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Gold/Mining/Energy : Coeur d'Alene Mining (CDE)
CDE 14.440.0%1:25 PM EST
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To: Robert J Mullenbach who wrote (295)10/11/2000 12:00:36 PM
From: Robert J Mullenbach  Read Replies (1) of 621
 
Nice to see a buy of 20,000@ 1 5/16 today,

IMO, the big blocks are a great long term gamble.

we shall see,

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Leverage , if Silver could only get off the ground.
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As part of the previously announced program to increase production at Coeur Silver Valley to 5.0 million ounces of silver per year,
Coeur has conducted an extensive underground development and exploration program. To date, these efforts have succeeded in
extending the most productive vein systems such as the 72 and 117 at depth and along strike, which could enable Coeur to
complete the expansion phase earlier than originally planned. In addition, engineering is in progress to determine if some of the
wider vein structures of the Galena deposit would be amenable to trackless mining methods. Early indications are proving
favorable and the implementation of trackless mining could lead to a substantial reduction in unit costs.

A comprehensive district-wide exploration program is also underway. The first three of a total of ten diamond drill holes planned
for the West Argentine area on the property have now been completed. The West Argentine area is located at the western limit
of the current Galena mine workings. The first two holes of the program successfully intercepted interesting mineralization. While
neither of these intersections were ore grade material, both holes provided extremely useful information that was used to locate
the third hole. This drill hole intercepted an 11.0-foot section of the 294 vein at a grade of 23.9 ounces of silver per ton and 1.4%
copper.

This ore grade intercept is located 280 feet west of any previously known mineralization and probably represents the beginning of
a new ore shoot within the 294 vein towards the west. The 294 vein is one of the most productive sources of silver ore in the
Galena mine. The hole was continued to where it intersected a second mineralized zone within the Polaris fault, consisting of 20.6
feet grading 6.6 ounces of silver per ton and 1.07% copper, including 5.9 feet grading 10.4 ounces of silver per ton and 2.2%
copper. This second zone likely represents a new discovery within the Polaris fault and is similar in many respects to the
high-grade 72 vein.
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