McEwen Mining: Exploration @Fox – QNT Press Release

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Toronto, December 20, 2021 (Global News Agency) – McEwan Mining Company (NYSE stock code:Multiplexer) (Toronto Stock Exchange:Multiplexer) I am pleased to announce that from the perspective of Stock’s exploration and Froome’s demarcation, the Fox Complex drilling continues to provide good width and quality.

Highlights include:

  • The analysis results show that the Stock mineralization zone may extend to depth and sink. The content outlined so far will help our near-term growth plans.
  • Drilling is planned for 2022 to investigate the intercept in the hole S21-202, meet 21 meters (m) of 4.29 g/ton Gold. If this interception is connected to the mineralization of Stock West, it will substantially expand the boundaries of the Stock West system.
  • Our exploration of Stock Main (the historic Stock Mine) began to produce analytical results.Visible gold was found in several drill cores, for example in holes SM21-024 That’s back 9.1 meters of 7.43 g/ton Gold includes 2.6 meters of 23.72 g/ton Gold, within 25 m from the surface.

Stock West and Main

Drilling results S21-202 (Released on November 3, 2021) and S19-95 (Posted on September 4, 2019- 7.0 m (Core length) 27.2 g/ton Gold) confirmed that mineralization is still open to the deep and east (see figure 1). The intercept in S21-202 is a step over 200 m along a prominent shallow eastern depression of the Stock West mineralization. The current geological interpretation suggests that it may be further connected to the intercept in hole S19-95 by 250 m.

The main lithology of the Stock West mineralization also appears in hole S21-202, which recently intersects the footwall of the Stock mine. These observations support our confidence that the property is in the early discovery stage of development.

46 open-pit boreholes were completed in Stock West (see Table 1) And stock main (see Table 2) Since the last exploration update in May 2021.

The progress made by Stock Property in 2021 will be reflected in Fox Complex’s pending preliminary economic assessment (PEA), which is currently being finalized for release.

figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/95d0f9b3-13f4-4fd0-9caf-b122f557cc91

Frum Mine

The best new result is 20 m (true width) 7.43 g/t gold-hole 200-F085-14

In 2021, 317 underground boreholes were completed to delineate the Froome ore body (see table 3). Although the Froome mine is only a short distance from the Black Fox mine, it is different in important aspects. These aspects have multiple advantages, such as a straighter, shorter, and more efficient underground transportation route, and a wider and more consistent mine. It can reduce the cost of large-scale mining methods. Mining started earlier this year and has been meeting expectations for key ore quality indicators such as gold grade, dilution and total ounces produced.

The delineation drilling extended the deposit westward to farther than previously designed, and the Fox Complex team believed that the life of the Froome mine would be extended. Diamond drilling in 2022 will focus on deep resource expansion to extend the life of the Froome mine (see figure 2).

figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/58d45f1d-5925-4fb2-9df1-5ac9cd0f7f1a

Table 1 – Stock West selected highlight training intercepts

Hole number From (m) To (m) Core length
(rice)
Really wide
(rice)
exist
(G/ton)
S21-167 533.0 537.2 4.2 3.6 11.77
S21-168 582.0 604.0 22.0 19.2 1.63
S21-169 620.0 626.0 6.0 5.3 5.38
S21-171 507.0 527.0 20.0 19.0 4.87
S21-173 631.0 643.0 12.0 11.2 3.43
S21-174 603.0 614.0 11.0 8.8 3.37
622.0 637.0 15.0 12.0 2.83
include 628.0 633.0 5.0 4.0 6.27
S21-174W1 578.5 628.0 49.5 42.2 2.90
include 589.6 597.3 7.7 6.6 5.11
601.9 609.2 7.3 6.3 7.37
S21-175A 661.0 675.0 14.0 12.6 3.22
S21-176 474.0 484.0 10.0 8.5 4.51
include 475.0 480.0 5.0 4.2 7.28
S21-178A 602.0 605.0 3.0 2.4 9.36
include 602.0 602.9 0.9 0.7 26.30
S21-179 451.6 464.0 12.4 11.5 2.08
S21-180 645.9 656.1 10.2 9.8 2.70
S21-181A 450.4

The full story can be found on Benzinga.com

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