Hecla Expands High-Grade at Casa Berardi’s East Mine
November 05 2019 - 06:30AM
Business Wire
High-grade, wide intersections with visible
gold
Hecla Mining Company (NYSE:HL) announces results from
exploration and definition drilling programs at Casa Berardi’s East
Mine.
“Exploration and development drilling in the 148 Zone generated
significant widths and grades two to three times higher than the
average underground grade at Casa Berardi,” said Mr. Phillips S.
Baker, Jr., President and CEO. “Given this is in the area of higher
grades where the mine started 30 years ago, infrastructure is
close, so production could start in about a year and could continue
for a number of years as the mineralization appears to
continue.”
During the third quarter, drills operated in the East
Mine to test several promising areas (Figures 1, 2 and 3). The
East Mine has a history of high-grade mine production and since
re-establishing access earlier this year, underground drilling is
confirming and expanding high-grade lenses from the 148 to 160
zones. Drilling in the 148 Zone targeted areas down-plunge
of current infrastructure. Results show high grades (Table 1), and
the presence of visible gold in many of the drill holes with
pending assays suggests they are open on strike and at depth
down-plunge.
Table 1: Selection of assay
results from the East Mine 148 Zone.
Drill Hole Number
Drill Hole Section
Drill Hole Azm/Dip
Sample From (feet)
Sample To (feet)
True Width (feet)
Gold (oz/ton)
Depth From Mine Surface
(feet)
*CBE-0171
14750
343/-34
1072.6
1090.6
16.1
0.45
2162
including
1084.4
1090.6
4.9
0.87
2165
*CBE-0172
14773
346/-33
1036.2
1062.7
22.3
0.65
2120
including
1044.7
1059.8
12.8
1.05
2121
*CBE-0173
14769
346/-39
1118.5
1151.3
26.6
0.63
2257
including
1130.9
1148.0
13.4
1.12
2260
CBE-0174
14815
355/-33
1044.4
1071.9
24.3
0.38
2107
including
1044.4
1048.0
3.0
0.67
2102
including
1065.7
1069.0
3.0
1.06
2112
CBE-0175
14814
355/-37
1087.6
1116.8
23.6
0.18
2188
CBE-0176
14817
355/-29
1021.7
1056.2
30.2
0.16
2074
including
1048.0
1052.9
4.6
0.47
2079
CBE-0177
14755
340/-24
993.8
1011.9
15.2
0.78
2008
CBE-0178
14758
340/-29
1016.8
1034.5
14.7
1.03
2061
CBE-0179
14745
334/-22
993.8
1012.5
15.7
0.30
2002
including
1005.6
1012.5
5.2
0.79
2005
CBE-0180
14785
349/-30
1018.4
1036.5
13.8
0.22
2065
including
1018.4
1026.0
5.6
0.44
2063
CBE-0181
14785
349/-36
998.8
1011.9
9.8
0.11
2126
including
1000.4
1005.6
3.9
0.23
2125
CBE-0181
14783
349/-36
1061.4
1096.8
28.9
0.14
2163
including
1079.1
1092.2
9.8
0.23
2167
* Assay results reported in 2nd
Quarter
A presentation showing drill intersection locations is available
by copying and pasting the following URL into your Internet
browser:
http://ir.hecla-mining.com/interactive/newlookandfeel/130678/CasaBerardiEastMineExploration.pdf.
Cautionary Statements Regarding Forward Looking
Statements
Statements made or information provided in this news release
that are not historical facts are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and "forward-looking information" within the meaning of
Canadian securities laws. Words such as “may”, “will”, “should”,
could, “expects”, “intends”, “projects”, “believes”, “estimates”,
“targets”, “anticipates” and similar expressions are used to
identify these forward-looking statements. Forward-looking
statements in this news release may include, without limitation:
(i) the East Mine represents a source of high-grade ore for a
number of years; (ii) production could start within a year and
continue for a number of years and (iii) ability to extend lenses
of the 148 Zone on strike and down-plunge.
The material factors or assumptions used to develop such
forward-looking statements or forward-looking information include
that the Company’s plans for development and production will
proceed as expected and will not require revision as a result of
risks or uncertainties, whether known, unknown or unanticipated, to
which the Company’s operations are subject.
Forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those projected, anticipated, expected or implied. These risks
and uncertainties include, but are not limited to, metals price
volatility, volatility of metals production and costs, litigation,
regulatory and environmental risks, operating risks, project
development risks, political risks, labor issues, ability to raise
financing and exploration risks and results. Refer to the Company's
Form 10K and 10-Q reports for a more detailed discussion of risk
factors that may impact expected future results. The Company
undertakes no obligation and has no intention of updating
forward-looking statements other than as may be required by
law.
Qualified Person (QP) Pursuant to
Canadian National Instrument 43-101
Kurt Allen, MSc. CPG., Director - Exploration of Hecla Limited,
who serves as a Qualified Person under National Instrument 43-101,
supervised the preparation of the scientific and technical
information concerning Hecla’s mineral projects in this news
release. Information regarding data verification, surveys and
investigations, quality assurance program and quality control
measures and a summary of sample, analytical or testing procedures
for the Casa Berardi Mine are contained in a technical report
prepared for Hecla titled "Technical Report for the Casa Berardi
Mine, Northwestern Quebec, Canada" effective date December 31, 2018
(the "Casa Berardi Technical Report"). Also included in this
technical report is a description of the key assumptions,
parameters and methods used to estimate mineral reserves and
resources and a general discussion of the extent to which the
estimates may be affected by any known environmental, permitting,
legal, title, taxation, socio-political, marketing or other
relevant factors. Copies of this technical report is available
under Hecla's profile on SEDAR at www.sedar.com.
Mr. Allen reviewed and verified information regarding drill
sampling, data verification of all digitally collected data, drill
surveys and specific gravity determinations relating to the Casa
Berardi mine. The review encompassed quality assurance programs and
quality control measures including analytical or testing practice,
chain-of-custody procedures, sample storage procedures and included
independent sample collection and analysis. This review found the
information and procedures meet industry standards and are adequate
for Mineral Resource and Mineral Reserve estimation and mine
planning purposes.
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version on businesswire.com: https://www.businesswire.com/news/home/20191105005321/en/
Mike Westerlund Vice President - Investor Relations 800-HECLA91
(800-432-5291) Investor Relations Email: hmc-info@hecla-mining.com
Website: http://www.hecla-mining.com
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