Wednesday, 11th June 2008 (501 views)

Coeur d'Alene Mines Corporation is to keep its mine in Rochester, Nevada, according to a statement from the group.

Last year the company carried out a seven-hole drilling programme at the mine to test silver and gold mineralisation in the pit. It reported finding significant precious and base metal mineralisation in all the holes.

And later this year Coeur has plans to look again into exploration on current and new areas in Rochester.

Dennis E Wheeler, Coeur's chairman, chief executive officer and president, said: "In addition to contributing low-cost silver and gold production to Coeur, we are evaluating new opportunities to recover additional silver and gold ounces at Rochester that could extend the mine life beyond 2011."

An evaluation of Rochester at the end of 2007 reported that the area contained and showed mineral resources of more than 27.8 million contained ounces of silver and over 180,000 ounces of gold.

The silver and gold surface mining operation in north-western Nevada is one of the largest primary silver mines in the United States.

 

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