077,000 |
0.56 |
0.004 |
49,786,000 |
346,000 |
San Bartolomé |
1,206,000 |
2.73 |
— |
3,287,000 |
— |
Kensington |
417,000 |
— |
0.187 |
— |
78,000 |
Endeavor |
1,323,000 |
1.82 |
— |
2,411,000 |
— |
Palmarejo |
1,942,000 |
4.77 |
0.059 |
9,254,000 |
114,000 |
La Preciosa |
18,830,000 |
3.16 |
0.006 |
59,534,000 |
111,000 |
Total Proven
Reserves |
112,795,000 |
1.10 |
0.006 |
124,272,000 |
649,000 |
Probable Reserves |
|
|
|
|
|
Rochester |
56,158,000 |
0.54 |
0.003 |
30,418,000 |
172,000 |
San Bartolomé |
13,337,000 |
3.20 |
— |
42,724,000 |
— |
Kensington |
2,986,000 |
— |
0.185 |
— |
551,000 |
Endeavor |
1,102,000 |
2.24 |
— |
2,469,000 |
— |
Palmarejo |
9,107,000 |
4.92 |
0.084 |
44,786,000 |
761,000 |
La Preciosa |
21,851,000 |
2.71 |
0.004 |
59,196,000 |
91,000 |
Total Probable
Reserves |
104,541,000 |
1.72 |
0.015 |
179,593,000 |
1,575,000 |
Proven and Probable
Reserves |
|
|
|
|
|
Rochester |
145,235,000 |
0.55 |
0.004 |
80,204,000 |
518,000 |
San Bartolomé |
14,543,000 |
3.16 |
— |
46,011,000 |
— |
Kensington |
3,403,000 |
— |
0.185 |
— |
629,000 |
Endeavor |
2,425,000 |
2.01 |
— |
4,880,000 |
— |
Palmarejo |
11,049,000 |
4.89 |
0.079 |
54,040,000 |
876,000 |
La Preciosa |
40,681,000 |
2.92 |
0.005 |
118,730,000 |
202,000 |
Total Proven
and Probable Reserves |
217,336,000 |
1.40 |
0.010 |
303,865,000 |
2,225,000 |
|
|
|
|
|
|
Total Coeur Measured and
Indicated Resources (Excluding Proven and Probable
Reserves) |
|
|
Grade
(Oz/Ton) |
Ounces |
|
Short Tons |
Silver |
Gold |
Silver |
Gold |
Measured Resources |
|
|
|
|
|
Rochester |
72,228,000 |
0.45 |
0.003 |
32,565,000 |
218,000 |
Martha |
— |
— |
— |
— |
— |
San Bartolomé |
— |
— |
— |
— |
— |
Kensington |
181,000 |
— |
0.260 |
— |
47,000 |
Endeavor |
7,716,000 |
2.28 |
— |
17,625,000 |
— |
Palmarejo |
184,000 |
3.16 |
0.033 |
582,000 |
6,000 |
Joaquin |
4,709,000 |
5.30 |
0.003 |
24,966,000 |
15,000 |
La Preciosa |
2,305,000 |
1.40 |
0.003 |
3,216,000 |
7,000 |
Total Measured
Resources |
87,323,000 |
0.90 |
0.003 |
78,954,000 |
293,000 |
Indicated Resources |
|
|
|
|
|
Rochester |
100,973,000 |
0.42 |
0.003 |
42,476,000 |
273,000 |
Martha |
57,000 |
13.60 |
0.018 |
775,000 |
1,000 |
San Bartolomé |
7,033,000 |
1.91 |
— |
13,445,000 |
— |
Kensington |
1,385,000 |
— |
0.242 |
— |
335,000 |
Endeavor |
5,181,000 |
2.39 |
— |
12,375,000 |
— |
Palmarejo |
3,985,000 |
5.11 |
0.075 |
20,381,000 |
298,000 |
Joaquin |
6,842,000 |
4.25 |
0.004 |
29,110,000 |
25,000 |
Lejano |
631,000 |
3.09 |
0.011 |
1,952,000 |
7,000 |
La Preciosa |
4,808,000 |
1.74 |
0.004 |
8,389,000 |
17,000 |
Total Indicated
Resources |
130,895,000 |
0.98 |
0.007 |
128,903,000 |
956,000 |
Measured and Indicated
Resources |
|
|
|
|
|
Rochester |
173,201,000 |
0.43 |
0.003 |
75,041,000 |
491,000 |
Martha |
57,000 |
13.60 |
0.018 |
775,000 |
1,000 |
San Bartolomé |
7,033,000 |
1.91 |
— |
13,445,000 |
— |
Kensington |
1,566,000 |
— |
0.244 |
— |
382,000 |
Endeavor |
12,897,000 |
