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McEwen Mining Inc.
Summary
| Project: | Black Fox | |
|---|---|---|
| Deposit: | Stock | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-10-2019: McEwen Mining Inc. announces an Exploration/Drilling Update report for its Stock deposit at the Black Fox project. Drilling results incl. 39.0m @ 6.72g/t Au from 497.0m. TORONTO, October 28, 2019 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ken Tylee (Not stated) | |
| ABSTRACT: | TORONTO, October 28, 2019 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report a distinct new high-grade occurrence of gold mineralization has been found (see Table 1) on its Stock Property, part of the Black Fox Complex, near Timmins, Canada (see Figure 1). “Results from our first drill holes suggest the potential to define a significant new zone of mineralization at Stock West. The economic importance is enhanced by being well located right next to our mill and the underground workings of the historic Stock Mine,” commented Sylvain Guerard, SVP Exploration. A total of eight drill holes have been completed at Stock West, and assays have been received for six holes to date (see Figures 2 & 3). All eight holes intersected the favorable host rock, a coarse-grained magnesite-fuchsitedolomite carbonated altered ultramafic unit. Assay values from the well-mineralized intersections are consistent across the intervals, with gold present in both the veinlets and within the ultramafic itself. In addition, a pyrite-rich felsic dyke has been intersected in three holes. This dyke occurs next to the ultramafic intrusive unit and carries visible gold throughout. In hole S19-105, the felsic dyke returned assay results of 13.2 g/t Au over 5.4 m. These styles of mineralization differ from most other mineralization on both the Stock and Black Fox properties. Similar coarse-grained ultramafic host rocks appear at part of Stock Deep (result highlighted below), and the potential for a connection with Stock West (a gap of over 2,000 ft. or 600 m) will be tested. This new mineralization has been intersected from 1,280 to 1,670 ft. (390 to 510 m) below surface and horizontally for 575 ft. (175 m) and remains open at depth and along strike. Four surface drill rigs are actively drilling at Stock West. | |
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