Coeur d’Alene eyes gold producer

An option agreement sets the stage for Coeur d’Alene Mines (CDE-N) to acquire a producing gold mine next to its El Bronce operation in northern Chile.

In the meantime, the company is buying ore from the underground mine for processing through its mill at El Bronce, a 60,000-oz.-per-year producer.

To acquire the Boton de Oro mine, Coeur d’Alene must pay US$2.5 million and spend $500,000 on exploration. The company has already started a work program at Boton de Oro, testing mineralization which is believed to contain the same vein systems as El Bronce.

Boton de Oro, which is currently producing about 6,000 oz. gold annually, hosts an underground gold resource of 250,000 contained ounces.

A feasibility study is incorporating Boton de Oro mineralization into El Bronce’s operations. Coeur says the project will add to its already-sizable land position in the area, situated 90 miles from Santiago.Correction VenCan Gold (VCG-M) is being sued by Extender Minerals for failing to grant Extender its alleged right of first refusal for underground development work at the Edwards mine near Wawa, Ont. Incorrect information appeared in our Feb. 3 issue.

Print


 

Republish this article

Be the first to comment on "Coeur d’Alene eyes gold producer"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close