https://www.engineeringnews.co.za
Exploration|Flow|Gold|Mining|Resources|Surface|Underground|Flow|Drilling
Exploration|Flow|Gold|Mining|Resources|Surface|Underground|Flow|Drilling
exploration|flow-company|gold|mining|resources|surface|underground|flow-industry-term|drilling

McEwen raises C$30m for exploration in Timmins

30th May 2024

By: Creamer Media Reporter

     

Font size: - +

Canadian company McEwen Mining has secured C$30-million ($22-million) in flow-through to support ongoing exploration and development at the Fox Complex in Timmins, Ontario.

The funds will be allocated towards exploration drilling and developing an underground access ramp from surface to the Stock East and West resources.

Earlier this week, McEwen also announced new assay results from the Grey Fox deposits, which form part of the Fox Complex.

The assay highlights include 586.7 g/t over 0.5 m, 14.3 g/t over 5 m, 17.4 g/t over 4.2 m at 8.8 g/t over 3.9 m.

Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South. The current resource estimate for Grey Fox stands at 1.17-million ounces at a grade of 4.80 g/t gold indicated and 236 000 oz gold at 4.35 g/t gold inferred. An updated resource estimate is expected by late September.

Drilling efforts in 2023 and continuing into 2024 aim to expand the existing resource and identify new mineralised horizons.

Geological interpretations suggest that Grey Fox sits stratigraphically above the mineralisation of the Black Fox & Froome mines., indicating potential for similar deeper Black Fox and Froome style mineralisation directly below some of the Grey Fox zones. Historical production from these two mines is more than one-million ounces of god.

Edited by Creamer Media Reporter

Comments

Latest News

PPC CEO Matias Cardarelli
PPC partners with Sinoma to improve efficiencies, expand capacity
Updated 2 hours 39 minutes ago By: Sabrina Jardim

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
JusChek® - Disposable saliva test
Alco-Safe

JusChek® - Disposable saliva test

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Economic growth a top priority for GNU
Economic growth a top priority for GNU
19th July 2024 By: Creamer Media Reporter
Magazine round up | 19 July 2024
Magazine round up | 19 July 2024
19th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:8.113 8.177s - 194pq - 2rq
Subscribe Now