CERRO BAYO - CHILE
At Coeur’s Cerro Bayo mine in southern Chile, drilling continued on the Delia vein system, discovered in the second half of 2008, located approximately 500 meters south of the mine’s ore processing facilities.
A total of 108,700 feet (33,130 meters)of drilling were completed in the year on Delia and other targets. As a result of this work, s silver and gold mineralization at Delia now extends for over 1 kilometer on strike and 80 to 100 meters vertically and contributes to the increased mineral reserves in the district.
There are numerous targets and epithermal veins located within the Cerro Bayo district which offer exploration and development opportunities. To date, we have discovered over 100 veins in the district which covers over 30,000 hectare (over 116 sq. miles) of contiguous concessions. In addition, we control other concessions in Region XI of southern Chile for a total land position of 34,100 hectares (131 square miles). In the second half of 2009, new veins were discovered east of the Cerro Bayo Dome, a prominent geologic feature in the eastern part of the district, an westof the mill facilities at and area called Zona 2.
