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McEwen Mining reports upbeat exploration & delineation results

May 10, 2021

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 1https://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 2https://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