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Kensington Project
Kensington
Country
USA
Province
Alaska
Close to
Juneau
Status
MINE DEVELOPMENT
Surface
25 km² / 6,079 acres
Latitude / Longitude
58 N 51 / 135 W 6
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Risk and valuation analysis of the Kensington Project
Status Risk : Mine Development
Country Risk : Very Low
Resource Risk : 72.00%
In situ value
2,688,753,424 $
Title(s) of the Kensington Project
Coeur d'Alene Mines Corporation
Owner: 100%
Title
Company Profile
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On July 7, 1995, Coeur, through its wholly-owned subsidiary, Coeur Alaska, Inc. (“Coeur Alaska”), acquired the 50% ownership interest of Echo Bay Exploration Inc. (“Echo Bay”) in the Kensington property from Echo Bay and Echo Bay Alaska, Inc. (coll
more...
Location of the Kensington Project
The Kensington gold development project, consisting of the Kensington and adjacent Jualin properties, is located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The mine will be an underground gold mine accessed
more...
History of the Kensington Project
In 2005, Coeur embarked on a drilling program to convert 300,000 to 400,000 ounces of gold currently reported as mineral resources to reserves, which would significantly increase the initial mine life from the current level of ten years. This involves additional in-fill drilling to delineate higher-grade sections of the deposit that might be mined in the earlier years of the operation.
Geology of the Kensington Project
The Kensington ore deposit consists of multiple precious metals bearing mesothermal, quartz, carbonate, pyrite vein swarms and discrete quartz-pyrite veins hosted in the Cretaceousaged Jualin diorite. The gold-telluride-mineral calaverite is associated with the pyrite mineralization.
Reserves and resources of the Kensington Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
180,529
13.03
75 628
Probable
4,808,986
8.91
1 377 597
Proven and Probable
4,989,515
9.06
1 453 225
Measured
616,885
8.57
169 971
Indicated
1,854,285
5.49
327 295
Mesured and Indicated
2,471,170
6.26
497 267
Total
7 460 685
1 950 492
Definitions
Reserves and resources of the Kensington Project
Metal
Total
Reserves
Mineralized Material
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
1 950 492
75 628
1 377 597
1 453 225
169 971
327 295
497 267
oz
2 670 613 847 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
GOLD (oz)
140,000
140,000
140,000
140,000
140,000
140,000
Exploration and drilling
12/28/2010
$45.0 million secured term facility to finance construction ...
9/9/2010
Exploration Program at Kensington Gold Mine Returning Favora...
5/11/2010
Coeur announces substantial jump in gold production
8/24/2009
Contractor Awards to Alaska Firms for Remaining Tailings Fac...
8/17/2009
Army Corps of Engineers Reactivates Permit at Coeur's Kensin...
6/23/2009
Applauds Today's Supreme Court Decision Upholding Kensington...
9/24/2008
Continues Appeal in Supreme Court for the Original Kensingto...
6/27/2008
Announces U.S. Supreme Court Agrees to Review Ninth Circuit ...
5/12/2008
ANNOUNCES U.S. FOREST SERVICE DECISION TO COMPLETE ENVIRONME...
4/14/2008
Announce Memorandum of Understanding on Marine Transportatio
4/14/2008
ANNOUNCE MEMORANDUM OF UNDERSTANDING ON MARINE TRANSPORTATIO
1/26/2008
Submits Proposed Modified Plan of Operations f
Location
Data last updated on : 12/31/2008
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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