Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE:CDE) announced
the discovery of new high-grade silver-gold mineralization at the
Palmarejo Complex in Mexico, including at Guadalupe, at
Independencia, and at the Nación and Los Bancos zones, which are
located in the 800 meter wide corridor between Guadalupe and
Independencia. The latest drill results at Guadalupe demonstrate
the highest grades and widest intercepts observed to date and
compare favorably to the current average silver and gold reserve
grades of 4.90 oz/t and 0.075 oz/t, respectively, at Palmarejo.
The results from the newly-discovered Nación
zone are located approximately 300 meters south of existing
Independencia underground development and approximately 500 meters
east of Guadalupe, with grade, thickness, and host rock similar to
Independencia. The results at Los Bancos are concentrated in an
area approximately 250-750 meters north of the twin declines
currently being driven from Guadalupe to Independencia.
Guadalupe Infill Drilling
Highlights1:
- Hole DC3-GC-0030: 22.6 feet averaging 6.46 oz/t of silver and
0.12 oz/t of gold
- Hole DC3-GC-0033: 12.7 feet averaging 11.98 oz/t of silver and
0.13 oz/t of gold
- Hole DC3-GC-0035: 22.1 feet averaging 5.76 oz/t of silver and
0.12 oz/t of gold
- Hole DC3-GC-0037: 28.54 feet averaging 36.23 oz/t of silver and
0.62 oz/t of gold, including 3.61 feet averaging 212.1 oz/t silver
and 3.44 oz/t gold
Independencia Oeste Step-Out Drilling
Highlights1:
- Hole DC3-IND-0001: 21.5 feet averaging 22.3 oz/t of silver and
0.31 oz/t of gold, including 3.3 feet averaging 58.0 oz/t silver
and 0.88 oz/t gold
Nación Step-Out Drilling
Highlights1:
- Hole LBDH_083: 30 feet averaging 11.5 oz/ton of silver and 0.16
oz/t of gold, including 16.2 feet averaging 18.3 oz/t of silver and
0.30 oz/t of gold
- Hole LBDH_080: 17.4 feet averaging 15.7 oz/t of silver and 0.13
oz/t of gold, including 6.8 feet averaging 25.9 oz/t of silver and
0.26 oz/t of gold
- Hole LBDH_050: 31.4 feet averaging 5.6 oz/t of silver and 0.17
oz/t of gold, including 8.7 feet averaging 13.9 oz/t of silver and
0.47 oz/t of gold
Los Bancos Step-Out Drilling
Highlights1:
- Hole LBDH_058: 37.8 feet averaging 7.2 oz/t of silver and 0.03
oz/t of gold, including 8.8 feet averaging 13.0 oz/t of silver and
0.07 oz/t of gold
- Hole LBDH_047: 26.0 feet averaging 4.5 oz/t of silver and 0.02
oz/t of gold, including 3.4 feet averaging 13.6 oz/t of silver and
0.06 oz/t of gold
“These high-grade discoveries are the result of
a focused program to map and drill known mineralized structures
along a structural corridor between the Guadalupe mine and the
Independencia deposit,” said Hans Rasmussen, Coeur’s Vice President
of Exploration. “As we have found with Independencia, silver-gold
mineralization at Nación and Los Bancos is concentrated within a
200-300 meter vertical elevation. We are optimistic that our new
geologic models and discoveries along with the assimilation of the
new geologic team from our acquisition of Paramount Gold and Silver
Corp. in April will contribute to the discovery of further
high-grade veins both within the corridor and along extensions of
known deposits like Independencia and Guadalupe.”
Frank Hanagarne, Coeur’s Senior Vice President
and Chief Operating Officer, said, “The high-grade results from
deeper portions of Guadalupe are located below existing development
and represent an excellent near-term opportunity to further enhance
the grade and cost profile of the operation. The new Nación
discovery as well as Los Bancos have the potential to become
additional sources of nearby, high-grade ore in 2017 and beyond
assuming continued drilling success, resource modeling, and applied
mine engineering.”
Guadalupe:
Deeper portions of the center of Guadalupe in
areas referred to as Blocks C and D demonstrate the highest grades
and the widest intercepts observed at Guadalupe to date, with the
deepest drilling currently at Hole 37 in the central portion of
Block C.
