McEwen Mining (Seite 51)

[bigyawn]

McEwen Mining produces 45,930 oz AuEq in Q3

2019-10-17 06:54 ET - News Release

Mr. Rob McEwen reports
MCEWEN MINING REPORTS Q3 2019 PRODUCTION RESULTS
McEwen Mining Inc.'s consolidated production for the third quarter of 2019 was 35,043 gold ounces and 947,146 silver ounces, or 45,930 gold equivalent ounces using the average gold:silver price ratio for the third quarter of 87:1. For the nine months ended Sept. 30, 2019 we have produced 128,125 GEOs, or 74% of our revised guidance midpoint of 172,500 GEOs. Our Gold Bar Mine continued to improve during the third quarter, achieving several key performance benchmarks for ore production, crushing throughput, and gold production. Gold Bar produced almost 5,000 GEOs in September, which is in line with our plan and approaching the designed capacity of the process plant. The San Jose and El Gallo mines performed well, meeting their production targets. At our Black Fox Mine, underground mining operations continued to be challenging, however high-grade exploration results at both the Black Fox and Stock properties are providing reason for excitement for the future. The latest exploration drilling from Stock East returned impressive intercepts, such as: 83.5 g/t gold over 5.6 m, including 417 g/t over 1.1 m; and 34.7 g/t gold over 5.9 m, including 74.1 g/t over 2.7 m (news release dated September 30, 2019).




Table 1 - Consolidated Production Summary


Q1 Q2 Q3 Full Year
2018 2019 2018 2019 2018 2019 2018 2019 Guidance
Gold (oz) 35,069 26,938 36,959 36,216 33,806 35,043 135,203131,000-138,000
Silver (oz)695,651703,219772,432850,525745,172947,1463,032,694 3,225,000
GEOs(1) 44,344 36,315 47,258 45,881 43,742 45,930 175,640169,000-176,000


(1) 'Gold Equivalent Ounces' are calculated based on a 75:1 gold to
silver price ratio for periods up to and including Q1 2019, 88:1 for Q2
2019, and 87:1 for Q3 2019. 2019 GEO Guidance assumes a 85:1 ratio.

Rob McEwen, Chairman and Chief Owner commented: "Exploration continued to shine this quarter with Stock and Grey Fox drill results returning multi-ounce gold intersections at relatively shallow depths. In Nevada, our Gold Bar Mine produced almost 5,000 ounces of gold in September. Drilling at Gold Bar South returned several new drill holes showing broad intervals of grades better than twice that of the current resource, which should enhance the project's economics. Our focus is on exploration to grow our production and extend the life of our mines."
Gold Bar Mine, Nevada (100%)
Gold Bar produced 11,029 gold ounces in Q3. Since reaching commercial production during Q2, the mine has been able to reach several operational benchmarks, and gold output is increasing during the second half of 2019.
Our 2019 exploration budget for the Gold Bar property is $5 million, with a focus on near surface oxide and deep sulphide targets. Drilling at Gold Bar South has successfully defined additional mineralization that is expected to increase our gold resource and reserve base and extend the Gold Bar Mine's life. The updated resource and reserve for Gold Bar South will be released in early 2020. Subject to permitting advancing as planned, mining at Gold Bar South could begin in early 2021.
Our deep drilling program has begun to test for deep sulfide gold targets similar to Barrick Gold's latest discoveries Gold Rush and Fourmile, which are located on trend 25 miles North of the Gold Bar property. Two deep holes are planned this year to test for higher-grade gold mineralization at depth. The first deep drill hole is completed and was a geological success, as it confirmed the presence of the right host rock units over a large intercept of 1,217 ft. (370 m), which contained anomalous gold-pathfinder elements and alteration indicating hydrothermal fluid movement through the rock formation, but it did not contain any gold values. A second deep hole, located 3.2 miles (5.2 km) East of the first, is in progress.
Black Fox Mine, Timmins, Canada (100%)
Black Fox produced 7,421 gold ounces in Q3. Production was below our expectations, primarily because of insufficient working areas and delays in advancing underground development.
Our 2019 exploration budget for the Black Fox Complex is $18 million and includes surface and underground drilling. Drilling started in April and there are currently 14 surface rigs and one dedicated underground rig actively exploring on the Black Fox and Stock properties. The best results are coming from the Stock Property, where our mill is located, and the Grey Fox deposit area at the Black Fox Property, where exploration is adding to already significant gold resources. Underground drilling at the Black Fox Mine is focusing on resource development along the western flank of the mine and at depth below 900 m.
San Jose Mine, Santa Cruz, Argentina (49%(2))
San Jose is on-track to achieve our full year guidance for 2019 of 49,000 gold ounces and 3,225,000 silver ounces. Our attributable production from San Jose in Q3 was 13,575 gold ounces and 943,037 silver ounces, for a total of 24,415 GEOs. Exploration at San Jose is focusing on San Jose South and Aguas Vivas, a poly-metallic sulfide deposit with gold, silver, lead and zinc about 8 km from the mine. In Q4, exploration is also planned in areas surrounding Newmont Goldcorp's Cerro Negro Mine, which produced 490,000 ounces of gold in 2018.
El Gallo Project, Sinaloa, Mexico (100%)
El Gallo is expected to produce 16,000 gold ounces in 2019. It produced 3,018 gold ounces in Q3 from residual leaching of the heap leach pad.
Third Quarter Financial Results
Operating costs for the quarter ended September 30, 2019 will be released with our 10-Q Quarterly Financial Statements at the end of October.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen's goal is to create a profitable gold and silver producer focused in the Americas.
Technical Information
The technical content of this news release has been reviewed and approved by Chris Stewart, P.Eng., President & COO of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects."
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.

