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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (3029)	4/24/2002 2:05:13 PM
From: long-gone	Respond to of 4051

I agree, makes no sense, most shareholders wouldn't like it, can't see a better company in the deal, even management might get hurt. Does this say, "It must be a done deal"? ;)

To: goldsheet who wrote (3029)	6/3/2002 9:58:26 AM
From: long-gone	Respond to of 4051

from EquityAlert.com. Hecla Reports Positive Second Phase Drilling Results At Mexican Exploration Property COEUR D'ALENE, Idaho, Jun 3, 2002 (BUSINESS WIRE) -- Hecla Mining Company (NYSE:HL) (NYSE:HL-PrB) officials today reported continued drilling success at its Cerro Pedernalillo silver/gold exploration project. Cerro Pedernalillo is located at Hecla's San Sebastian property in central Mexico, about six kilometers from the Francine vein, which is currently in production. Drilling at Cerro Pedernalillo has identified three veins covering more than 1.5 kilometers in strike length. Encouraging first phase exploration results on Cerro Pedernalillo, reported last April, led to a second phase of drilling on the Don Sergio and Andrea veins. Assay results recently received from the 18-hole second phase drilling program showed continued ore-grade intercepts and the emerging outlines of at least two ore shoots 150 meters or more in length that are open at depth. Hecla President and Chief Operating Officer Phillips S. Baker, Jr. said, "We now have multiple targets in the Cerro Pedernalillo area. Our exploration progress there has been very exciting, and I expect to be pushing the project forward as quickly as possible in order to report an indicated resource before the end of the year." More than half of the 18 new drill holes intersected significant ore values. Assay results ranged as high as 1.05 ounces of gold per ton and 11 ounces of silver per ton. The holes were drilled from the surface to as deep at 70 meters. Baker said, "Clearly, new vein systems have been identified with our work here, giving us new exploration targets at depth and on both ends." He said, "We are extremely pleased with the way this exploration project is going. With each successive phase of drilling, we become more optimistic that central Mexico could be the site of Hecla's next long-term silver/gold operation." Preliminary evaluation indicates a trend of improving ore grade at depth at Cerro Pedernalillo, consistent with other evidence that exploration so far has identified the upper reaches of an epithermal system containing significant quantities of gold and silver. Similar systems, such as the Francine vein, contain bands of bonanza grade mineralization where favorable conditions for precious metals deposition occurred. Phase three of the drilling program at Cerro Pedernalillo, which has already begun, is targeted at defining these depositional zones. The San Sebastian mine, which went into production last year, has already exceeded expectations and increased production estimates to 2.8 million ounces of silver for 2002. Baker said, "A proven deposit at Cerro Pedernalillo would extend and expand our operations in central Mexico." Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 111-year-old company, Hecla has long been well known in the mining world and financial markets as a primary silver producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB. Statements made which are not historical facts, such as anticipated payments, production, sales of assets, exploration results and plans, costs, prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and 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, project development risks and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements. CONTACT: Hecla Mining Company, Coeur d'Alene Vicki J. Veltkamp, 208/769-4144 hecla-mining.com