The Prospector News

McEwen Mining: More Good News From Grey Fox

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

McEwen Mining: More Good News From Grey Fox

 

 

 

 

 

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report new high-grade drill results from Grey Fox, which is part of the Black Fox Complex, located in the prolific Timmins gold district, Canada (see Figure 1).

 

“Our exploration at Grey Fox has focused on drilling mineralized cross structures that were not previously well understood or drill tested. We have been successful in identifying more of these structures and we believe that they represent a good opportunity to increase the current gold resource of 567 Koz at 7.1 g/t Au. A new resource update for Grey Fox will be published later this month,” said Sylvain Guerard, SVP Exploration.

 

The Grey Fox Area is comprised of four deposits: 147, 147NE, Contact and South, and two neighbouring targets; Whiskey Jack and Gibson (see Figure 2).

 

Drill results in this news release highlight the growth potential associated with northwest dipping mineralized structures. During 2019, targeting these structures led to the discovery of the 147NE deposit in the central part of the Grey Fox area. Multiple new intersections such as the extensions of the 147 and South zones strongly suggest the presence of similar important mineralized structures.

 

South zone drilling targeted structures similar to the 147NE zone. Significant intersections were returned, such as 13.6 g/t Au over 12.2 m, 29.1 g/t Au over 4.1 m, and 4.9 g/t Au over 18.2 m.

 

Table 1 – Highlights of Drill Results from the South Zone:

 

 

Hole ID From
(m)
To
(m)
Core Length (m) Au Grade
(g/t)
Estimated True Width (m)
19GF-1240 214.00 240.00 26.0 3.2 21.1
Including 217.05 220.00 2.9 12.7 2.4
Including 226.00 230.00 4.0 5.4 3.2
19GF-1261 69.00 84.00 15.0 13.6 12.2
Including 72.00 73.00 1.0 23.2 0.8
Including 82.00 83.00 1.0 126.5 0.8
19GF-1276 178.90 185.00 6.1 11.0 5.1
Including 180.00 182.10 2.1 28.4 1.7
19GF-1277 98.00 103.00 5.0 29.1 4.1
Including 98.00 99.50 1.5 49.7 1.2
19GF-1281 33.80 39.40 5.6 8.8 4.6
19GF-1310 336.00 357.00 21.0 4.9 18.2
Including 340.00 341.00 1.0 17.6 0.9
Including 355.80 357.00 1.2 15.6 1.0
ND – not determined

 

147NE zone outcrops at surface and extends along a strike length of 1,000 feet (300 m) and to a depth of 1,150 ft (350 m). New drilling highlights include: 12.4 g/t Au over 5.1 m, 13.0 g/t Au over 3.2 m, and 159.3 g/t Au over 1.6 m.

 

Table 2 – Highlights of Drill Results from the 147NE Zone:

 

 

Hole ID From
(m)
To
(m)
Core Length (m) Au Grade
(g/t)
Estimated True Width (m)
19GF-1212 297.00 300.90 3.9 13.0 3.2
Including 299.00 300.90 1.9 20.3 1.6
19GF-1214 237.00 248.00 11.0 5.4 9.1
Including 238.00 241.00 3.0 7.5 2.5
Including 245.45 247.45 2.0 15.4 1.7
19GF-1229 131.00 133.00 2.0 33.9 1.6
Including 132.00 133.00 1.0 67.1 0.8
19GF-1247 195.00 197.00 2.0 39.4 1.7
Including 195.00 196.00 1.0 78.5 0.8
19GF-1253 56.00 58.00 2.0 159.3 1.6
Including 56.00 57.20 1.2 265.0 1.0
19GF-1314 222.00 224.00 2.0 27.8 1.7
Including 223.00 224.00 1.0 55.5 0.8
And 400.00 402.00 2.0 30.8 1.7
Including 401.00 402.00 1.0 61.3 0.8
19GF-1316 265.00 271.00 6.0 12.4 5.1
Including 265.00 270.20 5.2 14.1 4.5
Including 268.00 270.20 2.2 28.6 1.9
ND – not determined

 

147 zone also outcrops at surface making it, and the 147NE zone, potentially suitable for open pit mining. Drill hole assays from this target returned narrow high-grade intersections including: 120.5 g/t Au over 0.9 m (from just 7.9 m down hole), 56.3 g/t Au over 0.9 m and 27.8 g/t Au over 1.7 m.

 

Table 3 – Highlights of Drilling Results from the 147 Zone:

 

 

Hole ID From
(m)
To
(m)
Core Length (m) Au Grade
(g/t)
Estimated True Width (m)
19GF-1257 217.00 218.00 1.0 56.3 0.9
19GF-1259 7.00 9.00 2.0 66.3 1.7
Including 7.90 9.00 1.1 120.5 0.9
19GF-1267 54.00 65.00 11.0 3.2 9.2
Including 64.00 65.00 1.0 13.6 0.8
And 371.00 375.00 4.0 14.4 3.4
Including 371.00 373.00 2.0 27.8 1.7
ND not determined

 

Complete assay results from the latest drilling on the Grey Fox zones:

http://mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Feb2020_Grey_Fox_composites_cog1_V3.xlsx

 

Figure 1 – Black Fox Property – Plan View:

https://www.mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Figure_1_BF_Property.pdf

 

Figure 2 – Grey Fox Area Mineralization & Drill Hole Location – Plan View:

https://www.mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Figure_2_Grey_Fox_Area.pdf

 

For a glossary of technical terms and their definitions, please consult our mining glossary:

https://www.mcewenmining.com/investor-relations/glossary/default.aspx

 

ABOUT MCEWEN MINING

 

McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen’s goal is to create a profitable gold and silver producer focused in the Americas.

 

McEwen has approximately 400 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 20% of the shares.

 

QUALIFIED PERSON

 

Technical information pertaining to geology and exploration contained in this news release has been prepared under the supervision of Ken Tylee, P.Geo. Mr. Tylee is a “qualified person” within the meaning of NI 43-101.

 

Posted February 13, 2020

Share this news article

MORE or "UNCATEGORIZED"


Triple Flag Announces US$550 million Gold and Silver Stream on CMOC's Northparkes Mine

Triple Flag Precious Metals Corp. is pleased to announce that its... READ MORE

July 12, 2020

Euro Manganese Announces Closing of First Tranche of Private Placement

Euro Manganese Inc. (TSX-V:EMN ) (ASX: EMN) is pleased to announc... READ MORE

July 10, 2020

Supreme Metals Announces Closing of Non-Brokered Private Placement and Finalizes Acquisition of Sol Sureno

Supreme Metals Corp. (CSE: ABJ) (FSE:A68) announced that it has c... READ MORE

July 10, 2020

Aben Closes Private Placement

Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankf... READ MORE

July 10, 2020

Thor Explorations Closes First Tranche Private Placement Raising $12.5m (us$9.2m)

Thor Explorations Ltd. (TSX-V: THX) is pleased to announce that i... READ MORE

July 10, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions