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McEwen Q2 highlighted by great drilling at Black Fox in Timmins

Jul 16, 2020

McEwen Mining Inc. released its second quarter results today and underground drilling at Black Fox are the clear highlights.

The company reports consolidated production for Q2 2020 was 15,700 gold ounces and 359,400 silver ounces, or 19,200 gold equivalent ounces(1)(“GEOs”), at the average gold:silver price ratio for the quarter of 104:1. Production was significantly impacted by temporary mine suspensions at all four of our operations as a result steps taken to stop the spread of COVID-19, along with operational issues at several mines. 

In Q2, Black Fox produced 2,200 GEOs. Mining was temporarily suspended at Black Fox from March 26th to April 13th due to health and safety concerns resulting from the COVID-19 pandemic. A progressive return to work was completed by the end of April. For the remainder of the quarter production was lower due to lower than expected grade and development work completed for establishing a greater number of mining areas in order to improve operational flexibility.

Development of the access to the Froome deposit is on track, having advanced 30% of the way to the orebody. The plan is to reach the orebody in Q2 2021, complete the necessary development and start production from Froome in Q4 2021.

At the Black Fox Mine, a total of 44,800 feet (13,650 m) of underground diamond drilling was completed between April 13th and June 30th, with 70% devoted to closely spaced definition drilling of gold mineralization within or adjacent to upcoming mining blocks (see Figure 1). Exploration is continuing on the upper west flank of the mine. During H1, this area has delivered some impressive high grade results. For details please refer to our news release dated June 17th, 2020 – Click here).

High-grade intercepts were generated from these ore definition holes, including:

  • 42.2 g/t Au over 2.0 m from hole 660-F953-13
  • 42.4 g/t Au over 2.5 m from hole 260-B242-07A
  • 20.9 g/t Au over 4.8 m from hole 260-B249-09

Tags: Northern Ontario / Operational Updates / Gold / All Articles