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Re: Montanore post# 2896

Friday, 09/10/2010 11:40:31 AM

Friday, September 10, 2010 11:40:31 AM

Post# of 17231
The Coeur Silver Mine -





The Coeur Silver & Copper Mine -

Ag Rich Beauty Producer we get re-commissioned
for fiat$5mil smile
would cost fiat>$200mil
to develop from grass-root for an exploration company
if they ever would be lucky to
find anything near as rich smile very unlikely?

The Coeur Silver & Copper Mine -
produced from 1969-1998.

The total production was 39 million ounces of silver
and 33 million pounds of copper from 2.4 million tons of ore.

Average ore grades were 16.6 ounces per ton silver
and 0.72% copper.


The company decided in 2007 to reactivate the Coeur mill
to process lead-silver ore produced at the Galena mine.

To achieve this, the company rehabilitated the 3400 level of
the Coeur mine (the 3700 level of the Galena mine) haulage way
connecting the Galena mine to the Coeur shaft,
a distance of about 1.5 miles.

The reconditioning involved ground support and installing
new rail and utilities as well as moving the primary
ventilation fans.

The mill was also reconditioned and commissioned in early
September, 2007.

The mill ran until January, 2009 when it was placed
on care and maintanence after the second circuit in
the Galena mill was activated.

The Company is examining the possibility of reactivating the
Coeur mine to access some of the mineralized zones of
silver-copper ore that were left when the mine was shut down
in 1998.

While the Coeur mine would not supply sufficient feed to fill
the Coeur mill until significant exploration and development
work has been done, a combination of the Coeur mine and
additional ore from the Galena mine could fill
the Coeur mill.

The Company overall objective is to utilize
the Coeur mine and mill in a manner to enhance the Company's profitability -
smile

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