Curated News
By: NewsRamp Editorial Staff
December 03, 2024

McEwen Mining Shares Promising Assay Results from Grey Fox Deposit in Ontario, Canada

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Source News Release

TLDR

  • McEwen Mining shared promising assay results from its Grey Fox deposit, indicating potential for high-grade gold similar to Japan's Hishikari Gold Mine.
  • Geological studies reveal similarities between Grey Fox and Japan’s high-grade Hishikari Gold Mine, suggesting potential for stacked epithermal veins alongside orogenic gold zones.
  • The ongoing exploration at Grey Fox aims to expand production, uncover deeper mineralization, and increase the share price, contributing to economic growth and prosperity.
  • McEwen Mining's promising assay results from its Grey Fox deposit in Canada suggest the potential for significant new gold discoveries in the region.

Impact - Why it Matters

This news matters as it provides insight into the potential for significant gold resources at the Grey Fox deposit, which could impact the company's operations and share price. It also highlights the ongoing exploration efforts and the expectation of an updated resource estimate, which can be of interest to investors and stakeholders.

Summary

McEwen Mining (NYSE: MUX) (TSX: MUX) shared promising assay results from its Grey Fox deposit within the Fox Complex in Ontario, Canada, including a highlight of 10.2 g/t gold over 11.1 meters at the Whiskey Jack zone. Geological studies reveal similarities between Grey Fox and Japan’s high-grade Hishikari Gold Mine, suggesting potential for stacked epithermal veins alongside orogenic gold zones. Current modeling identifies over 50 mineralized lenses, with 90% of Grey Fox’s 1.4-million-ounce gold resource located within 300 meters of the surface. The ongoing exploration aims to expand production and uncover deeper mineralization, with an updated resource estimate for the Fox Complex expected in Q1 2025.

Source Statement

This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, McEwen Mining Shares Promising Assay Results from Grey Fox Deposit in Ontario, Canada

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