Coeur Closes Acquisition of Remaining Interest in the Joaquin Silver-Gold Project
Coeur d′Alene Mines Corporation (NYSE: CDE) (TSX: CDM) ('Coeur? or the
'Company?) is pleased to announce that it has successfully completed the
acquisition of the remaining 49% interest in the Joaquin silver-gold
project from Mirasol Resources Ltd. ('Mirasol?), previously announced on
December 11, 2012, through the acquisition of the Mirasol subsidiary
that holds the interest.
Coeur now owns 100% of the Joaquin project, which has a recently updated
Canadian National Instrument (NI) 43-101 mineral estimate of 38.4
million silver ounces in measured and indicated resources, and 31.3
million silver ounces in inferred resources. In addition, Joaquin
contains 39,600 gold ounces in measured and indicated resources and
19,400 gold ounces in inferred resources.
Donald J. Birak, Coeur's Senior Vice President of Exploration and a
qualified person under Canadian NI 43-101, supervised the preparation of
the scientific and technical information concerning Coeur's mineral
projects in this news release. For a description of the key assumptions,
parameters and methods used to estimate mineral reserves and resources,
as well as data verification procedures and a general discussion of the
extent to which the estimates may be affected by any known
environmental, permitting, legal, title, taxation, socio-political,
marketing or other relevant factors, please see the Technical Reports
for each of Coeur's properties as filed on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We may use certain terms in
public disclosures, such as 'measured,' 'indicated,' 'inferred? and
'resources,' that are recognized by Canadian regulations, but that SEC
guidelines generally prohibit U.S. registered companies from including
in their filings with the SEC. U.S. investors are urged to consider
closely the disclosure in our Form 10-K which may be secured from us, or
from the SEC's website at http://www.sec.gov.
Coeur d′Alene Mines Corporation
Wendy Yang, 208-665-0345
Vice
President of Investor Relations
or
Stefany Bales, 208-667-8263
Director
of Corporate Communications