McEwen Mining Inc (MUX)

[geocam]

$MUX high-grade exploration drill results hopefully will soften the blow today.

But it is good news, so I do expect some selling. Ha ha ha.

McEwen Mining: Stock Property Exploration - High-Grade Intersections
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/80824682/mcewen-mining-stock-property-exploration-high

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report high-grade exploration drill results (see Table 1) from its 100% owned Stock Property, part of the Black Fox Complex, near Timmins, Canada

“When we acquired the Black Fox Complex, we had very limited knowledge about the Stock Property. Our drilling has revealed the presence of a strongly mineralized gold system. Currently, our exploration program is assessing the occurrence of higher-grade gold zones or “shoots” within the wider and lower grade Stock East Deposit, and is generating some of the highest-grade intersections to date. Stock has become a top priority exploration target for us. Stock East’s potential to become an economic deposit is enhanced by the advantage of being strategically located right next to our operating mill,” commented Sylvain Guerard, SVP Exploration.

Highlights:

At Stock East, two high-grade drill intersections: 34.7 g/t gold over 5.9 m, including 74.1 g/t gold over 2.7 m, and 83.5 g/t gold over 5.6 m, including 417 g/t gold over 1.1 m, were encountered at a vertical depth of approximately 290 meters.

The presence of new high-grade intersections together with previous results strengthens our conviction that the Stock East Deposit hosts higher-grade zones that could potentially be mined using existing nearby underground mine workings (see Figure 2).

At Stock Deep, testing for the depth extension of the Stock Mine mineralization has produced a new intersection of 4.2 g/t gold over 7.5 m, including 25.9 g/t gold over 0.8 m. This intersection is 100 meters (330 ft) below the last reported deep intersection of 18 g/t gold over 9.1 m, including 120 g/t gold over 1.3 m (see Sept 4, 2019 news release). These results reinforce our belief that a strong mineralized system is continuing at depth.

On the Stock Property, drilling is continuing along the 3 km mine trend with four drill rigs: two rigs are focused on Stock East and two rigs are drilling the western section of the trend. A resource update for the Stock property is planned for year-end.