Articles for tag: East, exploration, Gold, McEwen, million, raises, stock, West

May 30, 2024

Ron Finklestien

mining

McEwen raises $22 million for Stock East and West gold exploration

After paying agents fees, McEwen expects to net C$28.5 million. The Fox gold complex covers 70 sq. km. along 18 km of the Destor-Porcupine fault. It includes the 2,000 tonne per day Black Fox mill and the Black Fox mine to the east. The measured and indicated resources are 14.3 million tonnes grading 4.14 g/t gold, containing close to 1.9 million oz. There is also an inferred resource of 4.2 million tonnes at 3.74 g/t gold, containing 503,000 oz. of gold. McEwen’s project pipeline includes the Fox gold project as well as Stock East and West. The former Stock mine

May 29, 2024

Ron Finklestien

mining

McEwen outlines growing production pipeline with Grey Fox plans

Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South (GFS). The current resource estimate for Grey Fox is 1.2 million oz. gold in material grading 4.80 g/t gold (indicated) and 236,000 oz. gold at 4.35 g/t gold (inferred). An updated resource estimate is expected in late September. Highlights of the best assay results (true widths) at Grey Fox include the following: Hole 24GF-1426: 586.7 g/t gold over 0.5 metre; Hole 24GF-1424: 14.3 g/t gold over 5 metres; Hole 24GF-1397: 17.4 g/t gold over 4.2 metres; Hole 22GF-1366: 8.8 g/t gold over 3.9 metres. The Gibson zone

February 28, 2024

Ron Finklestien

mining

Exploring Golden Depths: McEwen Strikes Gold with Stock Gold Mine Drill Results

Unveiling the Riches of Stock East Zone Recent assays from the Stock East zone at the McEwen Mining site have unveiled a potential new source of near-term production. The drilling results have revealed some true width highlights that promise a glittering future: Hole SEZ24-86: 121.5 g/t gold over 0.4 meters Hole SEZ24-84: 6.5 g/t gold over 10.2 meters Hole SEZ24-88: 4.5 g/t gold over 10.4 meters The infill drilling conducted at Stock East zone has intersected mineable widths and grades, offering a glimpse into a prosperous horizon. Further, the drilling has pinpointed the direction of two plunges at Stock East,