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Section 1: 8-K (FORM 8-K)

hl20180211_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

____________________

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 12, 2018

 

HECLA MINING COMPANY
(Exact Name of Registrant as Specified in Its Charter)

 

Delaware 1-8491 77-0664171
(State or Other Jurisdiction  (Commission File Number) (IRS Employer Identification No.)
of Incorporation)    

              

6500 North Mineral Drive, Suite 200

Coeur d'Alene, Idaho 83815-9408

(Address of Principal Executive Offices) (Zip Code)

 

(208) 769-4100

(Registrant's Telephone Number, Including Area Code)

N/A
(Former name or Former Address, if changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))
     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 



 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On February 12, 2018, the Company issued a news release discussing certain exploration results for the fourth quarter of 2017. A copy of the Company’s news release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. The news release shall be deemed furnished, not filed, for purposes of this Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number

 

Description

     

99.1

 

News Release, dated February 12, 2018.

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:      February 12, 2018    
     

 

Hecla Mining Company

 

 

 

 

 

 

By:

/s/ David C. Sienko

 

 

 

David C. Sienko

 

 

 

Vice President & General Counsel

 

 

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Section 2: EX-99.1 (EXHIBIT 99.1)

ex_104909.htm

Exhibit 99.1

NEWS RELEASE

 

 

 

HECLA REPORTS DISCOVERIES AT SAN SEBASTIAN, CASA BERARDI AND GREENS CREEK

 

FOR IMMEDIATE RELEASE

February 12, 2018

 

COEUR D’ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the fourth quarter.

 

 

Exploration Highlights

 

 

San Sebastian continues to expand high-grade, polymetallic zones similar to the Hugh Zone on the Middle and Francine veins.

 

 

Casa Berardi has 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 at the West Mine Pillar and NW-SW zones.

 

 

Drilling of the 118 and 123 zones at Casa Berardi has discovered high-grade mineralization at depth and to the west.

 

 

Greens Creek exploration continues to expand the resource by drilling on known mineralized trends.

 

Our strategy of investing in exploration continues to add value, with considerable exploration success this year, including the record silver, gold and lead reserves announced last week,” said Phillips S. Baker, Jr., President and CEO. “This past quarter was no different than the full year. We continue to expand the polymetallic mineralization at San Sebastian, so much so that we expect to take a bulk sample this year. 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.

 

San Sebastian - Mexico

 

During the quarter, exploration with three core drills that were directed towards polymetallic mineralization successfully discovered new high-grade zones along the Middle and Francine veins.

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 1
 

 

 

Drilling of the 97 Zone along the West Middle Vein was directed toward a new zone of high-grade, polymetallic mineralization with similar mineral characteristics as the previously discovered Hugh Zone on the Francine Vein. The 97 Zone extends 1,000 feet along strike and 750 feet down-dip and is open to the east and at depth. This mineralization is located about 100 to 300 feet below the new Middle Vein underground mine ramp and a development drift has begun that will facilitate the collection of a bulk sample of the polymetallic mineralization this year. Recent assay results from step-out drilling include 10.2 oz/ton silver, 3% copper, 10% lead, and 18% zinc over 4.4 feet and 12.0 oz/ton silver, 4% copper, 6% lead, and 9% zinc over 5.4 feet. Drilling is planned to the east and at 1,000 feet of depth to evaluate the potential of polymetallic mineralization to extend below the 3,000 feet of strike length of the oxide reserves.

 

On the Francine Vein, drilling continues to intersect high-grade, polymetallic mineralization extending 600 feet to the west and 800 feet east of the current Hugh Zone resource for a total of over 5,000 feet of strike length. Recent vein intercepts suggest this polymetallic mineralization is closer to surface to the west. Recent assay results from drilling on the Francine Vein include 9.2 oz/ton silver, 2% copper, 5% lead, and 5% zinc over 6.3 feet to the east and 12.8 oz/ton silver, 2% copper, 4% lead and 6% zinc over 3.6 feet to the west.

 

As noted in the last quarter, a drill hole located 2,500 feet to the west of the Hugh Zone resource intersected a polymetallic vein with over six feet of true thickness. Results of step-out drilling in this area include 9.1 oz/ton silver, 3% copper, 3% lead, and 4% zinc over 2.6 feet. The vein is one of the most western intersections along the Francine Vein and is largely open between the most recent drilling west of the Hugh Zone.

