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HECLA RECEIVES GROUSE CREEK PERMITS, ANNOUNCES DRILLING RESULTS

HECLA RECEIVES GROUSE CREEK PERMITS, ANNOUNCES DRILLING RESULTS
 COEUR D'ALENE, Idaho, Sept. 23 /PRNewswire/ -- Hecla Mining Co. (NYSE: HL; PSE) today announced it has received the federal and state environmental permits necessary to begin construction on its Grouse Creek gold mine located in the historic Yankee Fork district of south central Idaho. The deposit is situated in an environmentally sensitive area, and the mine plan has been carefully designed to minimize the impact of the operation on other natural resources.
 Approval of the permits took longer than anticipated because of design improvements implemented earlier this year, which changed the mine plan and required amended permits. This delay effectively halted any major construction effort in 1992, due to the seasonal construction plan required at the 7,300-foot elevation project site. However, site preparation and wetland mitigation work will begin in this fall as planned. Subject to acceptable financing arrangements, full-scale construction will begin in 1993 and is expected to be completed by late 1994 or early 1995. Initially, the mine is expected to produce 100,000 ounces of gold and 400,000 ounces of silver per year. In later years, the mine will produce about 70,000 ounces of gold and approximately 2.5 million ounces of silver annually.
 Significant new gold and silver mineralization was recently encountered in a surface drilling program intended to explore open ore extensions of the existing deposit. Most notable was hole number 92-706, located about 1/2 mile south of the Sunbeam deposit, which had a 90-foot interval (50-foot true width), assaying 0.056 ounce of gold per ton and 21.8 ounces of silver per ton. This same interval included a 10-foot section assaying 0.372 ounce of gold per ton and 166.7 ounces of silver per ton. Follow-up drilling in the area will scheduled this fall or early in 1993.
 Arthur Brown, Hecla's chairman and chief executive officer said, "We appreciate the support we've received from the community for this project, and I'm pleased that the permitting process, although very complicated, has gone quite smoothly. This reflects the hard work of the government agencies involved and our people at the Grouse Creek Project."
 Hecla Mining Co., headquartered in Coeur d'Alene, has more than 100 years of experience in producing gold and silver, and is a major supplier of ball clay, kaolin, feldspar and specialty aggregates.
 -0- 9/23/92
 /CONTACT: Bill Booth, manager - investor and public affairs, Hecla Mining, 208-769-4100/
 (HL) CO: Hecla Mining Co. ST: Idaho IN: MNG SU:


JH-LM -- SE002 -- 2474 09/23/92 08:32 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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