Underground at the Black Fox mine, near the Grey Fox deposit. Credit McEwen Mining
McEwen (NYSE, TSX: MUX) says drilling at its Grey Fox project in Ontario continues to deliver attractive gold grades and widths, demonstrating continuity across key zones, namely Gibson and Grey Fox South.
New intercepts highlight the potential for near-term resource expansion, the Canadian miner stated, as it looks to build on the current resource of 1.54 million gold ounces at 3.64 g/t gold indicated and 458,000 ounces at 3.30 g/t inferred.
Geological similarities with large regional deposits, such as Canadian Malartic, reinforce Grey Fox’s growth potential, the company noted, adding that an updated resource estimate for Grey Fox, part of the larger Fox Complex, is expected next month.
“We are delighted to have four key projects driving our gold mining business in both the near and long term,” CEO and chief…
