McEwen Mining Inc (MUX)

[JD400]

McEwen Mining jumps on new assay results from Los Azules copper project

Jul. 13, 2023 12:27 PM ETMcEwen Mining Inc. (MUX), MUX:CABy: Carl Surran, SA News Editor


McEwen Mining NYSE: $MUX)+4.7% in Thursday's trading and up as much as 17% in the first two days after its majority-owned copper business reported additional copper values over wide intercepts resulting from drilling performed on its Los Azules project in Argentina.

McEwen (MUX) said recent infill and other resource drilling confirmed "very good alignment of new assay results to the resource model prediction for the same area, [and] copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results."

The company said its latest drilling program, which began in October, was concluded with up to 15 rigs completed 39,900 m of drilling in 138 holes, and preparations are underway for the next phase of drilling, expected to begin in October.

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More on McEwen Mining:

Looks like Los Azules has 9% more copper than they previously had indicated

Good Luck everybody