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McEwen Mining releases new Tamarack resource estimate
MCEWEN MINING ANNOUNCES POTENTIAL NEW SOURCE OF REVENUE AT THE BLACK FOX COMPLEX
McEwen Mining Inc. has provided an updated mineral resource estimate for the Tamarack gold and base metal deposit at the 100-per-cent-owned Black Fox complex in Matheson, Ont. The Black Fox complex comprises the Black Fox mine and the Tamarack, Gibson-Grey Fox, Froome and Stock zones. The base metal component of the Tamarack resource is being included for the first time.
"This is the first time that base metals have been in incorporated into a resource estimate for the Tamarack project. With further drilling, we are excited to see how the project develops into what could be an additional revenue stream at Black Fox," said Rob McEwen, chairman and chief owner.
The new resource estimate increased from 41,000 inferred ounces gold at a grade of 6.23 grams per tonne gold (previous resource effective Oct. 31, 2017) to 127,000 indicated ounces gold equivalent at a grade of 5.08 grams per tonne gold equivalent with the inclusion of silver, lead and zinc mineralization.
The updated resource estimate for Tamarack is the result of 46 new surface and underground exploration, delineation, and definition drill holes completed between October, 2017, and April, 2018, and already-existing base metal assays not considered in previous estimates.
www.stockwatch.com/News/Item.aspx?bid=Z-C:MUX-2613647
McEwen Mining Announces New Preliminary Economic Assessment Extending Life an Additional 10 Years in Mexico
Highlights of the Project Fenix PEA at $1,250/oz gold and $16/oz silver prices(1)(2):
The PEA was prepared by GR Engineering Services Limited (GRES), an engineering, consulting and contracting company, under the direction of McEwen Mining in accordance with the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”).
www.minenportal.de/...Additional-10-Years-in-Mexico%20target=
MCEWEN MINING BLACK FOX EXPLORATION NEWS
McEwen Mining Inc. has released additional encouraging exploration results from its continuing $15-million exploration program at the Black Fox complex near Timmins, Ont., Canada.
McEwen's 2018 exploration goals are to grow known deposits and make new discoveries to contribute to near-term gold production. During Q2 a total of 129,000 ft (39,300 meters (m)) of surface exploration drilling was completed at Black Fox Complex, for a year-to-date total of 220,000 ft (66,900 m).
"Our drilling continues to deliver very encouraging results, particularly from the three project areas highlighted in this release: Stock East, Froome and Gibson. Continued drilling success reinforces our view about the strong exploration potential of both the Black Fox and Stock properties," stated Sylvain Guerard, Senior Vice-President Exploration.
Three of our exploration targets are covered in this release: Stock East, Froome and Gibson. Underground delineation drilling intercepts from Black Fox are also included, along with a revised Black Fox Mine resource estimate, which eliminates the Inferred resource category and increases the Indicated ounces and grade.
www.stockwatch.com/News/Item.aspx?bid=Z-C:MUX-2637240
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Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
4 | 1.663 | Jetzt geht's los | Heron | fishbet | 12.04.24 14:46 | |
4 | 418 | Info-Neuer Thread | Heron | Heron | 25.04.21 00:03 | |
12 | Schluß jetzt mit der Modeerscheinung Gold!? | Grieske Sven | Grieske Sven | 04.07.17 23:34 | ||
8 | 308 | SP500 Finale MCEWEN MINING | harry74nrw | linus5 | 17.05.17 22:09 | |
2 | 19 | Nasdaq Listing gesichert... | Heron | Heron | 28.12.15 19:28 |