Guadalupe remains open at depth along the entire
length of the deposit. Underground drifts are currently being
developed to allow for additional drilling planned for early 2016
in a targeted effort to convert existing, high-grade resources to
reserves and to grow the size of the resource at depth.
Independencia:
Coeur completed five surface drill holes at
Independencia in July - September 2015 with the aim of upgrading
the resource and growing the size of the deposit. This includes two
drill holes at Independencia Este, which is not subject to the gold
stream agreement with Franco-Nevada. Deeper drilling from
underground in Independencia Oeste is planned for 2016.
Nación and Los Bancos:
Coeur also expects to complete a new resource
estimate to incorporate the drill results at Nación and Los Bancos
by the third quarter of 2016 with infill drilling along strike
planned for 2016 to focus on both resource conversion and on
expanding the size of the deposit. Nación currently extends 450
meters in length and remains open to the north and south along
strike. Detailed drilling conducted at Los Bancos extends 200
meters in length. The structure remains open to the south along
strike where it was cut by the Independencia tunnel.
Other:
Additional veins have also been identified for
drill testing between the Independencia deposit and Guadalupe mine
as well as east of Independencia Este. These include the La Bavisa
vein where limited drilling conducted by Paramount Gold and Silver
Corp. returned 40.0 feet of drilling thickness averaging 6.59 oz/t
of silver and 0.04 oz/t of gold.
Given recent positive exploration results,
Coeur’s 2016 exploration program in the Palmarejo Complex is
anticipated to be about $5 million for expensed drilling and $4
million for capitalized drilling.
| Palmarejo Mineral Reserves and Resources by
Area |
| |
|
Grade (oz/t) |
|
Ounces |
|
|
Short Tons |
Silver |
Gold |
|
Silver |
Gold |
| Underground Reserves: |
|
|
|
|
|
|
| Guadalupe |
5,005,000 |
4.49 |
0.071 |
|
22,456,000 |
353,000 |
| Independencia Oeste |
946,000 |
5.16 |
0.096 |
|
4,882,000 |
91,000 |
| Independencia Este |
3,259,000 |
5.53 |
0.078 |
|
18,026,000 |
255,000 |
| Palmarejo |
64,000 |
4.50 |
0.063 |
|
288,000 |
4,000 |
| Open-Pit Reserves: |
|
|
|
|
|
|
| Palmarejo |
170,000 |
3.58 |
0.029 |
|
609,000 |
5,000 |
|
Total Proven and Probable Reserves |
9,444,000 |
4.90 |
0.075 |
|
46,262,000 |
707,000 |
| Underground M&I
Resources: |
|
|
|
|
|
|
| Guadalupe |
5,592,000 |
4.46 |
0.064 |
|
24,952,000 |
360,000 |
| Independencia Oeste |
283,000 |
3.86 |
0.060 |
|
1,091,000 |
17,000 |
| Independencia Este |
421,000 |
4.81 |
0.055 |
|
2,026,000 |
23,000 |
|
Total Measured and Indicated Resources |
6,297,000 |
4.46 |
0.064 |
|
28,069,000 |
400,000 |
| Underground Inferred
Resources: |
|
|
|
|
|
|
| Guadalupe |
479,000 |
4.97 |
0.104 |
|
2,381,000 |
50,000 |
| Independencia Oeste |
169,000 |
3.69 |
0.071 |
|
624,000 |
12,000 |
| Independencia Este |
1,011,000 |
4.94 |
0.081 |
|
4,993,000 |
82,000 |
|
Total Inferred Resources |
1,658,000 |
4.82 |
0.087 |
|
7,998,000 |
144,000 |
Note: Effective August 31, 2015. Assumed metal
prices for Mineral Reserves were $15.50 per ounce of silver and
$1,150 per ounce of gold for the open pit, Rosario, and lower 76
underground deposits at Palmarejo, and $17.50 per ounce of silver
and $1,250 per ounce of gold for Guadalupe and Independencia
deposits at Palmarejo. Guadalupe and Independencia reserves also
evaluated using $15.50 per ounce of silver and $1,150 per ounce of
gold to determine economic viability. It was determined that
substantially all current reserves are economically viable at these
lower price assumptions. Assumed metal prices for Mineral Resources
were $19.00 per ounce of silver and $1,275 per ounce of gold.
