High grade near ground near the proposed ramp system to Stockwest
- Hole SM23-145: 18.9 g/t Au (over 9.4 m)
- Hole SM22-116: 18.7 g/t Au (over 3.0 m)
- Hole SM23-133: 11.9 g/t Au (over 2.6 m)
TORONTO, May 8, 2023 (Globe Newswire) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) We are pleased to report the results of our analysis from the three zones of our stock property, part of the Fox Complex near Timmins (see) Figure 1 – Areas A, B, C).
Eight Near-Ground Hole Results Near High-Grade Intersections For SM22-110 Holes (Dec 19)th2022 press release) 264.5 g/t gold (Au) that’s all 2.7 meters (meters) returned attractive results to 18.9 g/t gold that’s all 9.4m (look Table 1 – Area A). Figure 2 indicates that new shallow drilling results at Area A are within the stock mine expansion trend and favorably positioned close to the proposed stock west ramp. This area has the advantage of being close to the surface, right next to our stock mills, and has good grades averaging 5 g/t Au.
A borehole was also completed at the bottom of the stock mine expansion trend (see) Figures 1 and 3 – Area B), the recent deeper drilling was designed to expand the lens of mineralization near the stock mine. These lenses may represent early mining horizons driving ramps from the surface to Stockwest. New results include: 4.5 g/t gold that’s all 6.5 meters within the wider intersection of 3.3 g/t gold that’s all 15.6m. Drill Hole S21-202 (released on December 21)cent2021) was returned 4.3 g/t gold that’s all 20.3 meters, Drilling is restricted between this intersection and the intersection of the three other drill holes shown.
Stock West drilling campaign focus for late 2022 and early 2023 (see) Figures 1 & 4 – Area C) was to convert the inferred mineral resources into labeling classifications. Several exploration drill holes were designed to test the southwest plunge component. Figure 4 highlight the promising results of 6.3 g/t gold that’s all 5.4m within a wider zone 3.2 g/t gold that’s all 13.9 meters. There are currently three additional gold visible holes in this area, pending analysis. These results indicate that Stock West’s current resources may increase. Two more holes were drilled to test the favorable droop wall zone to Stockwest.one hole is back 5.7 g/t gold that’s all 5.9 meters There appears to be an open plunge to the northeast of the current resource. This intercept is also important because it may represent some of the potential new zones in Stockwest.
All results are estimated actual widths unless otherwise stated.
table 1 – Latest drill results in inventory
| hole id | area | from | To | length | true width | School year | comment | |||
| (meter) | (meter) | (meter) | (meter) | (g/t gold) | ||||||
| SM22-110* | a | 17.6 | 23.7 | 6.1 | 5.3 | 8.0 | ||||
| 28.3 | 31.5 | 3.3 | 2.7 | 264.5 | include 1031.6 g/t gold/0.7m | |||||
| SM22-111 | a | 21.0 | 23.9 | 2.9 | 2.6 | 3.5 | ||||
| 47.7 | 51.3 | 3.6 | 3.0 | 2.9 | ||||||
| SM22-113 | a | 60.0 | 64.0 | 4.0 | 3.9 | 2.1 | ||||
| SM22-115 | 50.9 | 57.4 | 6.5 | 6.3 | 2.4 | |||||
| SM22-116 | a | 21.0 | 24.0 | 3.0 | 2.9 | 3.7 | ||||
| 45.0 | 48.0 | 3.0 | 3.0 | 18.7 | include 53.2g/t gold/1.0m | |||||
| SM23-133 | a | 21.6 | 25.0 | 3.4 | 2.6 | 11.9 | ||||
| SM23-145 | a | 18.0 | 23.0 | 5.0 | 4.5 | 3.7 | ||||
| 33.0 | 37.0 | 4.0 | 3.6 | 2.2 | ||||||
| 44.0 | 54.0 | 10.0 | 9.4 | 18.9 | include 102.7g/t gold/0.9m | |||||
| SM23-151 | a | 28.0 | 33.0 | 5.0 | 3.8 | 5.4 | ||||
| SM23-153 | a | 37.0 | 42.0 | 5.0 | 4.6 | 3.8 | ||||
| SM23-163 | a | 140.0 | 141.0 | 1.0 | 0.8 | 4.7 | ||||
| SM22-108 | B. | 572.6 | 590.4 | 17.8 | 15.6 | 3.3 | include 4.5g/t gold/6.5m | |||
| 607.0 | 611.0 | 4.0 | 3.7 | 4.2 | ||||||
| SM22-108W1 | B. | 566.0 | 572.0 | 6.0 | 5.2 | 3.1 | ||||
| S22-255W2 | C. | 541.0 | 559.0 | 18.1 | 13.9 | 3.2 | include 6.3g/t gold/5.4m | |||
| S22-260 | C. | 601.3 | 606.4 | 5.1 | 3.9 | 5.6 | ||||
| S22-260W1 | C. | 583.5 | 589.0 | 5.5 | 4.2 | 4.1 | ||||
| S23-272 | C. | 332.5 | 339.5 | 7.1 | 5.9 | 5.7 | ||||
| Area A: Near the surface of Stock Mine | Area C: Plunging up and down of the expanding Stockwest | |||||||||
| Area B: Bottom of Stock Mine Expansion Trend | *- previously released result | |||||||||
Figure 1: Longitudinal section of a historic Stockmine headframe running from stock west to east (facing north). Recent training results highlight three important areas.
