COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.
Third Quarter Exploration Highlights
- Drilling at San Sebastian has identified polymetallic zones similar to the Hugh Zone on the Middle and West Francine veins.
- Surface and underground drilling at Casa Berardi has expanded and refined resources to increase the size and number of the open pits and extended high-grade lenses along strike and at depth in the underground.
- Drilling of East Ore, NWW and Upper Plate zones is expected to convert resources into reserves in the upper and central part of the Greens Creek Mine.
“Exploration success continues at San Sebastian with the discovery of additional high-grade mineralization that has the potential to extend the mine life. When we restarted San Sebastian we had less than a two-year mine plan and now we see potential through 2020 and beyond. As well, new zones are emerging along both the Middle and Francine veins with similar mineralogy as the Hugh Zone, a 1.5 million ton polymetallic resource, so we see the underground sulphide deposit potentially growing to further extend mine life,” said Phillips S. Baker, Jr., President and CEO. “At Casa Berardi, the exploration confirms our view of the exploration potential we believed was possible when we acquired the property. The surface program is expanding the open pits and the underground is identifying new lenses with good grades. Finally, drilling at Greens Creek has discovered high-grade mineralization high up in the mine which could enhance Greens Creek’s already exceptional mine economics.”