Coeur Closes Acquisition of Remaining Interest in the Joaquin Silver-Gold Project
December 21 2012 - 2:40PM
Business Wire
Coeur d’Alene Mines Corporation (NYSE: CDE) (TSX: CDM) (“Coeur”
or the “Company”) is pleased to announce that it has successfully
completed the acquisition of the remaining 49% interest in the
Joaquin silver-gold project from Mirasol Resources Ltd.
(“Mirasol”), previously announced on December 11, 2012, through the
acquisition of the Mirasol subsidiary that holds the interest.
Coeur now owns 100% of the Joaquin project, which has a recently
updated Canadian National Instrument (NI) 43-101 mineral estimate
of 38.4 million silver ounces in measured and indicated resources,
and 31.3 million silver ounces in inferred resources. In addition,
Joaquin contains 39,600 gold ounces in measured and indicated
resources and 19,400 gold ounces in inferred resources.
Donald J. Birak, Coeur's Senior Vice President of Exploration
and a qualified person under Canadian NI 43-101, supervised the
preparation of the scientific and technical information concerning
Coeur's mineral projects in this news release. 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, please see the Technical Reports for each of
Coeur's properties as filed on SEDAR 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 http://www.sec.gov.
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