Investors: 800.432.5291 Français Legal/Privacy Careers Contact Responsible Mining Investors Quality Assets News & Events Our Company Overview Operating Mines Pre-Development Exploration Colorado, USA San Juan Silver Overview & Histroy Resources Exploration Future Plans Idaho, USA Nevada, USA Washington, USA British Columbia, Canada Quebec, Canada Durango, Mexico San Juan Silver Creede, Colorado Rio Grande Silver, Inc., a wholly owned subsidiary of Hecla, owns the San Juan Silver project located in a 21-square-mile land package in one of Colorado’s most prolific silver producing districts. The project consists of the historic producing Bulldog silver mine, closed in the mid-1980s due to prevailing silver prices, currently in pre-development to reactivate operations, as well as the advanced-stage exploration Equity and Amethyst Vein systems. Overview & History Historically, the epithermal veins of the Creede Mining District in Colorado have produced about 84 million ounces of silver from underground mining – the type of narrow-vein mining in which Hecla has particular expertise. Much like Hecla’s land position in Idaho’s Silver Valley, this 21-square-mile area was part of a major silver-producing district that had never been consolidated into one venture until the San Juan Silver JV was established in 2008. In December 2011, Hecla’s wholly owned subsidiary, Rio Grande Silver, Inc., acquired the remaining 30% interest from its joint venture partners in approximately 45% of the 21-square-mile consolidated land package. In addition to the 37-million-ounce resource confirmed and modeled by Hecla from historic records, exploration targets exist that may have the potential to discover significant additional resources in excess of 100 million ounces. Portal and underground access rehabilitation at the Equity project was initiated in the 3rd quarter of 2011 which allowed drilling to define resources along the Equity and North Amethyst veins. In late 2011, road access was established to the Bulldog portal and infrastructure was put in place to support a new decline into the Bulldog. The new Bulldog decline was completed in late 2013. This access is expected to allow confirmation of the resource and advancement of the ongoing scoping studies to determine the production viability, rate and sequencing of mining at the Bulldog. If economic resources and reserves are defined, development and production is anticipated to follow as soon as possible thereafter. Resources Information with respect to measured, indicated and inferred resources is set forth below. Exploration The Bulldog property is a major piece of the San Juan Silver land package that includes the historic Bulldog mine, which produced 25 million ounces of silver for Homestake Mining before closing in 1985 as a result of then depressed metals prices. Hecla has taken the preliminary steps necessary to re-access the Bulldog underground workings which will provide underground drill platforms to confirm and potentially expand resources, as well as provide a means to develop future mining plans. Recent drilling from the surface has defined mineralization 1,500 feet north of the current resource. Additional in-fill drilling will be conducted in this area from underground. While initial exploration will focus on expanding the historic resources of both the Bulldog and the Equity-North Amethyst mines, the consolidated land package encompasses more than 30 miles of additional prospective veins and vein splays. Large portions of the Bulldog, Amethyst, Equity, Alpha Corsair, and OH veins will provide exploration opportunities for many years. The Equity mine located in the northern portion of the Creede Mining District and north of the Bulldog mine was explored by a previous owner which outlined promising gold-silver mineralization in the 1980s. Hecla’s 2010 surface exploration program intersected significant mineralization at the intersection of the Equity and North Amethyst structures. The Equity decline was re-opened in the third quarter of 2011, and the underground rehabilitation work completed enabled Hecla to drill and evaluate the Equity and North Amethyst veins along strike and at depth. Underground drilling in 2012 and 2013 continued to outline multiple zones of high-grade, gold and silver-bearing veins near the intersection with the North Amethyst Vein. However, it did not generate sufficient tons to justify continuing at this time. Future Plans – Permitting Current activities are focused on water discharge permits and on an amendment to the 5-year Plan of Operations (POO) for surface exploration drilling. Subject to receipt of the permits and the amended POO, and improved market conditions, the Company expects to commence underground rehabilitation at the Bulldog mine to establish drill platforms. Inspections and reporting for Storm Water Management Plans and Spill Prevention Control and Countermeasure Plans continue. Investor Kit Annual Report Corporate Presentation Investor Fact Sheet Receive Email Alerts Quarterly Results Results are unavailable at this time. view all Current News News is unavailable at this time. view all subscribe Events & Webcasts Events are unavailable at this time. view all © 2021 Hecla Mining Company