[Ramses21]

Also bei McEwen ist doch wirklich Sand im Getriebe. Hat wer den Grund für den Verlust von gestern mitbekommen?

[bigyawn]

McEwen drills 51.8 m of 2.21 g/t Au at Gold Bar

2019-10-15 06:50 ET - News Release

Ms. Christina McCarthy reports
MCEWEN MINING: EXPLORATION DRILLING AT THE GOLD BAR MINE CONTINUES TO EXPAND MINERALIZATION
McEwen Mining Inc. has released an update on near-surface and deep exploration drilling progress at its Gold Bar mine property in Nevada, where the company commenced commercial production earlier this year.
Drilling at Gold Bar South has successfully defined additional mineralization that is expected to increase the company's gold resource/reserve base and extend the Gold Bar mine's life. Estimates of the increase will be released in early 2020. Subject to permitting advancing as planned, the mining of Gold Bar South could begin in early 2021. In addition, drilling is planned later this year on the Gold Canyon property; this new acquisition and former producer is located within the Gold Bar mine property.
The company's deep drilling program has begun to test for deep gold in sulphide targets similar to Barrick Gold's latest discoveries Gold Rush and Fourmile, which are located on trend 25 miles north of the Gold Bar property. The first deep drill hole is completed and was a geological success as it confirmed the presence of the right host rock units over a large intercept of 1,217 feet (370 metres), which contained anomalous gold pathfinder elements and alteration indicating hydrothermal fluid movement through the rock formation, but it did not contain any gold values. A second deep hole, located 3.2 miles (5.2 kilometres) away, is in progress.
Gold Bar South deposit
The Gold Bar mine deposits host gold reserves of 524,000 ounces at 0.029 ounce per ton (one gram per tonne) within measured and indicated gold resource of 720,000 ounces, and inferred gold resources of 106,000 ounces (as of Dec. 31, 2018). The Gold Bar South deposit contains a further estimated indicated resource of 3,488,000 tons at 0.029 ounce per ton (one g/t) for 100,000 gold ounces. Gold Bar South is located 3.5 miles (5.6 km) southeast of the Gold Bar mine.
A 60-hole drill program is under way at Gold Bar South with the goal of increasing the Gold Bar mine's life beyond its current 7.4 years. Results have been received for 32 new holes, which have shown mineralization extending below the 2018 conceptual open-pit mine boundary. This drilling has encountered an area of higher-grade oxide mineralization of two g/t), which currently measures 50 m wide, 50 m long and 50 m thick. It is a zone of silicification and breccia bounded by northeast- and northwest-trending faults. A resource update for Gold Bar South will be completed by the end of the year, and a new reserve statement will be published in January, 2020.

