For thousands of other reports visit RSC's Mineral Intellingence Map
McEwen Mining Inc.
Summary
| Project: | Black Fox | |
|---|---|---|
| Deposit: | Black Fox | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-9-2018: McEwen Mining Inc. announces a Resource Estimation report for its Black Fox deposit at the Black Fox project. Updated resource estimate and new drilling results incl. 8.29m @ 53.93g/t Au from 113m. TORONTO, Sept. 6, 2018 - McEwen Mining Inc. (NY | |
| Resources: | (Resource): 1.1Mt @ 5.09g/t Au (Ind.), 17Kt @ 4.62g/t Au (Inf.) | |
| CP/QP: | [Resources]: Aleksandr Mitrofanov (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | TORONTO, Sept. 6, 2018 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports an updated resource estimate for the Froome Deposit and highly encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada. Surface drilling at Froome during Q3 has been focused on two targets: 1) evaluating the down-plunge extension of the Froome Deposit, and 2) assessing the potential of the mineralized footwall, which returned 53.93 g/t gold over 8.29 m including 322.86 g/t gold over 1.34 m. The current interpretation suggests that this new occurance extends the complex, braided ‘belt’ of elevated gold mineralization (running parallel to Froome) by approximately 350 m strike length to the East. The addition of these new drill intersections within the Froome Footwall could provide an economic enhancement to the proposed underground development planned to commence later in September. Definition drilling to further evaluate the footwall target is ongoing. One underground drill rig has been testing the down-plunge extension of the Deep Central Zone (DCZ) (see Figure 1). Drilling intersected multi-phase quartz-carbonated veining, which retuned an intercept of 35.08 g/t gold over 1.69 m including 55.10 g/t gold over 1.01 m. This represents the deepest high-grade intercept at the mine, and supports the belief that mineralization extends deeper down plunge. Drilling will resume in mid-September from better positions in the newly constructed drilling bays on the 810 m level. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report