2.33 |
— |
30,000,000 |
— |
Palmarejo |
4,169,000 |
5.03 |
0.073 |
20,964,000 |
304,000 |
Joaquin |
11,551,000 |
4.68 |
0.003 |
54,076,000 |
40,000 |
Lejano |
631,000 |
3.09 |
0.011 |
1,952,000 |
7,000 |
La Preciosa |
7,114,000 |
1.63 |
0.003 |
11,605,000 |
24,000 |
Total Measured and Indicated
Resources |
218,219,000 |
0.95 |
0.006 |
207,858,000 |
1,249,000 |
|
|
|
|
|
|
Total Coeur Inferred
Resources |
|
|
Grade
(Oz/Ton) |
Ounces |
|
Short Tons |
Silver |
Gold |
Silver |
Gold |
Inferred Resources |
|
|
|
|
|
Rochester |
96,039,000 |
0.42 |
0.003 |
40,789,000 |
263,000 |
Martha |
204,000 |
4.75 |
0.005 |
969,000 |
1,000 |
San Bartolomé |
66,000 |
1.68 |
— |
111,000 |
— |
Kensington |
1,622,000 |
— |
0.351 |
— |
570,000 |
Endeavor |
661,000 |
3.18 |
— |
2,103,000 |
— |
Palmarejo |
3,040,000 |
4.98 |
0.105 |
15,131,000 |
318,000 |
Joaquin |
720,000 |
3.99 |
0.003 |
2,873,000 |
2,000 |
Lejano |
702,000 |
2.81 |
0.010 |
1,972,000 |
7,000 |
La Preciosa |
1,344,000 |
1.98 |
0.004 |
2,657,000 |
5,000 |
Total Inferred
Resources |
104,398,000 |
0.64 |
0.011 |
66,605,000 |
1,166,000 |
Notes to the above mineral reserves and resources:
- Effective December 31, 2014 except the Independencia deposit at
Palmarejo, effective April 23, 2015, and Endeavor, effective June
30, 2014. Guadalupe reserves and resources adjusted April 23,
2015.
- Assumed metal prices for estimated mineral reserves were $19.00
per ounce of silver and $1,275 per ounce of gold, except Endeavor,
at $2,200 per metric ton of lead, $2,400 per metric ton of zinc,
and $20.00 per ounce of silver. Assumed metal prices for mineral
resources were $22.00 per ounce of silver and $1,350 per ounce of
gold, except for Endeavor, at $2,200 per metric ton of lead, $2,400
per metric ton of zinc and $20.00 per ounce of silver.
- Palmarejo mineral reserves and resources are the addition of
Palmarejo, Guadalupe, and Independencia deposits (measured,
indicated, and inferred). There are no mineral reserves and
resources for La Patria. Mineral resources are in addition to
mineral reserves and do not have demonstrated economic viability.
Inferred mineral resources are considered too speculative
geologically to have the economic considerations applied to them
that would enable them to be considered for estimation of mineral
reserves, and there is no certainty that the inferred mineral
resources will be realized.
- Rounding of tons and ounces, as required by reporting
guidelines, may result in apparent differences between tons, grade,
and contained metal content.
- For details on the estimation of mineral resources and
reserves, including the key assumptions, parameters and methods
used to estimate the mineral resources and reserves, Canadian
investors should refer to the NI 43-101-compliant Technical Report
for Coeur's properties on file at www.sedar.com and the Technical
Report for Palmarejo to be filed at www.sedar.com during the second
quarter of 2015.