SELECTED DRILL INTERSECTIONS FROM GOLD BAR SOUTH

Imperial Metric
Hole ID From To Length Au From To Length Au
(ft) (ft) (ft) (oz/t) (m) (m) (m) (g/t)

GB489 230 290 60 0.018 70.1 88.4 18.3 0.62
GB521 85 225 140 0.068 25.9 68.6 42.7 2.32
GB522 130 300 170 0.065 39.6 91.4 51.8 2.21
GB523 20 175 155 0.061 6.1 53.3 47.2 2.10
GB524 155 250 95 0.047 47.2 76.2 29.0 1.61
GB525 250 285 35 0.018 76.2 86.9 10.7 0.63
GB527 135 200 65 0.028 41.2 61.0 19.8 0.95
GB529 190 215 25 0.015 57.9 65.5 7.6 0.50


Deep drilling targeting high-grade sulphide potential
The Gold Bar mine property is located on the prolific Battle Mountain-Eureka trend, which includes the nearby Cortez district and the recent world-class discoveries Gold Rush and Fourmile. Gold Bar has several similarities to Cortez including: a large mineralization and alteration footprint of three miles by 7.5 miles (five km by 12 km), northwest-southeast structural controls to mineralization, and the same age and type of host rocks. Gold Bar already has a significant gold endowment of 1.7 million ounces (1) and is still underexplored, particularly at depth, compared with many mine properties in Nevada.
Two deep holes are planned this year to test for higher-grade gold mineralization at depth. One hole has been completed at Pot Canyon near the Wall fault, which is the extension of the Cortez fault, and a second hole is currently being drilled at Cabin Creek. The first hole (GB470) intersected near-surface mineralization, returning 0.8 g/t gold over 23.8 m oxide, and 1.3 g/t gold over 16.2 m sulphide from 11 to 51 m below surface. At depth the hole was targeting the Roberts Mountain and Hanson Creek stratigraphy, which it intersected over a length of 1,217 feet (370 m) starting at a depth of 3,900 feet (1,200 m). Analysis showed alteration (remobilized carbon) and anomalous pathfinder elements suggesting mineralization potential within this formation.
The second deep hole at Cabin Creek is targeting Roberts Mountain and Hanson Creek-hosted mineralization at an estimated depth of 2,500 feet (750 m). So far, the drill hole has encountered 377 feet (84 m) of jasperoid from a depth of 2,000 feet (600 m), that is interpreted to be silicified Roberts Mountain formation, again suggesting mineralization potential within the formation. No assays are completed and the hole is continuing deeper.
(1) Gold endowment equals past production plus current resources (including reserves).
Gold Canyon acquisition
The recently acquired Gold Canyon property consists of a block of mineral claims within the Gold Bar property. These claims host near-surface oxide mineralization similar to Gold Bar and historically produced about 41,000 ounces of gold. Drilling data by previous owners show that mineralization continues below the bottom of the open pit, with intersections such as 1.9 g/t gold over 16.8 m. Drilling is planned to begin at Gold Canyon in the fourth quarter.
About McEwen Mining Inc.
McEwen Mining is a diversified gold and silver producer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen's goal is to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas.
Technical information
The technical contents of this news release have been reviewed and approved by Robert L. Kastelic, CPG, McEwen Mining's chief exploration geologist, who is a qualified person as defined by Canadian Securities Administrators' National Instrument 43-101 "Standards of Disclosure for Mineral Projects."
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.

[Ramses21]

Laut der neuesten Präsentation vom 10. Oktober wird über eine komplette Einstellung der Produktion von Black Fox nachgedacht, damit die dortige Produktion komplett überarbeitet werden kann. Die Drilling Resultat dort sind sehr gut, aber die Produktion läuft einfach nicht. Denke die Erkenntnis daß die Einstellung der Produktion zunächst notwendig ist, ist Mitte des Jahres gereift. Aber der Markt muss ja zunächst entsprechend vorbereitet werden. Kann sein, dass die Aktie dieses Jahr noch Mal zu € 1,20 oder tiefer gekauft werden kann.

[Ramses21]

Antwort auf Beitrag Nr.: 61.598.116 von Koepenicker am 30.09.19 16:13:23

Gute News aber der Aktienkurs sollte dies auch irgendwann spiegeln.