| Select Drill Results at Nación: April – October
2015 |
| Mineralized Interval (Feet) |
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| LBDH_048 |
1496.1 |
1498.7 |
9.4 |
7.7 |
0.01 |
3.0 |
| LBDH_048 |
1522.9 |
1532.8 |
9.9 |
8.1 |
0.05 |
8.4 |
| LBDH_049 |
1064.7 |
1079.9 |
15.2 |
14.5 |
0.01 |
5.1 |
| LBDH_049 |
1095.4 |
1100.9 |
9.2 |
8.7 |
0.02 |
4.6 |
| LBDH_050 |
1811.1 |
1827.8 |
16.7 |
13.7 |
0.08 |
7.2 |
| LBDH_050 |
1864.9 |
1896.3 |
31.4 |
29.8 |
0.17 |
5.6 |
| Including |
1877.7 |
1886.4 |
8.7 |
8.3 |
0.47 |
13.9 |
| LBDH_072 |
1614.3 |
1622.7 |
8.4 |
8.0 |
0.12 |
4.2 |
| LBDH_073 |
873.5 |
876.4 |
2.9 |
2.7 |
0.00 |
12.8 |
| LBDH_073 |
1437.1 |
1449.0 |
11.9 |
11.3 |
0.20 |
17.5 |
| LBDH_073 |
1571.8 |
1572.8 |
1.0 |
1.0 |
0.74 |
57.3 |
| LBDH_073 |
1617.7 |
1627.9 |
10.2 |
9.7 |
0.33 |
16.3 |
| Including |
1622.9 |
1627.9 |
5.0 |
4.8 |
0.64 |
29.4 |
| LBDH_074 |
973.6 |
979.3 |
5.7 |
5.4 |
0.01 |
5.0 |
| LBDH_078 |
1630.0 |
1631.6 |
1.6 |
1.3 |
0.29 |
8.3 |
| LBDH_078 |
1990.8 |
1993.3 |
2.5 |
2.3 |
0.01 |
11.8 |
| LBDH_078 |
2188.4 |
2198.9 |
10.4 |
8.5 |
0.19 |
0.1 |
| LBDH_079 |
1358.3 |
1369.3 |
11.0 |
10.6 |
0.06 |
10.0 |
| Including |
1358.3 |
1364.1 |
5.7 |
5.6 |
0.10 |
17.1 |
| LBDH_080 |
1257.6 |
1275.0 |
17.4 |
16.0 |
0.13 |
15.7 |
| Including |
1268.2 |
1275.0 |
6.8 |
6.2 |
0.26 |
25.9 |
| LBDH_081 |
1294.7 |
1307.8 |
13.1 |
11.2 |
0.02 |
2.2 |
| LBDH_081 |
1353.4 |
1356.1 |
2.7 |
1.8 |
0.10 |
8.3 |
| LBDH_082 |
1220.9 |
1229.4 |
8.5 |
7.5 |
0.01 |
3.6 |
| LBDH_083 |
1288.3 |
1318.3 |
30.0 |
24.6 |
0.16 |
11.5 |
| Including |
1302.1 |
1318.3 |
16.2 |
13.3 |
0.30 |
18.3 |
| LBDH_084 |
1634.5 |
1640.9 |
6.5 |
5.0 |
0.04 |
3.5 |
| Select Drill Results at Los Bancos: March –
September 2015 |
| Mineralized Interval (Feet) |
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| LBDH_044 |
610.0 |
630.0 |
19.9 |
17.4 |
0.03 |
6.3 |
| Including |
618.5 |
625.5 |
7.1 |
6.2 |
0.08 |
9.1 |
| LBDH_047 |
535.5 |
561.4 |
26.0 |
13.0 |
0.02 |
4.5 |
| Including |
546.3 |
549.7 |
3.4 |
1.7 |
0.06 |
13.6 |
| LBDH_051 |
762.8 |