 

Drilling continues to expand resources and evaluate polymetallic targets along the Middle and Francine veins and the plan is to also evaluate near-surface, oxide mineralization at the Provessor, North and Esperanza veins.

 

More complete drill assay highlights from San Sebastian can be found in Table A at the end of this release and a presentation showing drill intersection locations is available at the following: http://ir.hecla-mining.com/interactive/newlookandfeel/4130678/Hecla-Q4-2017ExplorationUpdate.pdf

 

Casa Berardi – Quebec

 

During the fourth quarter, six underground drills were used to refine stope designs, expand reserves and resources in the 118, 123, and 124 zones and confirm further potential at depth, to the west and in some cases to the east. Up to four drills on surface completed in-fill and exploration drilling that could expand the proposed Principal Pit and the current EMCP pit and discover new mineralization that could lead to pits in the west part of the mine.

 

At the Lower 118 Zone, drilling has confirmed the continuity of multiple mineralized lenses that extend over 1,600 feet down-plunge and remain open to depth and to the east and west of the current resources. Drilling near the bottom of the mine returned 0.90 oz/ton gold over 21.9 feet and 0.38 oz/ton gold over 37.8 feet and suggests there is good potential to extent high-grade resources to the west and to depth near the Casa Berardi Fault and below the current mine infrastructure.

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 2

 


 

 

Drilling of stacked, high-grade lenses of the 123 Zone is defining the connection of multiple mineralized lenses for over 1,600 feet of strike length and over 3,000 feet down-dip below the 1010 level. Drilling on the western extreme of the lower 123 Zone intersected 0.32 oz/ton gold over 37.1 feet, confirming the continuation of multiple lenses. Also, to the east there was an intersection grading 0.22 oz/ton gold over 24.0 feet. Drilling below the mine infrastructure intersected 0.41 oz/ton gold over 10.7 feet and 0.35 oz/ton gold over 11.5 feet. Drilling of the lower 123 Zone at the bottom of the mine confirmed vein continuity and shows that it is open at depth and to the east and west of the current resources.

 

Intersections from drilling on the upper part of the 124 Zone include 0.91 oz/ton gold over 4.6 feet and 0.42 oz/ton gold over 17.7 feet, suggesting mineralization continues down from surface and is open at depth and to the west. Drilling in this area has also confirmed the high-grade nature of the crown pillar below the proposed Principal Pit.

 

Surface and shallow underground drilling have identified extensions of potential pits that are being evaluated for production. Drilling along the northeast extension of the proposed Principal Pit area confirmed 1,200 feet of continuity to the northeast and includes an intersection of 0.11 oz/ton gold over 7.2 feet. Drilling targeting the shallow eastern extension of the 124 Zone intersected strong mineralization including 0.14 oz/ton gold over 9.7 feet. Underground drilling of this target is planned to evaluate deeper extensions of the high-grade shoots. Drilling on the west extension of the current EMCP pit has returned 0.09 oz/ton gold over 27.8 feet and 0.07 oz/ton gold over 50.7 feet to define an extension over 700 feet to the west of the current pit outline.

 

Drilling of the West Mine Surface Pillar within 800 feet of surface to the west of the west shaft intersected a broad mineralized zone of 0.04 oz/ton gold over 78.7 feet that contains an interval of 0.12 oz/ton gold over 13.8 feet. In-fill drilling in 2018 may convert a large portion of those resources to indicated category with the eventual incorporation into the life of mine plan.

 

Aggressive surface drilling programs are planned through 2018 at the 124 Zone (Principal area), 146/EMCP, West Mine Surface Pillar and South West zones to define a possible series of open pits along the Casa Berardi Fault. Underground drilling is expected to continue to expand and refine the lower 118, 121 and 123 zones lower in the mine.

 

More complete drill assay highlights from Casa Berardi can be found in Table A at the end of the release and a presentation showing drill intersection locations is available at the following: http://ir.hecla-mining.com/interactive/newlookandfeel/4130678/Hecla-Q4-2017ExplorationUpdate.pdf

 

Greens Creek – Alaska

 

At Greens Creek, drilling in the fourth quarter, targeting the East Ore, Deep 200 South, Gallagher, Deep Southwest and West zones, upgraded and expanded the known resources. Strong assay results were also received from previous drilling on the East Ore, Gallagher and Deep 200 South zones.