[marstru]

Irgendwie kennt das angeblich so hohe Beta zu Gold bei Mux irgendwie nur eine Richtung

[Koepenicker]

Antwort auf Beitrag Nr.: 61.597.450 von bigyawn am 30.09.19 14:55:44

Sehr gute News! Das Potenzial steigt und der Einkaufspreis fällt sozusagen!

[bigyawn]

McEwen drills 5.6 m of 83.5 g/t Au at Stock

2019-09-30 06:08 ET - News Release

Mr. Sylvain Guerard reports
MCEWEN MINING: STOCK PROPERTY EXPLORATION - HIGH-GRADE INTERSECTIONS
McEwen Mining Inc. has released high-grade exploration drill results from its 100-per-cent-owned Stock property, part of the Black Fox complex, near Timmins, Canada.
"When we acquired the Black Fox Complex, we had very limited knowledge about the Stock Property. Our drilling has revealed the presence of a strongly mineralized gold system. Currently, our exploration program is assessing the occurrence of higher-grade gold zones or "shoots" within the wider and lower grade Stock East Deposit, and is generating some of the highest-grade intersections to date. Stock has become a top priority exploration target for us. Stock East's potential to become an economic deposit is enhanced by the advantage of being strategically located right next to our operating mill," commented Sylvain Guerard, SVP Exploration.
Highlights:
At Stock East, two high-grade drill intersections: 34.7 g/t gold over 5.9 m, including 74.1 g/t gold over 2.7 m, and 83.5 g/t gold over 5.6 m, including 417 g/t gold over 1.1 m, were encountered at a vertical depth of approximately 290 meters.
The presence of new high-grade intersections together with previous results strengthens our conviction that the Stock East Deposit hosts higher-grade zones that could potentially be mined using existing nearby underground mine workings (see Figure 2).
At Stock Deep, testing for the depth extension of the Stock Mine mineralization has produced a new intersection of 4.2 g/t gold over 7.5 m, including 25.9 g/t gold over 0.8 m. This intersection is 100 meters (330 ft) below the last reported deep intersection of 18 g/t gold over 9.1 m, including 120 g/t gold over 1.3 m (see Sept 4, 2019 news release). These results reinforce our belief that a strong mineralized system is continuing at depth.
On the Stock Property, drilling is continuing along the 3 km mine trend with four drill rigs: two rigs are focused on Stock East and two rigs are drilling the western section of the trend. A resource update for the Stock property is planned for year-end.

Selected New Drill Results from Stock Property


HOLE-ID From (m)To (m)Core Length (m)Estimated True Width (m)Gold Grade (g/t) Area
S19-97W1 1090.0 1099.0 9.0 7.47 4.17 Stock Deep
Including 1098.0 1099.0 1.0 0.83 25.90
SEZ19-28 337.0 343.5 6.5 5.91 34.71 Stock East
Including 339.8 342.5 3.0 2.73 74.13
SEZ19-35 324.3 330.5 6.2 5.64 83.49 Stock East
Including 325.3 326.5 1.2 1.09 417.00


