Mining News: News Nuggets: Robust exploration at Kensington

Coeur Mining Inc. Oct. 10 provided an update on an expansive exploration program at its Kensington gold mine in Southeast Alaska. This program is focused on potential resource conversion and expansion within the Kensington Main ore-body, the nearby Raven vein, and the high-grade Jualin deposit. Drilling at Kensington Main is currently being conducted at four zones - lower Block M and zones 41, 44, and 12 - with a focus on the potential expansion of the Kensington resource down-dip and to the south of the current resource model. One hole drilled in Zone 41 cut 3.7 meters of 1.21 ounces per ton gold. In addition, drilling at Raven has targeted the down-plunge extension of a high-grade ore-shoot. With a budget of US$4.6 million, Coeur plans to complete roughly 18,300 meters of infill drilling aimed at upgrading resources to reserves. The company has budgeted another US$4.65 million for some 7,600 meters of underground resource expansion drilling in 2016. Coeur has also accelerated exploration of the high-grade Jualin deposit. In August, the company began a six-hole surface drill program focused on twinning historical holes at Jualin. So far, three holes have been completed. Once the twinning program is complete, Coeur plans to finish off 2016 with a winter drilling program targeting the Jualin Vein #4 from surface.

-Shane Lasley

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