Friday, February 5, 2010

Coeur d'Alene Mines (NYSE:CDE) New Gold Vein

Coeur d'Alene Mines

Coeur d'Alene Mines (NYSE:CDE) announced they've discovered a new gold vein at its Kensington mine near Juneau, Alaska.

Only in the first phase of drilling, officials at the company say it'll take additional work before they will be able to give a solid estimate as to how much gold will be produced as a result of the new find.

A spokesman form Coeur d'Alene Mines said it has potential to turn into a major find, but it still has to be confirmed of course.

At this time the Kensington mine has an estimated 1.5 million ounces in gold reserves in it, with an unknown additional amount from the new gold vein.

Coeur d'Alene Mines

1 comment:

Anonymous said...

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