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Hecla Mining Optimistic About 4Q Exploration Efforts

Kitco News

Hecla Mining Company (NYSE: HL) has provided an upbeat assessment of its exploration program during the fourth quarter. The company cites continued expansion of high-grade, polymetallic zones at San Sebastian, similar to the Hugh Zone on the Middle and Francine veins. Meanwhile, at Casa Berardi, expanded and refined resources that could increase the size of the proposed principal and current East Mine Crown Pillar (EMCP) open pits and discovered mineralization that could lead to new pits in the west part of the mine. Also, drilling of the 118 and 123 zones at Casa Berardi has discovered high-grade mineralization at depth and to the west. “We continue to expand the polymetallic mineralization at San Sebastian, so much so that we expect to take a bulk sample this year,” says said Phillips S. Baker, Jr., president and chief executive officer. “At Casa Berardi, our exploration continues to confirm the high expectations we had when we acquired it, with expansions of planned pits and discovery of new open pitable material as well as new high-grade lenses underground. Finally, drilling at Greens Creek discovered high-grade mineralization in the central part of the mine that could enhance Greens Creek’s already exceptional mine economics and mine life.”

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