Investor Brand Network – Wed May 29, 9:29AM CDT
McEwen Mining (NYSE: MUX) (TSX: MUX) yesterday announced promising new assay results from the Grey Fox deposit within its Fox Complex. The highlights include significant gold grades at both shallow and deeper levels, suggesting potential for low-cost open pit mining and intriguing follow-up targets. Notable assay results including but not limited to 586.7 g/t Au over 0.5 meters and 14.3 g/t Au over 5.0 meters, are indicative of prospective high-grade gold zones. Grey Fox’s current resource estimate stands at 1,168,000 ounces of gold at a grade of 4.80 g/t Au (Indicated) and 236,000 ounces of gold at 4.35 g/t Au (Inferred), with an updated resource estimate expected by the end of September.
Geological interpretations suggest that Grey Fox lies above the mineralization of the Black Fox and Froome mines, enhancing its appeal. The Gibson zone, a high-priority target, has shown promising…
