McEwen Mining Black Fox 2018 Exploration Outlook [Canadian Business Journal (Canada)]
McEwen Mining Inc. (MUX)
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Source: Canadian Business Journal
McEwen Mining Black Fox 2018 Exploration Outlook TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX ) (TSX: MUX ) acquired the Black Fox Complex in October 2017 in a strategic investment that increases our gold production, provides excess milling capacity, and significantly expands our mineral resource base and exploration potential in the Timmins district of Canada. Exploration is the principal focus at Black Fox for 2018. A $10 million property-wide exploration program that will include approximately 330,000 feet (100,000 metres) of drilling is underway. The main objectives are to test for extensions of existing resources, follow-up on significant drill results, and to investigate new exploration targets. The Black Fox Complex is composed of two land packages that cover 7 miles (11 km) along the prolific Porcupine-Destor Fault, known internationally as the ‘Golden Highway’. The combined production from the purchased properties totals over 950,
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