764.9 |
2.1 |
1.8 |
0.12 |
8.2 |
| LBDH_051 |
851.8 |
853.3 |
1.4 |
1.3 |
0.27 |
15.6 |
| LBDH_053 |
881.9 |
900.6 |
18.7 |
7.0 |
0.09 |
5.4 |
| LBDH_054 |
524.3 |
529.5 |
5.2 |
4.3 |
0.01 |
11.8 |
| LBDH_054 |
664.2 |
671.0 |
6.8 |
5.6 |
0.18 |
14.2 |
| LBDH_058 |
490.4 |
528.2 |
37.8 |
20.0 |
0.03 |
7.2 |
| Including |
515.4 |
524.2 |
8.8 |
4.8 |
0.07 |
13.0 |
| LBDH_062 |
667.9 |
678.4 |
10.5 |
8.4 |
0.02 |
3.1 |
| LBDH_063 |
553.6 |
561.7 |
8.1 |
4.2 |
0.10 |
20.1 |
| LBDH_064 |
387.2 |
407.1 |
19.9 |
14.1 |
0.02 |
4.4 |
| LBDH_069 |
567.3 |
568.9 |
1.6 |
1.4 |
0.03 |
14.8 |
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 stage 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 drilling,
potential discoveries, mine life, grades, production, costs, and
cash flow. 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, 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 and Form 10-Q. 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.
Qualified Person
Dana Wills, Coeur's Director, 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.
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.
APPENDIX
| Drill Results at Guadalupe: July
2015 |
| Mineralized Interval (Feet) |
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| DC3-GC-0030 |
1829.9 |
1866.0 |
24.9 |
22.6 |
0.12 |
6.5 |
| DC3-GC-0033 |
1578.9 |
1646.7 |
14.3 |
12.7 |
0.13 |
12.0 |
| DC3-GC-0035 |
1,610.6 |
1,614.6 |
3.9 |
5.8 |
0.12 |
5.8 |
| DC3-GC-0037 |
1688.0 |
1717.7 |
24.6 |
22.1 |
0.05 |
7.2 |
| DC3-GC-0037 |
1559.0 |
1565.7 |
6.7 |
5.6 |
0.06 |
5.5 |
| DC3-GC-0037 |
1,610.6 |
1,614.6 |
3.9 |
3.3 |
0.04 |
3.1 |
| DC3-GC-0037 |
1,628.4 |
1,648.4 |
20.0 |
16.8 |
0.13 |
6.2 |
| DC3-GC-0037 |
1660.2 |
1688.7 |
28.5 |
24.0 |
0.62 |
36.2 |
| Including |
1,679.5 |
1,683.2 |
3.6 |
3.0 |
3.44 |
212.0 |
| DC3-GC-0037 |
1702.3 |
1708.1 |
5.7 |
4.8 |
0.07 |
1.7 |
| DC3-GC-0037 |
1769.0 |
1770.9 |
2.0 |
1.6 |
0.06 |
5.4 |
| DC3-GC-0037 |
1,805.4 |
1,807.0 |
1.6 |
1.4 |
0.03 |
2.8 |
Note: Holes 30, 33, and 35 above were previously
disclosed at www.coeur.com on May 18, 2015.