Conversion
Table |
1 short ton |
= |
0.907185 metric tons |
1 troy ounce |
= |
31.10348 grams |
|
Guadalupe Resource
Discovery Drill Results: October 2014 – March 2015 |
Mineralized
Interval (Feet) |
Hole |
From |
To |
Thickness |
Estimated True
Thickness |
Gold Assays (Oz/short
ton) |
Silver Assays (Oz/short
ton) |
Guadalupe Center |
|
|
|
|
DC3-GC-0001 |
1304.8 |
1315.3 |
10.5 |
8.8 |
0.264 |
19.528 |
DC3-GC-0001 |
1329.4 |
1330.9 |
1.5 |
1.2 |
0.088 |
4.198 |
DC3-GC-0001 |
1363.0 |
1381.7 |
18.7 |
15.7 |
0.068 |
4.534 |
DC3-GC-0001 |
1437.0 |
1446.9 |
9.8 |
8.3 |
0.088 |
1.440 |
DC3-GC-0002 |
1436.4 |
1441.4 |
5.1 |
4.8 |
0.052 |
3.964 |
DC3-GC-0002 |
1466.0 |
1503.3 |
37.2 |
35.0 |
0.062 |
4.939 |
DC3-GC-0002 |
1505.4 |
1523.8 |
18.4 |
17.3 |
0.157 |
5.806 |
DC3-GC-0002 |
1525.6 |
1528.2 |
2.6 |
2.5 |
0.031 |
1.983 |
DC3-GC-0002 |
1539.7 |
1542.0 |
2.3 |
2.2 |
0.085 |
4.840 |
DC3-GC-0003 |
1192.9 |
1215.6 |
22.6 |
21.8 |
0.077 |
6.561 |
DC3-GC-0004 |
1376.3 |
1379.9 |
3.6 |
2.9 |
0.046 |
1.837 |
DC3-GC-0004 |
1415.4 |
1427.8 |
12.5 |
10.1 |
0.104 |
4.795 |
DC3-GC-0004 |
1511.2 |
1513.8 |
2.6 |
2.1 |
0.038 |
1.429 |
DC3-GC-0004 |
1558.6 |
1569.6 |
11.0 |
8.9 |
0.061 |
1.382 |
DC3-GC-0005 |
1626.1 |
1653.1 |
26.9 |
22.6 |
0.156 |
3.868 |
DC3-GC-0005 |
1704.9 |
1725.4 |
20.5 |
17.2 |
0.053 |
2.046 |
DC3-GC-0005 |
1740.0 |
1743.3 |
3.3 |
2.8 |
0.027 |
1.603 |
DC3-GC-0006 |
1377.0 |
1378.4 |
1.5 |
1.1 |
0.028 |
4.577 |
DC3-GC-0007 |
1350.9 |
1354.2 |
3.3 |
2.7 |
0.038 |
4.431 |
DC3-GC-0007 |
1430.1 |
1433.9 |
3.8 |
3.1 |
0.104 |
3.353 |
DC3-GC-0007 |
1479.0 |
1486.2 |
7.2 |
5.9 |
0.400 |
20.685 |
DC3-GC-0007 |
1501.5 |
1525.6 |
24.1 |
19.8 |
0.047 |
1.995 |
DC3-GC-0008 |
1448.5 |
1456.7 |
8.2 |
5.8 |
0.126 |
0.396 |
DC3-GC-0008 |
1689.6 |
1696.4 |
6.7 |
4.8 |
0.180 |
1.766 |
DC3-GC-0009 |
1522.3 |
1525.6 |
3.3 |
2.5 |
0.217 |
0.233 |
DC3-GC-0009 |
1534.8 |
1536.1 |
1.3 |
1.0 |
0.046 |
2.245 |
DC3-GC-0009 |
1565.0 |
1592.7 |
27.7 |
21.5 |
0.141 |
2.239 |
DC3-GC-0009 |
1615.5 |
1619.1 |
3.6 |
2.8 |
0.045 |
2.128 |
DC3-GC-0010 |
1524.4 |
1529.2 |
4.8 |
3.5 |
0.198 |
6.726 |
DC3-GC-0010 |
1560.0 |
1560.7 |
0.7 |
0.5 |
0.028 |
1.633 |
DC3-GC-0011 |
1188.0 |
1189.5 |
1.5 |
1.4 |
0.031 |
2.041 |
DC3-GC-0011 |
1211.9 |
1218.3 |
6.4 |
6.1 |
0.049 |
2.245 |
DC3-GC-0011 |
