Ms. Sheena Scotland reports
MCEWEN MINING INC.: EL GALLO REGIONAL EXPLORATION; TWIN DOMES DRILLING INTERSECTS SIGNIFICANT NEAR SURFACE GOLD MINERALIZATION
McEwen Mining Inc. has released core drill results from its new Twin Domes discovery, including 9.7 grams per tonne (g/t) gold over 10.3 metres and five g/t gold over 16.8 metres. These results are follow-ups to the discovery holes announced in April, which intersected 8.8 g/t gold over 9.7 metres and 9.8 g/t gold over 4.6 metres, in addition to a trench that returned 20.9 g/t gold over 12.7 metres. The company believes Twin Domes is attractive due to its higher gold grades and its close proximity to the company's process plant.
Twin Domes is located 17 kilometres (10.5 miles) northwest of the company's El Gallo 1 heap leach mine. Initial test results show that the gold mineralization at Twin Domes is potentially amenable to heap leaching, which would allow it to be processed at El Gallo 1. Ten additional core holes were completed in this recent drilling. Although it is early, McEwen Mining is highly encouraged by these results and believes Twin Domes could have a positive impact on the El Gallo 1 mine. Highlights are shown in the associated table
TWIN DOMES EXPLORATION HIGHLIGHTS
From To Thickness Gold grade
(m) (m) (m) (g/t)
TDX011 39.8 45.0 5.2 7.1
Including 43.9 45.0 1.1 24.9
TDX012 1.0 5.5 4.5 10.0
And 25.9 33.4 7.5 1.9
TDX015 17.2 27.5 10.3 9.7
Including 24.8 25.4 0.7 135.5
TDX016 18.4 27.5 9.1 1.7
TDX017 14.5 24.5 10.1 4.0
Including 16.4 17 0.7 51.1
TDX018 7.3 24.1 16.8 5.0
Including 12.8 14.0 1.2 21.1
Including 18.3 21.1 2.8 14.9
To date, gold mineralization at Twin Domes has been identified from surface to a depth of 45 metres. The known length (or strike) of the zone is approximately 275 metres. A total of 20 additional core holes have been planned in order to follow up on these results. This program will start next week.
McEwen Mining also announces its technical report titled "Technical report on San Jose silver-gold mine, Santa Cruz, Argentina," dated Aug. 15, 2013, has been filed on SEDAR pursuant to the National Instrument 43-101 requirements. The technical report includes the updated resource estimates previously announced by the company in a press release dated March 18, 2013. The technical report has been filed under McEwen Mining's profile on SEDAR and can also be viewed on the company's website.
RECENTLY COMPLETED HOLES FROM TWIN DOMES (LOCATED IN EL GALLO COMPLEX)
Gold
From To Thickness grade
Hole (m) (m) (m) (g/t)
TDX009 - - - -
TDX010 53.1 55.2 2.1 3.2
TDX011 39.8 45.0 5.2 7.1
Including 43.9 45.0 1.1 24.9
TDX012 1.0 5.5 4.5 10.0
And 25.9 33.4 7.5 1.9
TDX013 28.4 32.3 3.9 3.7
Including 30.4 31.2 0.8 13.6
TDX014 - - - -
TDX015 17.2 27.5 10.3 9.7
TDX016 18.4 27.5 9.1 1.7
TDX017 14.5 24.5 10.1 4.0
Including 16.4 17 0.7 51.1
TDX018 7.3 24.1 16.8 5.0
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.