 

In the East Ore Zone intersections from definition drilling, including 32.3 oz/ton silver, 0.18 oz/ton gold, 9.0% zinc and 4.8% lead over 19.8 feet, compare favorably to previously modeled resource estimates, particularly at higher elevations. Step-out drilling, including an intersection of 54.2 oz/ton silver, 0.43 oz/ton gold, 4.25% zinc and 1.34% lead over 19.0 feet, suggest strong mineralization continues beyond the resource to the south and at depth. Aggressive drilling of the East Ore Zone is planned to continue well into 2018 with the goal of confirming reserves and expanding the known resource.

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 3
 

 

 

Definition drilling of the southern portion of the Deep 200 South Zone, including 40.1 oz/ton silver, 0.03 oz/ton gold, 6.0% zinc and 4.2% lead over 18.9 feet, improved the high-grades and upgraded it to indicated resource. Exploration drilling south of the current resource has extended 200 South Bench mineralization another 300 feet with an intersection of 23.6 oz/ton silver, 0.06 oz/ton gold, 2.5% zinc and 1.3% lead over 19.5 feet. Recent exploration drilling further south suggests the bench mineralization remains robust.

 

Drilling of the Gallagher Zone confirmed modeled thicknesses and may have increased the resource by defining mineralization further to the west and east beyond the current resource. Intersections from this program include 25.3 oz/ton silver, 0.01 oz/ton gold, 0.7% zinc and 0.3% lead over 9.4 feet and 8.4 oz/ton silver, 0.03 oz/ton gold, 11.8% zinc and 6.4% lead over 11.2 feet.

 

Underground drilling for the remainder of the year is planned to focus on the East Ore, Upper Plate, Deep 200 South, and Gallagher zones.

 

More complete drill assay highlights from Greens Creek can be found in Table A at the end of this release and a presentation showing drill intersection locations is available at the following: http://ir.hecla-mining.com/interactive/newlookandfeel/4130678/Hecla-Q4-2017ExplorationUpdate.pdf.

 

ABOUT HECLA

 

 

Founded in 1891, Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska, Idaho and Mexico, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in seven world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada.

 

Cautionary Statements Regarding Forward Looking Statements

 

Statements made or information provided in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities laws. Words such as may, will, should, expects, intends, projects, believes, estimates, targets, anticipates and similar expressions are used to identify these forward-looking statements. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that the Companys plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which the Companys operations are subject.

 

Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, litigation, regulatory and environmental risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the Company's Form 10K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.

 

Cautionary Statements to Investors on Reserves and Resources

 

Reporting requirements in the United States for disclosure of mineral properties are governed by the SEC and included in the SEC's Securities Act Industry Guide 7, entitled “Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations” (Guide 7). However, the Company is also a “reporting issuer” under Canadian securities laws, which require estimates of mineral resources and reserves to be prepared in accordance with Canadian National Instrument 43-101 (NI 43-101). NI 43-101 requires all disclosure of estimates of potential mineral resources and reserves to be disclosed in accordance with its requirements. Such Canadian information is being included here to satisfy the Company's “public disclosure” obligations under Regulation FD of the SEC and to provide U.S. holders with ready access to information publicly available in Canada.

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 4
 

 

 

Reporting requirements in the United States for disclosure of mineral properties under Guide 7 and the requirements in Canada under NI 43-101 standards are substantially different. This document contains a summary of certain estimates of the Company, not only of proven and probable reserves within the meaning of Guide 7, but also of mineral resource and mineral reserve estimates estimated in accordance with the definitional standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101. Under Guide 7, the term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination.  The term “economically,” as used in the definition of reserve, means that profitable extraction or production has been established or analytically demonstrated to be viable and justifiable under reasonable investment and market assumptions.  The term “legally,” as used in the definition of reserve, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Hecla must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Hecla’s current mine plans. The terms “measured resources”, “indicated resources,” and “inferred resources” are Canadian mining terms as defined in accordance with NI 43-101. These terms are not defined under Guide 7 and are not normally permitted to be used in reports and registration statements filed with the SEC in the United States, except where required to be disclosed by foreign law. The term “resource” does not equate to the term “reserve”. Under Guide 7, the material described herein as “indicated resources” and “measured resources” would be characterized as “mineralized material” and is permitted to be disclosed in tonnage and grade only, not ounces. The category of “inferred resources” is not recognized by Guide 7. Investors are cautioned not to assume that any part or all of the mineral deposits in such categories will ever be converted into proven or probable reserves. “Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of such a “resource” will ever be upgraded to a higher category or will ever be economically extracted. Investors are cautioned not to assume that all or any part of a “resource” exists or is economically or legally mineable. Investors are also especially cautioned that the mere fact that such resources may be referred to in ounces of silver and/or gold, rather than in tons of mineralization and grades of silver and/or gold estimated per ton, is not an indication that such material will ever result in mined ore which is processed into commercial silver or gold.

