McEwen Mining reports upbeat exploration & delineation results
McEwen Mining Inc. is reporting strong exploration results from the ongoing drilling at the Stock West project near Timmins. The Stock West target, initially discovered in late-2019, is being drill-tested as part of a fully funded two-year $20 million exploration and delineation program at the Fox Complex. Drilling is designed to support a Preliminary Economic Assessment (PEA), currently underway, to evaluate the potential of expanding mining operations.
The company is also pleased to update progress on the $5 million drilling program at the Gold Bar mine property near Eureka, Nevada, where encouraging new results support our confidence in the geological and mineral resource model driving operational improvement. A new drill result from the San Jose Property in Argentina may have meaningful implications for ongoing exploration.
Stock West Drilling, Ontario
A total of 57 holes have been completed at the Stock West target since August 2020. The majority of these are designed to support litho-structural modeling and expand or infill an ongoing mineral inventory estimate. Encouraging new assay results (across true widths) from the 2020-2021 second exploration phase include the following:
- 8.43 g/t Au over 14.3 m including 23.68 g/t Au over 1.1 m – hole S20-138a
- 6.76 g/t Au over 15.6 m including 43.00 g/t Au over 0.4 m – hole S20-148
- 6.08 g/t Au over 25.7 m including 28.30 g/t Au over 0.6 m – hole S20-149
- 6.21 g/t Au over 19.0 m – hole S20-154
- 3.80 g/t Au over 7.3 m – hole S21-157
For several holes, some of which contain visible gold (VG), assay results that are pending. Figure 1 provides a longitudinal section view of the multiple target areas at Stock. Figure 2 focuses on Stock West with a longitudinal view of the mineralization showing the pierce points of the various intercepts detailed in Table 1.
Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7f7f562-351a-41e3-a51e-aaf8ea22c326
Data from the current drilling campaign is being integrated into the geological and resource models. For a complete list of drilling results at Stock West since August 2020, please visit www.mcewenmining.com.
Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/075f1df3-449f-470d-9460-21bae5c44bb2
Executive Vice President (Exploration) Stephen McGibbon commented: "The recent drilling results from Stock West are less than 1/3 of a mile (500 m) from our Fox Complex mill and are a great example of the near-term growth opportunities that will augment the Company's strategic decision-making over the next two years."
Tags: Northern Ontario / Exploration / Gold / All Articles