Greens Creek | future upside
Greens Creek is exploring a number of areas on the 27-square-mile land package which could potentially lead to additional reserves and resources, further extending the mine life or even leading us to find another deposit like Greens Creek. There are over 30 miles of mine horizon where mineralization has been identified and projected along surface on our property.
East Ore Zone
The company has retained a contractor to engineer the planned re-access into the East Ore Zone for the development of a mine plan that will extend Greens Creek’s mine life. This study is expected to be complete in 2012.
Currently, reserves in the East Ore Zone are 683,000 tons at 13 ounces per ton silver and 7.89% zinc. East Ore Zone resources consist of 1.2 million tons at 12.6 ounces per ton silver and 7.14% zinc. Exploration potential remains along strike to the southeast.
The Deep 200 South resource has been extended and defined by diamond drilling from the 1147 exploration development level but requires additional definition drilling to move the high precious-metal rich resource to a reserve status. Development has begun on a new development drift that will provide a drill platform and future production access. Once this drill platform is in place and drilling is complete, engineering work and construction planning will begin to bring this portion of the 200 South into reserve and production.