Kensington Exploration Delivers High Grades and Vein Continuity

In Upper Kensington, drilling returned higher grades over significant widths. More than seventy-five drilled holes showed significant intercepts assayed above 1 ounce of gold per ton.

Kensington consists of multiple vein deposits across a mile-wide east-west zone which includes Kensington, Elmira, Raven, Johnson, plus numerous other prospective zones outside of the main corridor.

“The recently concluded multi-year exploration and development program, which helped drive an increase in its reserve-based mine life to five years, is serving as a springboard for replacing depletion and is identifying potential sources of higher-grade material while providing Kensington with significantly enhanced operational flexibility,” says Coeur Mining Chairman, CEO, and President Mitchell J. Krebs. “Our sustained focus on organic growth through brownfield exploration over the past several years continues to set us apart by generating multiple new discoveries and driving consistent reserve and resource increases, leading to meaningful mine life extensions and higher returns on invested capital across the portfolio.”

Coeur Alaska’s Kensington mine is the second-largest private employer in Southeast. It began operations in 2010 and employs nearly 400 people.

The company also announced that drilling at its Las Chispas underground silver and gold mine in Sonora, Mexico, hit bonanza grades in multiple veins. Based on that success, near-mine expansion and infill programs have been ramped up to nine drill rigs to target additional resource growth.