Mining company Coeur announces encouraging findings from Kensington's exploration endeavors.

Coeur Mining, the second-largest private employer in Southeast Alaska, has announced a significant four-year plan for its Kensington mine, located 45 miles north-northwest of Juneau. The company expects to invest approximately $80 million in this plan, with a focus on extending the life of the mine beyond 2030.

The exploration program at Kensington is comprehensive, with drill testing targets scheduled for later in 2023 through 2024. Coeur's efforts are aimed at understanding the controls to higher grade mineralization, and the results have been promising. Drilling along strike at Lower Kensington has intersected some of the best grade thickness ever encountered at Kensington, extending mineralization by more than 760 feet so far this year.

Moreover, the drill program at Upper Kensington has traced key mineralized structures to the south and down dip. New sub-parallel mineralized structures have been discovered, and a new parallel vein structure has been outlined, extending 950 feet along strike and 800 feet down dip.

A notable development at Lower Kensington is the beginning definition of a new hanging-wall splay and a series of mineralized linking structures. The intersections between the main structures, the splay structures, and linking structures are believed to control higher-grade plunging shoots.

In addition, infill drilling at Elmira has successfully linked the main zone to the zones to the south. Approximately 2,500 feet of additional mineralized strike length has been achieved at Kensington due to the 2023 underground mine development program.

The new Zone 30C has been discovered at Upper Kensington, extending mineralization by approximately 400 feet along strike. Coeur has made significant progress in understanding the mineralization system and the remaining prospectivity at Kensington in 2022.

Coeur's president and CEO, Mitchell J. Krebs, emphasizes the company's success in extending mine lives and building a robust pipeline of resources. The recent positive developments from Kensington's multi-year exploration drilling and development program have followed the successful addition of 1.5 years of mine life in 2022.

It is important to note that Fortuna Mining, the company that made investments in expanded exploration at the Kensington Mine in Alaska in 2022 and 2023, is part of their $19 million generative exploration program which included Alaska's Kensington project.

A complete table of all year-to-date 2023 drill results can be found on Coeur's website. The drill testing targets for the remaining period of the four-year plan are expected to take place later in 2023 through 2024, offering more opportunities for exciting discoveries and mine life extensions.

Mining company Coeur announces encouraging findings from Kensington's exploration endeavors.