Coeur Reports Positive Exploration Results At Rochester and Crown Programs
December 14, 2021 at 07:00 am EST
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Coeur Mining, Inc. provided an update on its 2021 exploration programs at its Rochester operation in northern Nevada and the Crown exploration project in southern Nevada. Collectively, Coeur has drilled just over one million feet (307,925 meters) from up to 27 active rigs at six different locations through the first ten months of 2021, reflecting a year-over-year increase of roughly 50%. The Company plans to invest an all-time record of approximately $70 million1 in exploration this year, nearly 48% more than last year’s record exploration investment. Rochester delivers promising new expansion drill intercepts – Core and reverse circulation drilling commenced in the second quarter of 2021 with four rigs. A newly-restructured team is delivering excellent results and continuing to build an enhanced understanding of the Rochester geologic model with the goal of bringing forward higher-grade gold production over a potentially longer mine life to further enhance the economics of the ongoing expansion at Rochester. Key highlights include: Hole ROCR21-1011 returned 15 feet (4.6 meters) of 0.218 ounces per ton (“oz/t”) (7.5 grams per tonne (“g/t”)) gold and 1.9 oz/t (65.9 g/t) silver. Hole ROCR21-1042 returned 140 feet (42.7 meters) of 1.7 oz/t (56.9 g/t) silver. Hole ROCR21-1044 returned 105 feet (32.0 meters) of 1.5 oz/t (51.4 g/t) silver. Hole ROCR21-1045 returned 125 feet (38.1 meters) of 0.003 oz/t (0.1 g/t) gold and 3.6 oz/t (121.8 g/t) silver. Hole ROCR21-1027 returned 35 feet (10.7 meters) of 1.9 oz/t (64.9 g/t) silver. Hole ROCR21-1038 returned 25 feet (7.6 meters) of 0.040 oz/t (1.4 g/t) gold and 0.1 oz/t (3.4 g/t) silver. Hole ROCC21-1036 returned 165 feet (50.3 meters) of 0.003 oz/t (0.1 g/t) gold and 0.4 oz/t (13.7 g/t) silver. Drilling at the Crown Block project continues to demonstrate excellent growth potential in the heart of one of the most active exploration districts in Nevada– Drilling in early 2021 from up to four drill rigs focused on the new C-Horst discovery before transitioning to drilling greenfield and expansion targets in the second half of the year at Daisy, Secret Pass and SNA – all part of the original Crown Block resource package. Notable assay results include: Hole CH21-C009 returned 165 feet (50.3 meters) of 0.019 oz/t (0.7 g/t) gold and 57 feet (17.4 meters) of 0.013 oz/t (0.4 g/t) gold Hole CH21-082 returned 140 feet (42.7 meters) of 0.019 oz/t (0.7 g/t) gold Hole CH21-089 returned 115 feet (35.1 meters) of 0.031 oz/t (1.1 g/t) gold.
Coeur Mining, Inc. is a precious metals producer. The Companyâs operations include the Palmarejo gold-silver complex, the Rochester silver-gold mine, the Kensington gold mine, and the Wharf gold mine. The Palmarejo gold-silver complex located in the state of Chihuahua, Mexico. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada, approximately 26 miles northeast of the city of Lovelock. The Companyâs Kensington mine is an underground gold operation located on the east side of the Lynn Canal, approximately 45 miles north-northwest of Juneau, Alaska. The Wharf gold mine is an open pit, heap leach operation located in the northern Black Hills of western South Dakota, approximately four miles southwest of the city of Lead, South Dakota. In addition, The Company wholly-owns the Silvertip silver-zinc-lead development project in British Columbia and has interests in several precious metalâs exploration projects throughout North America.
COEUR MINING, INC. 
