McEwen Mining has reported the results of the exploration program conducted at the El Gallo Complex in Mexico. The company is continuing the present drill campaign in order to extend the resource in the phase I production region.
The company intersected 4.3 g/t gold over 8.8 m and 1.3 g/t gold over 41.2 m in the first follow up hole and the other interesting assay values have included 0.5 g/t gold, 0.9% lead, 8.6 g/t silver and 4.2% zinc over 41.0 m; 0.6 g/t gold, 1.1% lead, 11.0 g/t silver and 7.7% zinc over 16.9 m; and 0.3 g/t gold and 70.4 g/t silver over 11.2 m.
According to Chief Owner of McEwen Mining, Rob McEwen, intriguing results have been obtained from the exploration results of the phase I production region. The company’s drill program continues to explore fresh region to expand the resource.
The drill campaign specifically designed to extend the present gold resource and expand the life of mine began in Q2. The first follow up hole is situated 30 m towards the southern part of the preliminary result and 200 m towards the southwestern portion of the proposed open pit. Continuity between both the intercepts has been demonstrated through the results. The company specifically drilled the holes MLX-018 and MLX-020 to infill the resource identified at surface.
A 41.0 m intercept was drilled adjacent to the northeast corner of proposed pit design. The area comprises high-grade mineralization of base metal, lead and zinc. The obtained values are positive as additional drilling was not conducted towards east and south, thus showing a fresh target for exploration.
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