 

Qualified Person (QP) Pursuant to Canadian National Instrument 43-101

 

Dean McDonald, PhD. P.Geo., Senior Vice President - Exploration of Hecla Mining Company, who serves as a Qualified Person under National Instrument 43-101, supervised the preparation of the scientific and technical information concerning Hecla’s mineral projects in this news release. Information regarding data verification, surveys and investigations, quality assurance program and quality control measures and a summary of sample, analytical or testing procedures for the Greens Creek Mine are contained in a technical report prepared for Hecla titled “Technical Report for the Greens Creek Mine, Juneau, Alaska, USA” effective date March 28, 2013, and for the Lucky Friday Mine are contained in a technical report prepared for Hecla titled “Technical Report on the Lucky Friday Mine Shoshone County, Idaho, USA” effective date April 2, 2014, for the Casa Berardi Mine are contained in a technical report prepared for Hecla titled "Technical Report on the Mineral Resource and Mineral Reserve Estimate for the Casa Berardi Mine, Northwestern Quebec, Canada" effective date March 31, 2014 (the "Casa Berardi Technical Report"), and for the San Sebastian Mine are contained in a technical report prepared for Hecla titled "Technical Report for the San Sebastian Ag-Au Property, Durango, Mexico" effective date September 8, 2015. Also included in these three technical reports is a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources 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. Copies of these technical reports are available under Hecla's profile on SEDAR at www.sedar.com.

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 5
 

 

 

For further information, please contact:

 

Mike Westerlund

Vice President, Investor Relations

800-HECLA91 (800-432-5291)

Investor Relations

Email: hmc-info@hecla-mining.com

Website: www.hecla-mining.com

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 6
 

 

 

Table A - Assay Results – Q4 2017

 

San Sebastian (Mexico)

 

Zone

Drill Hole Number

Sample From (ft)

Sample To (ft)

Width (feet)

True Width (feet)

Gold (oz/ton)

Silver (oz/ton)

Zinc (%)

Lead (%)

Copper (%)

Middle Vein  

SS-1450

818.3

821.5

3.2

2.0

0.00

2.6

1.4

1.08

0.35

Middle Vein  

SS-1454

987.4

996.3

9.0

5.4

0.07

12.0

8.5

5.46

4.36

Middle Vein  

SS-1458

1095.2

1099.7

3.2

3.6

0.00

3.5

3.1

2.78

0.99

Middle Vein  

SS-1460

1298.4

1304.3

3.5

4.4

0.00

10.2

17.5

10.30

2.55

East Francine

SS-1437

859.3

881.2

21.9

18.4

0.00

0.2

0.1

0.03

0.06

East Francine

SS-1438

1368.5

1376.0

7.5

6.3

0.00

9.2

5.2

5.42

1.73

East Francine

SS-1444

1613.1

1624.6

11.5

9.6

0.00

4.6

4.0

1.48

1.47

East Francine

SS-1448

1708.6

1712.4

3.8

3.2

0.01

6.4

5.6

2.99

0.67

East Francine

SS-1453

1370.8

1379.5

8.8

7.4

0.00

3.0

3.6

2.13

0.43

East Francine

SS-1465

1696.4

1702.5

6.1

5.1

0.00

4.1

2.4

1.47

1.16

Francine

SS-1471

982.6

996.6

14.0

11.8

0.04

4.7

2.1

2.41

0.69

West Francine

SS-1474

663.5

667.8

4.3

3.6

0.00

12.8

5.9

3.86

2.17

West Francine

SS-1475

1504.0

1505.3

1.3

1.1

0.00

11.6

10.0

4.93

3.07

West Francine

SS-1478

1173.4

1175.7

2.3

1.9

0.06

15.1

0.5

0.30

1.06

West Francine

SS-1459

991.9

995.0

3.1

2.6

0.00

9.1

3.6

2.85

3.22

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 7
 

 

