McEwen Mining has reported that it has received exploration drilling results from its El Gallo Complex located in Mexico. Drill program has expanded the prominent mineralized zones found within the phase I production region.
The company encountered 6.6 g/t gold over 4.9 m and 1.1 g/t gold over 71.3 m from the most impressive hole and the values are considered to be extensive intersection of +1 g/t gold observed at the property. During Q2 of 2012, McEwen started the drill program within the phase I area of the El Gallo with an aim to extend the overall gold resources’ size so as to increase the present life of the mine.
The main part of the drill program has targeted to expand the Lupita vein limits, at depth and towards the southwestern part. MLX-03 is the most significant drill hole and is located about 200 m towards southwest of the proposed Lupita open pit, in a region where limited exploration was conducted. The mineralization stays exposed in many directions.
Holes MLX-009 and MLX-012 were drilled about 30 m beneath the former drilling for expanding the popular mineralization. These holes have shown that the zone stays exposed for potential extension at depth. Hole MLX-010 was specifically drilled to expand the mineralization near surface.
The company is carrying out the drilling process in order to follow-up on these results. Currently, three core drills are concentrated within the phase I region. The company has completed two drill holes to extend the mineralization intersected in hole MLX-013.
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