Kensington Gold Project in Alaska

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Kensington Gold Project in Alaska

 
31.03.05 18:09
Press Release Source: Coeur d'Alene Mines Corporation

U.S. Forest Service Affirms Final SEIS and ROD for Kensington Gold Project in Alaska
Thursday March 31, 8:30 am ET

COEUR D'ALENE, Idaho, March 31 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's largest primary silver producer and a growing gold producer, is pleased to report today that the U.S. Forest Service as the lead agency has affirmed its previously-issued Final Supplemental Environmental Impact Statement (FSEIS) and Record of Decision (ROD) for Coeur's Kensington Gold Project in Alaska, which supports Coeur's operating and development plan for the project.

"As the project nears permitting completion, we look forward to working cooperatively and timely with the State of Alaska, Corps of Engineers and EPA, as they complete their permitting processes, so that Coeur can begin construction as targeted in July and be in full production in 2006. "

"Coeur is confidant Kensington will demonstrate our leading approach to sound environmental stewardship and resource development," Mr. Wheeler added.

Kensington is designed to produce approximately 100,000 ounces of gold annually, with a mine life of ten years.

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