 

Casa Berardi (Quebec)

 

Zone

Drill Hole Number

Drill Hole Section

Drill Hole Azm/Dip

Sample From

Sample To

True Width (feet)

Gold (oz/ton)

Depth From Mine Surface (feet)

Lower 118 - 990 Area

CBP-0990-033

12137

341/-14

187.0

229.7

37.8

0.38

-3286.6

118

CBP-0990-034

12136

341/22

203.4

213.3

10.5

0.39

-3148.6

118

CBP-0990-035

12151

354/-20

206.7

223.1

15.1

0.31

-3308.7

118

CBP-0990-042

12152

354/-38

196.9

210.0

10.7

0.35

-3358.1

118

CBP-0990-042

12152

354/-38

239.5

265.7

21.9

0.90

-3387.3

118

CBP-0990-045

12139

341/-34

213.3

266.7

42.1

0.41

-3358.5

Lower 123 - 870-990 Area

CBP-0870-123

12212

193/-4

152.9

190.3

37.1

0.32

-2822.1

123

CBP-0870-124

12222

179/-17

199.1

210.0

10.2

0.15

-2865.7

123

CBP-0870-125

12241

168/-24

482.3

495.4

12.1

0.20

-2955.1

123

CBP-0870-127

12198

242/35

72.2

137.1

62.0

0.11

-2744.9

123

CBP-0870-127

12152

242/35

312.0

321.5

8.5

0.17

-2623.7

123

CBP-0870-127

12138

242/35

367.1

400.9

24.0

0.22

-2584.8

123

CBP-0870-130

12201

242/26

75.8

84.3

7.5

0.26

-2770.9

123

CBP-0950-055

12365

180/23

68.9

141.1

71.6

0.32

-3073.4

123

CBP-0950-056

12366

180/0

75.5

167.3

90.5

0.26

-3116.6

123

CBP-0950-057

12365

180/-13

90.2

173.2

73.7

0.25

-3146.6

123

CBP-0950-060

12345

178/36

71.5

113.5

40.0

0.25

-3060.4

123

CBP-0950-061

12345

181/4

75.5

104.3

26.9

0.52

-3112.6

123

CBP-0950-062

12345

181/-16

113.2

149.6

32.5

0.73

-3156.3

123

CBP-0950-063

12345

180/-28

117.1

169.9

54.9

0.33

-3187.0

123

CBP-0950-065

12329

180/1

92.2

119.8

26.1

0.40

-3114.0

123

CBP-0950-069

12346

180/20

59.7

102.4

42.6

0.47

-3087.9

123

CBP-0950-076

12390

177/29

51.5

62.3

10.2

0.55

-3083.3

123

CBP-0950-078

12390

180/-27

9.2

26.6

11.3

0.65

-3124.1

123

CBP-0950-079

12390

180/-40

12.5

49.2

19.0

0.54

-3136.4

123

CBP-0950-080

12387

180/28

39.4

61.7

19.8

0.59

-3086.5

123

CBP-0675

11985

360/-36

200.1

219.8

19.5

0.31

-3341.0

123

CBP-0675

11989

360/-36

465.9

476.0

10.1

0.25

-3491.0

123

CBP-0678

12025

360/-23

649.6

661.4

10.7

0.41

-3475.8

123

CBP-0681

12078

360/-24

587.3

600.1

11.7

0.35

-3459.8

123

CBP-0648

12329

190/-46

39.4

54.1

11.5

0.35

-3165.2

123

CBP-0648

12280

190/-46

853.0

866.1

7.5

0.25

-3690.0

Upper Principal 124 - 210 area

CBP-0210-032

12420

359/28

150.3

170.6

17.7

0.42

-606.9

124

CBP-0210-036

12432

4/46

137.8

157.5

10.5

0.21

-576.0

124

CBP-0210-038

12445

27/32

106.0

113.8

4.6

0.91

-625.8

124

CBP-0210-039

12466

26/42

125.0

134.5

6.5

0.33

-595.3

Explo Surface Principal Area

CBS-17-803

13075

360/-45

721.8

755.6

26.2

0.02

-519.6

124

CBS-17-804

13286

360/-45

319.9

329.7

7.2

0.11

-226.3

124

CBS-17-811