| Drill Results at Independencia: July –
September 2015 |
| Mineralized Interval (Feet) |
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| DC3-IND-0001 |
1683.5 |
1705.0 |
21.5 |
21.3 |
0.31 |
22.3 |
| Including |
1688.4 |
1691.7 |
3.3 |
3.2 |
0.88 |
58.0 |
| Including |
1,695.1 |
1,697.4 |
2.3 |
2.3 |
0.36 |
69.1 |
| DC3-IND-GTCH-0002 |
1,470.7 |
1,487.6 |
16.9 |
16.8 |
0.04 |
4.4 |
| DC3-IND-GTCH-0002 |
1524.8 |
1528.0 |
3.1 |
3.1 |
0.05 |
8.0 |
| DC3-IND-GTCH-0003 |
1561.3 |
1563.2 |
2.0 |
2.0 |
0.03 |
6.5 |
| DC3-IND-GTCH-0003 |
1583.6 |
1585.4 |
1.8 |
1.8 |
0.03 |
6.0 |
| DC3-IND-GTCH-0003 |
1757.0 |
1760.3 |
3.3 |
3.2 |
0.02 |
4.1 |
| DC3-IND-GTCH-0003 |
1,792.6 |
1,797.2 |
4.6 |
4.6 |
0.03 |
5.6 |
| DC3-IND-GTCH-0003 |
1815.0 |
1821.4 |
6.4 |
6.4 |
0.03 |
4.8 |
| DC3-IND-GTCH-0003 |
1830.8 |
1840.6 |
9.8 |
9.8 |
0.03 |
4.8 |
| Including |
1,830.8 |
1,833.6 |
2.8 |
2.8 |
0.07 |
11.7 |
| DC3-IND-GTCH-0003 |
1,850.5 |
1,857.5 |
7.1 |
7.0 |
0.05 |
3.4 |
| DC3-IND-GTCH-0003 |
1877.7 |
1900.8 |
23.1 |
23.0 |
0.03 |
2.2 |
| DC3-IND-GTCH-0003 |
1926.3 |
1948.9 |
22.6 |
22.5 |
0.08 |
2.6 |
| Including |
1936.8 |
1940.2 |
3.4 |
3.4 |
0.34 |
5.6 |
| DC3-IND-0002 |
1685.0 |
1689.6 |
4.6 |
4.6 |
0.01 |
18.4 |
| DC3-IND-0002 |
1,762.4 |
1,764.2 |
1.8 |
1.8 |
0.02 |
4.3 |
| DC3-IND-0002 |
1805.7 |
1809.1 |
3.4 |
3.4 |
0.06 |
4.0 |
| DC3-IND-0002 |
1825.1 |
1828.3 |
3.3 |
3.2 |
0.04 |
2.9 |
| DC3-IND-0003 |
2,022.9 |
2,028.0 |
5.1 |
5.0 |
0.13 |
0.3 |
| DC3-IND-0003 |
2,044.7 |
2,047.3 |
2.6 |
2.6 |
0.12 |
0.2 |
| Drill Results at Nación: April – October
2015 |
| Mineralized Interval (Feet) |
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| LBDH_045 |
724.8 |
732.4 |
7.6 |
7.2 |
1.9 |
0.01 |
| LBDH_046 |
558.8 |
561.1 |
2.3 |
2.0 |
2.9 |
0 |
| LBDH_046 |
876 |
878.8 |
2.8 |
2.4 |
3.4 |
0.01 |
| LBDH_048 |
1049.1 |
1050.5 |
1.4 |
1.1 |
5.6 |
0.04 |
| LBDH_048 |
1440.4 |
1443.8 |
3.3 |
2.7 |
4.4 |
0.01 |
| LBDH_048 |
1496.1 |
1498.7 |
9.4 |
7.7 |
3.0 |
0.01 |
| LBDH_048 |
1522.9 |
1532.8 |
9.9 |
8.1 |
8.4 |
0.05 |
| LBDH_049 |
1064.7 |
1079.9 |
15.2 |
14.5 |
5.1 |
0.01 |
| LBDH_049 |
1095.4 |
1100.9 |
9.2 |
8.7 |
4.6 |
0.02 |
| LBDH_050 |
1023.0 |
1026.3 |
3.3 |
2.7 |
4.3 |
0.01 |
| LBDH_050 |
1057.0 |
1060.8 |
3.7 |
3.1 |
4.2 |
0.02 |
| LBDH_050 |
1645.0 |
1648.1 |
3.2 |
2.6 |
2.8 |