1250.8 |
1274.6 |
23.8 |
22.6 |
0.091 |
2.572 |
DC3-GC-0012 |
1344.3 |
1346.8 |
2.5 |
2.0 |
0.053 |
5.073 |
DC3-GC-0012 |
1378.6 |
1382.2 |
3.6 |
3.0 |
0.035 |
2.070 |
DC3-GC-0012 |
1399.0 |
1400.4 |
1.5 |
1.2 |
0.065 |
3.673 |
DC3-GC-0012 |
1412.1 |
1413.2 |
1.1 |
0.9 |
0.062 |
3.557 |
DC3-GC-0012 |
1457.5 |
1464.4 |
6.9 |
5.6 |
0.337 |
9.261 |
DC3-GC-0012 |
1466.9 |
1469.5 |
2.6 |
2.2 |
0.103 |
2.507 |
DC3-GC-0012 |
1482.4 |
1507.7 |
25.3 |
20.7 |
0.064 |
1.372 |
DC3-GC-0013 |
1246.9 |
1250.3 |
3.4 |
3.3 |
0.059 |
4.694 |
DC3-GC-0014 |
1451.3 |
1453.9 |
2.6 |
1.8 |
0.044 |
0.729 |
DC3-GC-0014 |
1647.1 |
1650.1 |
3.0 |
2.0 |
0.031 |
1.312 |
DC3-GC-0014 |
1667.5 |
1669.1 |
1.6 |
1.1 |
0.052 |
1.866 |
DC3-GC-0015 |
1198.7 |
1202.3 |
3.6 |
3.5 |
0.019 |
2.012 |
DC3-GC-0015 |
1228.3 |
1241.6 |
13.3 |
12.8 |
0.067 |
3.894 |
DC3-GC-0016 |
1046.4 |
1047.4 |
1.0 |
0.9 |
0.094 |
5.598 |
DC3-GC-0016 |
1084.6 |
1092.5 |
7.9 |
7.1 |
0.022 |
5.394 |
DC3-GC-0016 |
1138.6 |
1165.5 |
26.9 |
24.4 |
0.034 |
5.378 |
DC3-GC-0017 |
1368.1 |
1397.6 |
29.5 |
26.8 |
0.041 |
6.208 |
DC3-GC-0017 |
1460.0 |
1496.1 |
36.1 |
32.7 |
0.025 |
2.455 |
DC3-GC-0017 |
1510.8 |
1513.6 |
2.8 |
2.5 |
0.018 |
2.653 |
DC3-GC-0017 |
1523.1 |
1526.7 |
3.6 |
3.3 |
0.023 |
3.324 |
DC3-GC-0017 |
1594.8 |
1600.4 |
5.6 |
5.1 |
0.031 |
1.662 |
DC3-GC-0017 |
1615.0 |
1643.4 |
28.4 |
25.7 |
0.110 |
5.424 |
DC3-GC-0018 |
1092.5 |
1094.7 |
2.1 |
2.0 |
0.037 |
5.685 |
DC3-GC-0018 |
1112.2 |
1132.7 |
20.5 |
19.3 |
0.036 |
3.900 |
DC3-GC-0019 |
1285.3 |
1294.6 |
9.4 |
7.1 |
0.052 |
5.533 |
DC3-GC-0019 |
1417.3 |
1432.3 |
14.9 |
11.3 |
0.048 |
1.956 |
DC3-GC-0019 |
1483.9 |
1489.5 |
5.6 |
4.2 |
0.050 |
4.022 |
DC3-GC-0020 |
1379.8 |
1389.3 |
9.5 |
8.4 |
0.022 |
2.548 |
DC3-GC-0020 |
1397.6 |
1403.2 |
5.6 |
4.9 |
0.045 |
6.035 |
DC3-GC-0020 |
1418.3 |
1440.3 |
22.0 |
19.4 |
0.099 |
16.916 |
DC3-GC-0020 |
1517.1 |
1534.4 |
17.4 |
15.4 |
0.053 |
6.091 |
DC3-GC-0020 |
1540.5 |
1543.6 |
3.1 |
2.8 |
0.023 |
2.216 |
DC3-GC-0020 |
1548.6 |
1552.0 |
3.4 |
3.0 |
0.061 |
6.880 |
DC3-GC-0020 |
1565.0 |
1576.3 |
11.3 |
10.0 |
0.052 |
7.160 |
DC3-GC-0020 |
1609.3 |
1614.5 |
5.2 |
4.6 |
0.039 |
2.099 |
DC3-GC-0020 |
1681.4 |
1691.9 |
10.5 |
9.3 |
0.034 |
2.254 |
DC3-GC-0020 |
1701.9 |
1706.4 |
4.4 |
3.9 |
0.026 |
1.652 |