12802

15/-65

543.3

748.0

139.8

0.06

-565.5

124

CBS-17-812

12850

0/-46

190.3

205.1

9.7

0.14

-140.2

124

CBS-17-812

12862

0/-46

1184.4

1186.0

1.0

1.09

-789.9

Surface EMCP pit

CBF-148-049

14621

360/-60

426.5

465.9

27.8

0.09

-389.8

148

CBF-148-049

14618

360/-60

547.9

613.5

50.7

0.07

-500.2

148

CBF-148-050

14599

345/-45

446.2

493.8

40.1

0.04

-340.9

148

CBF-148-051

14653

15/-45

518.4

590.6

64.8

0.03

-392.5

148

CBF-148-052

14628

360/-60

239.5

334.6

72.4

0.06

-262.2

148

CBF-148-052

14626

360/-60

364.2

423.2

41.0

0.05

-354.8

Surface - NW-SW Area

CBS-17-777

10561

1/-44

472.4

502.0

23.0

0.05

-358.2

NW-SW

CBS-17-806

10411

360/-55

1082.0

1107.3

14.4

0.02

-897.3

NW-SW

CBS-17-807

10371

360/-50

816.9

933.1

78.7

0.04

-685.8

NW-SW

CBS-17-808

10381

360/-45

531.5

551.2

18.3

0.02

-405.3

NW-SW

CBS-17-808

10372.19

360/-45

900.6

915.4

13.8

0.12

-649.7

NW-SW

CBS-17-815

9585

360/-60

477.4

492.1

11.2

0.06

-444.0

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 8
 

 

 

Greens Creek (Alaska)

 

Zone

Drill Hole Number

Drillhole Azm/Dip

Sample From

Sample To

True Width (feet)

Silver (oz/ton)

Gold (oz/ton)

Zinc (%)

Lead (%)

Depth From Mine Portal (feet)

East Ore Definition

GC4672

63/30

466.50

476.50

9.0

12.33

0.09

18.28

4.02

772

 

GC4676

63/25

566.00

567.50

1.2

24.42

0.17

5.77

3.45

945

 

 

 

571.50

576.00

3.5

36.59

0.13

5.07

2.63

949

 

 

 

580.00

585.00

3.9

20.94

0.16

14.99

4.98

952

 

GC4688

63/-20

362.00

381.00

19.0

54.24

0.43

4.25

1.34

569

 

GC4692

63/30

643.00

646.00

1.5

14.31

0.00

5.16

0.82

1019

 

GC4704

63/-5

384.50

386.00

1.3

14.25

0.04

7.87

2.42

655

 

GC4706

63/-19

368.00

373.80

5.8

15.72

0.06

6.37

4.20

566

 

GC4707

63/-46

356.10

359.20

3.1

28.14

0.02

4.79

2.76

440

 

GC4708

63/-61

362.20

366.60

4.3

34.25

0.05

4.70

2.89

378

 

GC4709

63/-85

453.80

455.00

1.1

23.16

0.24

7.47

1.67

249

 

GC4715

63/-84

446.00

452.80

5.8

40.96

0.00

4.92

3.10

245

 

GC4719

63/20

519.50

524.00

4.4

16.99

0.04

1.85

0.82

797

 

GC4720

63/11

491.50

495.00

3.2

314.49

0.98

6.05

0.49

887

 

GC4723

63/-13

366.00

369.00

2.9

15.34

0.11

10.35

4.60

625

 

GC4726

63/-74

301.50

346.00

42.1

12.54

0.16

11.97

4.59

415

 

 

 

377.00

397.50

19.8

15.41

0.10

12.20

5.59

371

 

GC4743

63/-63

242.00

264.00

19.8

32.30

0.18

8.97

4.82

483

 

 

 

302.70

304.50

1.7

58.31

0.25

4.84

2.33

470

 

GC4746

63/-84

316.00

318.00

1.4

15.97

0.12

1.97

0.08

388

 

 

 

413.00

416.20

2.5

10.32

0.05

13.22

2.67

378

 

GC4764

63/-62

229.20

238.00

8.5

29.09

0.10

8.75

3.88

502

 

 

 

247.50

248.50

1.0

13.67

0.00

4.28

2.28

487

 