0.03 |
| LBDH_050 |
1787.3 |
1790.5 |
3.2 |
2.6 |
2.7 |
0.04 |
| LBDH_050 |
1811.1 |
1827.8 |
16.7 |
13.7 |
7.2 |
0.08 |
| LBDH_050 |
1864.9 |
1896.3 |
31.4 |
29.8 |
5.6 |
0.17 |
| Including |
1877.7 |
1886.4 |
8.7 |
8.3 |
13.9 |
0.47 |
| LBDH_072 |
699.4 |
700.1 |
0.7 |
0.6 |
7.1 |
0.01 |
| LBDH_072 |
1144.0 |
1145.6 |
1.6 |
1.3 |
4.0 |
0.00 |
| LBDH_072 |
1375.9 |
1377.5 |
1.6 |
1.4 |
4.5 |
0.03 |
| LBDH_072 |
1614.3 |
1622.7 |
8.4 |
8.0 |
4.2 |
0.12 |
| LBDH_073 |
873.5 |
876.4 |
2.9 |
2.7 |
12.8 |
0.00 |
| LBDH_073 |
1437.1 |
1449.0 |
11.9 |
11.3 |
17.5 |
0.20 |
| LBDH_073 |
1571.8 |
1572.8 |
1.0 |
1.0 |
57.3 |
0.74 |
| LBDH_073 |
1617.7 |
1627.9 |
10.2 |
9.7 |
16.3 |
0.33 |
| Including |
1622.9 |
1627.9 |
5.0 |
4.8 |
29.4 |
0.64 |
| LBDH_074 |
973.6 |
979.3 |
5.7 |
5.4 |
5.0 |
0.01 |
| LBDH_074 |
1616.5 |
1619.2 |
2.6 |
2.5 |
1.2 |
0.04 |
| LBDH_074 |
1691.5 |
1693.5 |
2.1 |
2.0 |
0.8 |
0.11 |
| LBDH_075 |
ABANDONED BEFORE
REACHING TARGET |
| LBDH_076 |
NO SIGNIFICANT
INTERVALS |
| LBDH_077 |
1289.0 |
1290.9 |
1.9 |
1.8 |
4.9 |
0.03 |
| LBDH_077 |
1315.1 |
1316.4 |
1.3 |
1.3 |
2.7 |
0.01 |
| LBDH_078 |
1630.0 |
1631.6 |
1.6 |
1.3 |
8.3 |
0.29 |
| LBDH_078 |
1990.8 |
1993.3 |
2.5 |
2.3 |
11.8 |
0.01 |
| LBDH_078 |
2188.4 |
2198.9 |
10.4 |
8.5 |
0.1 |
0.19 |
| LBDH_079 |
1358.3 |
1369.3 |
11.0 |
10.6 |
10.0 |
0.06 |
| Including |
1358.3 |
1364.1 |
5.7 |
5.6 |
17.1 |
0.10 |
| LBDH_080 |
1107.4 |
1108.1 |
0.7 |
0.6 |
4.4 |
0.02 |
| LBDH_080 |
1257.6 |
1275.0 |
17.4 |
16.0 |
15.7 |
0.13 |
| Including |
1268.2 |
1275.0 |
6.8 |
6.2 |
25.9 |
0.26 |
| LBDH_081 |
1294.7 |
1307.8 |
13.1 |
11.2 |
2.2 |
0.02 |
| LBDH_081 |
1336.0 |
1338.6 |
2.7 |
1.8 |
6.0 |
0.06 |
| LBDH_081 |
1353.4 |
1356.1 |
2.7 |
1.8 |
8.3 |
0.10 |
| LBDH_082 |
1220.9 |
1229.4 |
8.5 |
7.5 |
3.6 |
0.01 |
| LBDH_082 |
1266.2 |
1278.3 |
3.3 |
2.9 |
3.2 |
0.01 |
| LBDH_082 |
1323.6 |
1327.9 |
4.3 |
3.8 |
3.6 |
0.02 |
| LBDH_083 |
1276.1 |
1277.6 |
1.5 |
1.4 |
3.0 |
0.01 |
| LBDH_083 |
1288.3 |
1318.3 |
30.0 |
24.6 |
11.5 |
0.16 |
| Including |
1302.1 |
1318.3 |
16.2 |
13.3 |
18.3 |
0.30 |
| LBDH_083 |
1346.1 |
1347.4 |
1.3 |
1.2 |
6.9 |
0.06 |
| LBDH_084 |
1486.0 |
1489.6 |
3.6 |
2.8 |
2.9 |
0.03 |
| LBDH_084 |
1634.5 |
1640.9 |
6.5 |
5.0 |
3.5 |
0.04 |
| Drill Results at Los Bancos: March – September
2015 |
| |
|
|