Figure 2: Area A – Cross section through the upper eastern part of the historic stock mine (looking north).
Figure 3: Area B – Longitudinal section (northward) showing potential mineralized areas of Stockmain.
Figure 4: Area C – Longitudinal section (northwards) showing PEA resource outline (red) in Stockwest. Also shown is the assumed shallow plunge (to the southwest) of the Stock West deposit.
Technical guidance
The technical information regarding the Fox Complex exploration contained in this news release is provided by Sean Farrell, Chief Exploration Geologist, a qualified person as defined by the Canadian Securities Administrators National Instruments 43-101 “Standards”. Created under supervision. Disclosure of Mineral Projects. ”
All exploration drill core samples in the stock complex were submitted as 1/2 cores. The analyzes reported here were generally performed by fire analysis methods by an accredited laboratory, Pangea Laboratories, Sinaloa, Mexico, owned and operated by an indirect subsidiary of the Company. (NMX-EC-17025-IMNC-2018, ISO/IEC 17025:2017). Three drilled holes (SM23-151, SM23-153, and SM23-163) were submitted to the in-house Black Fox analytical lab.
Click here for a list of drilling results on Stock since December 19thth2022 (including hole locations and placement), click here.
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Cautionary Note Regarding Forward-Looking Statements This news release contains certain forward-looking statements and information, including “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and information expressed as of the date of this news release by McEwen Mining Inc. (the “Company”) represent estimates, projections, projections, expectations or beliefs regarding future events or results. Forward-looking statements and information, while necessarily believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, risks and unforeseen circumstances. are based on numerous assumptions and assumptions received and there is no assurance that such statements and information will be achieved. Information is certified to be accurate. Therefore, actual results or future events could differ materially from those anticipated by such statements or information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by forward-looking statements and information include the impact of the COVID-19 pandemic, including, but not limited to, changes in the market price of metals, mining risks; political, economic, social and security risks associated with foreign operations; a company’s ability to timely receive or obtain necessary permits or other approvals in connection with its operations; Risks associated with construction Commencement of production and its expected costs, litigation-related risks, capital market conditions, environmental risks and hazards, uncertainties regarding the calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on any forward-looking statements or information contained herein, which speak only as of the date hereof. We undertake no obligation to reissue or update any forward-looking statements or information to reflect new information or events after the date hereof, except as required by law. For additional information regarding risks, uncertainties and other factors, please see McEwen Mining’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. See “Risk Factors” heading. forward-looking statements and information about us; All forward-looking statements and information made in this news release are covered by this cautionary statement. NYSE and TSX have not reviewed and are not responsible for the adequacy or accuracy of the contents of this news release prepared by the management of McEwen Mining Inc. About MCWEN Mining McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 52% of McEwen Copper, which owns the large advanced-stage Los Azures copper project in Argentina. Our goal is to improve the productivity and longevity of our assets with the aim of increasing stock prices and providing yield. Chairman and CEO Rob McEwen has personally offered the company his $220 million and annual salary of $1 he has. Want to get the news early? Click here to sign up for our email list: https://www.mcewenmining.com/contact-us/#section=followUs We will keep you updated with the news!! |
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