GC4769

108/-73

236.50

252.00

13.7

11.51

0.07

5.76

2.23

476

Deep 200 South Definition

GC4727

63/-87

236.00

248.50

12.1

15.25

0.00

7.83

4.30

-1513

 

 

 

318.00

330.00

12.0

13.38

0.19

2.17

1.55

-1596

 

GC4730

63/-77

355.00

361.70

5.8

12.20

0.26

2.37

1.43

-1641

 

GC4731

243/-76

647.00

665.00

14.0

15.83

0.14

1.12

0.59

-1658

 

GC4732

243/-51

163.00

168.00

3.4

27.44

0.03

0.52

0.24

-1410

 

 

 

327.50

330.60

2.2

13.42

0.00

2.34

1.02

-1533

 

 

 

587.00

592.10

3.0

18.98

0.03

0.38

0.21

-1726

Deep 200 South Exploration

GC4671

63/-87

409.00

411.00

2.0

34.06

0.06

1.03

0.47

-1691

 

GC4679

63/-78

482.00

490.00

2.7

16.26

0.08

0.75

0.51

-1756

 

GC4683

243/-85

183.00

187.00

4.0

32.51

0.02

6.98

3.34

-1464

 

 

 

216.00

237.00

18.9

40.07

0.03

6.02

4.17

-1493

 

 

 

389.50

391.00

1.5

27.67

0.10

0.99

0.55

-1667

 

GC4691

243/-54

596.40

598.00

1.3

22.08

0.00

2.69

1.02

-1764

 

GC4695

243/-65

206.30

208.00

1.5

16.54

0.00

2.45

2.03

-1468

 

GC4736

63/-73

688.20

690.00

1.4

10.98

0.04

6.81

3.02

-1936

 

GC4741

243/-83

64.00

71.00

6.9

37.70

0.03

11.76

6.07

-1349

 

 

 

97.20

103.00

3.7

30.20

0.20

7.74

3.88

-1381

 

 

 

124.20

230.00

22.4

24.09

0.08

3.37

1.60

-1405

 

 

 

543.80

548.00

4.0

46.62

0.15

1.18

0.58

-1798

 

 

 

688.00

694.70

6.2

52.67

0.23

4.84

2.44

-1822

 

GC4748

243/-76

67.00

68.00

0.9

24.08

0.00

15.01

8.40

-1351

 

 

 

176.10

201.60

19.5

23.61

0.06

2.51

1.31

-1457

 

 

 

503.00

513.00

9.7

13.30

0.08

6.78

3.30

-1767

 

 

 

565.80

569.50

3.6

12.12

0.03

2.60

1.22

-1829

 

 

 

693.60

711.00

14.8

28.72

0.15

1.69

0.94

-1955

 

GC4751

243/-65

61.00

65.50

4.3

17.51

0.00

11.92

5.51

-1345

 

 

 

597.00

599.00

2.0

21.39

0.00

0.38

0.22

-1828

 

GC4754

243/-53

57.00

66.00

9.0

17.81

0.01

14.56

8.67

-1333

 

 

 

257.00

263.50

6.4

178.47

0.01

8.33

4.33

-1496

Gallagher Definition

GC4677

27/56

22.00

25.50

3.3

14.56

0.00

9.77

5.50

-687

 

 

 

49.00

65.00

14.5

6.91

0.01

10.10

5.43

-658

 

GC4681

261/40

49.00

51.00

1.3

13.67

0.00

11.08

4.90

-675

 

 

 

162.70

173.40

9.1

5.33

0.41

7.87

4.13

-617

 

GC4686

252/9

344.00

349.50

2.5

26.93

0.08

8.00

4.41

-653

 

GC4693

243/30

29.80

32.00

1.9

8.80

0.00

10.53

5.20

-618

 

GC4696

63/-85

475.00

484.50

9.4

25.34

0.00

0.73

0.34

-1184

 

GC4703

243/10

578.50

593.80

11.2

8.39

0.03

11.79

6.44

-591

 

 

 

606.50

611.00

3.3

5.73

0.03

9.24

4.61

-587

 

GC4705

243/6

342.60

344.00

1.0

8.61

0.01

9.97

4.80

-632

 

  Investor Relations, Hecla Mining Company – 1-800-432-5291 – hmc-info@hecla-mining.com 9
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