Mineralized Interval (Feet) |
|
|
|
Hole I.D. |
From |
To |
Thickness |
Estimated True Thickness |
Gold Assays (Oz/short ton) |
Silver Assays (Oz/short ton) |
| VIDH_62 |
1,309.0 |
1,309.8 |
0.8 |
0.6 |
5.8 |
0.02 |
| VIDH_63 |
NO SIGNIFICANT
VALUES |
| LBDH_043 |
844.3 |
847.3 |
3.0 |
2.6 |
5.3 |
0.04 |
| LBDH_044 |
491.6 |
496.3 |
4.8 |
4.2 |
5.0 |
0.00 |
| LBDH_044 |
610.0 |
630.0 |
19.9 |
17.4 |
6.3 |
0.03 |
| Including |
618.5 |
625.5 |
7.1 |
6.2 |
9.1 |
0.08 |
| LBDH_047 |
535.5 |
561.4 |
26.0 |
13.0 |
4.5 |
0.02 |
| Including |
546.3 |
549.7 |
3.4 |
1.7 |
13.6 |
0.06 |
| LBDH_051 |
762.8 |
764.9 |
2.1 |
1.8 |
8.2 |
0.12 |
| LBDH_051 |
851.8 |
853.3 |
1.4 |
1.3 |
15.6 |
0.27 |
| LBDH_052 |
679.2 |
682.4 |
3.3 |
2.8 |
6.6 |
0.02 |
| LBDH_053 |
881.9 |
900.6 |
18.7 |
7.0 |
5.4 |
0.09 |
| LBDH_053 |
931.0 |
932.9 |
1.8 |
0.7 |
8.1 |
0.05 |
| LBDH_053 |
1023.7 |
1024.3 |
0.7 |
0.2 |
14.4 |
0.16 |
| LBDH_054 |
524.3 |
529.5 |
5.2 |
4.3 |
11.8 |
0.01 |
| LBDH_054 |
664.2 |
671.0 |
6.8 |
5.6 |
14.2 |
0.18 |
| LBDH_055 |
NO SIGNIFICANT
VALUES |
| LBDH_056 |
NO SIGNIFICANT
VALUES |
| LBDH_057 |
787.4 |
788.4 |
1.0 |
0.6 |
6.3 |
0.44 |
| LBDH_058 |
437.6 |
441.6 |
4.0 |
2.2 |
7.6 |
0.01 |
| LBDH_058 |
490.4 |
528.2 |
37.8 |
20.0 |
7.2 |
0.03 |
| Including |
515.4 |
524.2 |
8.8 |
4.8 |
13.0 |
0.07 |
| LBDH_059 |
516.5 |
520.4 |
3.9 |
3.0 |
3.0 |
0.00 |
| LBDH_060 |
NO SIGNIFICANT
VALUES |
| LBDH_061 |
705.1 |
709.6 |
4.5 |
4.0 |
2.5 |
0.00 |
| LBDH_062 |
667.9 |
678.4 |
10.5 |
8.4 |
3.1 |
0.02 |
| LBDH_063 |
553.6 |
561.7 |
8.1 |
4.2 |
20.1 |
0.10 |
| LBDH_064 |
387.2 |
407.1 |
19.9 |
14.1 |
4.4 |
0.02 |
| LBDH_065 |
NO SIGNIFICANT
VALUES |
| LBDH_066 |
935.1 |
938.0 |
3.0 |
2.5 |
2.8 |
0.01 |
| LBDH_067 |
NO SIGNIFICANT
VALUES |
| LBDH_068 |
445.2 |
446.2 |
1.0 |
0.9 |
4.8 |
0.02 |
| LBDH_069 |
567.3 |
568.9 |
1.6 |
1.4 |
14.8 |
0.03 |
| LBDH_070 |
NO SIGNIFICANT
VALUES |
| LBDH_071 |
344.5 |
346.5 |
2.0 |
1.4 |
3.1 |
0.00 |
| LBDH_071 |
371.1 |
374.0 |
3.0 |
2.1 |
5.0 |
0.01 |
| LBDH_071 |
390.4 |
393.7 |
3.3 |
2.3 |
3.2 |
0.00 |
Notes:
- 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
- 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.
For Additional Information:
Bridget Freas, Director, Investor Relations
(312) 489-5819
www.coeur.com
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