DC3-GC-0021 |
1417.3 |
1427.2 |
9.8 |
8.3 |
0.057 |
6.271 |
DC3-GC-0021 |
1470.8 |
1472.8 |
2.0 |
1.7 |
0.020 |
2.099 |
DC3-GC-0021 |
1485.9 |
1488.4 |
2.5 |
2.1 |
0.021 |
2.362 |
DC3-GC-0021 |
1504.9 |
1507.9 |
3.0 |
2.5 |
0.020 |
2.332 |
DC3-GC-0021 |
1518.0 |
1519.8 |
1.8 |
1.5 |
0.045 |
5.510 |
DC3-GC-0021 |
1528.5 |
1531.8 |
3.3 |
2.8 |
0.026 |
2.128 |
DC3-GC-0021 |
1547.1 |
1555.0 |
7.9 |
6.6 |
0.033 |
3.091 |
DC3-GC-0021 |
1558.4 |
1576.8 |
18.4 |
15.4 |
0.250 |
20.087 |
DC3-GC-0021 |
1593.7 |
1609.1 |
15.4 |
12.9 |
0.056 |
2.618 |
DC3-GC-0021 |
1738.7 |
1744.3 |
5.6 |
4.7 |
0.038 |
2.533 |
DC3-GC-0021 |
1770.0 |
1771.7 |
1.6 |
1.4 |
0.036 |
3.120 |
DC3-GC-0021 |
1789.0 |
1792.2 |
3.1 |
2.6 |
0.034 |
1.283 |
DC3-GC-0021 |
1792.2 |
1794.6 |
2.5 |
2.1 |
0.030 |
2.478 |
DC3-GC-0022 |
1469.2 |
1476.4 |
7.2 |
4.9 |
0.062 |
0.819 |
DC3-GC-0022 |
1484.6 |
1487.5 |
3.0 |
2.0 |
0.213 |
1.778 |
DC3-GC-0022 |
1509.0 |
1513.8 |
4.8 |
3.2 |
0.014 |
3.848 |
DC3-GC-0022 |
1627.0 |
1632.2 |
5.2 |
3.6 |
0.356 |
14.111 |
DC3-GC-0022 |
1632.2 |
1647.3 |
15.1 |
10.3 |
0.081 |
1.588 |
DC3-GC-0023 |
1385.7 |
1387.3 |
1.6 |
1.5 |
0.026 |
3.907 |
DC3-GC-0023 |
1394.4 |
1404.7 |
10.3 |
9.3 |
0.062 |
2.719 |
DC3-GC-0023 |
1409.8 |
1413.5 |
3.8 |
3.4 |
0.050 |
6.939 |
DC3-GC-0023 |
1464.2 |
1467.0 |
2.8 |
2.5 |
0.076 |
8.601 |
DC3-GC-0023 |
1567.3 |
1570.9 |
3.6 |
3.2 |
0.040 |
2.886 |
DC3-GC-0023 |
1634.5 |
1653.5 |
19.0 |
17.1 |
0.042 |
2.383 |
DC3-GC-0023 |
1661.6 |
1664.7 |
3.1 |
2.8 |
0.107 |
3.528 |
DC3-GC-0024 |
1105.3 |
1108.3 |
3.0 |
2.8 |
0.024 |
2.741 |
DC3-GC-0024 |
1128.0 |
1141.6 |
13.6 |
12.9 |
0.059 |
6.031 |
DC3-GC-0025 |
1106.5 |
1132.2 |
25.8 |
24.0 |
0.090 |
5.319 |
DC3-GC-0025 |
1163.1 |
1164.7 |
1.6 |
1.5 |
0.105 |
9.388 |
DC3-GC-0025 |
1211.0 |
1213.9 |
3.0 |
2.8 |
0.091 |
3.265 |
DC3-GC-0025 |
1273.5 |
1274.9 |
1.5 |
1.4 |
0.034 |
3.703 |
DC3-GC-0025 |
1352.4 |
1354.0 |
1.6 |
1.5 |
0.043 |
1.720 |
DC3-GC-0025 |
1358.3 |
1364.8 |
6.6 |
6.1 |
0.030 |
3.207 |
DC3-GC-0026 |
1405.5 |
1416.7 |
11.2 |
9.7 |
0.025 |
2.190 |
DC3-GC-0026 |
1451.3 |
1470.8 |
19.5 |
16.9 |
0.389 |
34.130 |
DC3-GC-0026 |
1487.0 |
1519.0 |
32.0 |
27.7 |
0.060 |
5.096 |
DC3-GC-0026 |
1531.3 |
1536.4 |
5.1 |
4.4 |
0.119 |
12.362 |
DC3-GC-0026 |
1588.9 |
1591.5 |
2.6 |
2.3 |
0.036 |