Stock East
At Stock East the gold mineralization extends from surface to a depth of approximately 450 m. The initial resource estimate envisioned an open pit mining scenario at Stock East. However, the high-grade intersections encountered suggest the presence of higher-grade shoots within the lower grade resource area (see Figure 3). An infill drill program is ongoing to better assess this higher-grade mineralization.
Stock Deep
Exploration drilling by McEwen Mining in 2018 and 2019 tested the potential of the mineralized system to extend below the lowest levels of the Stock Mine. Production from this mine ceased in 2004 at a relatively shallow depth of only 330 m (1,080 ft). Total production was 137,000 ounces of gold at an average grade of 5.4 g/t Au.
In 2018, hole S18-31 intersected multiple intervals of mineralization up to a depth of 650 m (2,130 ft) below surface under the mine workings. The best intersections from hole S18-31 include: 5.6 g/t Au over 3.3 m, including 14.8 g/t Au over 1.0 m; and 7.0 g/t Au over 3.8 m, including 30.1 g/t Au over 0.8 m; and 3.8 g/t Au over 4.0 m.
During Q2 2019, hole S19-95 intersected mineralization 250 m (820 ft) below the positive 2018 results intersected in hole S18-31, and 950 m below surface. Multiple zones of alteration and mineralization were observed, including visible gold. The best interval received from this hole is 18.0 g/t Au over 9.1 m, including 120 g/t Au over 1.3 m, including 311 g/t Au over 0.5 m.
A new result of 4.2 g/t gold over 7.5 m, including 25.9 g/t gold over 0.8 m was returned from hole S19-97W1 at a vertical depth of 1,020 m (3,345 ft) (see Figure 2). The gold mineralization is hosted in fuchsite-altered ultramafics, and could potentially represent the depth extension of the historical "N2 Zone" of the Stock Mine, which produced 80,000 oz of gold at an average grade of 6.2 g/t Au.
Property and Geologic Information
The Stock Property is the site of McEwen Mining's Stock Mill, which currently processes ore from the Black Fox Mine. The mill has a capacity of approximately 2,000 tonnes per day and is currently underutilized. Previously the mill processed ore from the historical underground Stock Mine that was in intermittent production from the early 1980s until 2004.
Known mineralization occurs along the prolific Destor Porcupine Fault (DPF), which crosses the property from West to East over a strike length of approximately 8 km. A significant NE-SW trending fault (the Nighthawk Fault) intersects the DPF near the Stock Mine making the area a prime structural setting for gold mineralization (see Figure 1). In addition to these major structures, the property also exhibits other characteristics of strongly mineralized systems: intense alteration, multi-style and multi-phase mineralization, and significant gold mineralization hosted in various rock types, including wide intersections of 10-30 meters at 1-2 g/t Au, and also higher-grade intersections of +10 g/t Au.
Gold mineralization at the Stock Property consists of disseminated sulfides (mostly pyrite) and quartz-carbonate stockwork and breccia, hosted in sericite-silica-albite and fuchsite altered mafic and ultramafic volcanic rocks, and in highly siliceous and albite-rich dykes.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen's goal is to create a profitable gold and silver producer focused in the Americas.
TECHNICAL INFORMATION
Technical information pertaining to geology and exploration contained in this news release has been prepared under the supervision of Ken Tylee, P.Geo. Mr. Tylee is a "qualified person" within the meaning of NI 43-101.
Black Fox Complex drilling (including the Stock Property) was conducted by Major Drilling and Norex Drilling and supervised by McEwen's Geology Department. All exploration drill core samples at the Stock Property were submitted as 1/2 core. Analyses reported herein were usually performed by the fire assay method by the independent laboratories: ALS Laboratories (ISO 9001/IEC17025 certified) and AGAT Labs (ISO 9001/IEC17025 certified). On occasion, a screen metallic fire assay technique is used to determine coarse and fine gold in samples and utilises a larger volume of the sample. The plus fraction is fire assayed for gold and a duplicate assay is performed on the minus fraction. Size fraction weights, coarse and fine fraction gold content and total gold content are reported. McEwen's quality control program includes systematic insertion of blanks, standard reference material and duplicates to ensure laboratory accuracy.
To determine the lengths of significant mineralized intervals, the following composite criteria were established.
Stock East: a minimum reportable interval length of 3 m was determined by establishing a cut-off grade of 1 g/t gold. A consecutive maximum length of 3 m of internal waste, including sub cut-off grade material, is allowed and incorporated into the reported composites. Where an interval of less than 3 m is considered, if the grade x length calculation is greater than 3, it may be reported.
Stock Deep: a minimum reportable interval length of 3 m was determined by establishing a cut-off grade of 3 g/t gold. A consecutive maximum length of 3 m of internal waste, including sub cut-off grade material, is allowed and incorporated into the reported composites. Where an interval of less than 3 m is considered, if the grade x length calculation is greater than 6, it may be reported.
There is no top cutting or capping of assays.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.

[Koepenicker]

Antwort auf Beitrag Nr.: 61.478.267 von Onlyaguy am 13.09.19 15:07:33

Auf ein Neues!

[dosto]

Dem guten Rob werden die spesenabrechnungen, Flugtickets und sonstige Annehmlichkeiten die er nicht aus seiner Privatschatulle bezahlen. Muss, genug sein. Geld hat er eh genug