3.236 |
DC3-GC-0026 |
1633.9 |
1658.3 |
24.4 |
21.2 |
0.063 |
4.495 |
DC3-GC-0026 |
1686.5 |
1694.6 |
8.0 |
7.0 |
1.947 |
0.033 |
DC3-GC-0026 |
1700.6 |
1702.8 |
2.1 |
1.8 |
0.049 |
3.178 |
DC3-GC-0026 |
1712.3 |
1728.3 |
16.1 |
13.9 |
0.062 |
2.707 |
DC3-GC-0027 |
1106.0 |
1112.9 |
6.9 |
6.4 |
0.050 |
2.270 |
DC3-GC-0027 |
1127.3 |
1131.6 |
4.3 |
4.0 |
0.018 |
2.362 |
DC3-GC-0027 |
1140.7 |
1145.0 |
4.3 |
4.0 |
0.024 |
3.178 |
DC3-GC-0027 |
1156.2 |
1158.6 |
2.5 |
2.3 |
0.036 |
4.490 |
DC3-GC-0027 |
1210.6 |
1218.0 |
7.4 |
6.9 |
0.035 |
2.181 |
DC3-GC-0027 |
1230.3 |
1244.4 |
14.1 |
13.2 |
0.042 |
1.889 |
DC3-GC-0027 |
1249.5 |
1253.6 |
4.1 |
3.8 |
0.071 |
2.741 |
DC3-GC-0027 |
1257.4 |
1262.1 |
4.8 |
4.4 |
0.047 |
3.936 |
DC3-GC-0028 |
1445.2 |
1449.3 |
4.1 |
3.4 |
0.069 |
4.665 |
DC3-GC-0028 |
1478.9 |
1481.0 |
2.0 |
1.7 |
0.181 |
18.805 |
DC3-GC-0028 |
1548.6 |
1559.1 |
10.6 |
8.8 |
0.209 |
17.179 |
DC3-GC-0028 |
1593.6 |
1594.8 |
1.2 |
1.0 |
0.098 |
9.009 |
DC3-GC-0028 |
1604.0 |
1608.1 |
4.2 |
3.5 |
0.089 |
8.834 |
DC3-GC-0028 |
1619.6 |
1642.3 |
22.7 |
18.8 |
0.556 |
27.279 |
DC3-GC-0028 |
1664.0 |
1670.4 |
6.4 |
5.3 |
0.030 |
1.633 |
DC3-GC-0028 |
1766.7 |
1772.9 |
6.1 |
5.1 |
0.046 |
1.224 |
DC3-GC-0029 |
1374.2 |
1381.2 |
7.1 |
5.8 |
0.066 |
8.251 |
DC3-GC-0029 |
1543.0 |
1545.3 |
2.3 |
1.9 |
0.032 |
2.216 |
DC3-GC-0029 |
1692.3 |
1700.5 |
8.2 |
6.7 |
0.062 |
0.463 |
Notes to the above drill results:
- Drill intercepts full and half HQ and NQ core for infill holes,
samples prepared at Guadalupe Mine, Guadalupe, CHI, and at
ALS-Chemex Labs, Chihuahua, CHI with final sample preparation to
pulp and analyses at ALS-Chemex Labs, Chihuahua, CHI.
- Samples were analyzed by 30 gram fire assay with atomic
absorption finish for Au <1 ppm or by 1000 gram Metallic
Screen.
- Drill intercepts calculated at 0.05 oz/ton Au. Maximum of 5
feet of internal dilution (less than cutoff) permitted in
compositing. "Including" calculated at 0.15 cut-off grade.
- All assays uncapped.
- Assays not yet received for holes DC3-CG-0030 through
0036.
CONTACT: For Additional Information:
Bridget Freas, Director, Investor Relations
(312) 489-5819
Donna Mirandola, Director, Corporate Communications
(312) 489-5842
www.coeur.com
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