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McEwen Mining Inc. (NYSE:MUX, TSX:MUX) announced that they have made a new gold discovery within its El Gallo Complex, Sinaloa, Mexico.
McEwen Mining Inc. (NYSE:MUX, TSX:MUX) announced that they have made a new gold discovery within its El Gallo Complex, Sinaloa, Mexico.
As quoted in the press release:
Currently 10 trenches are being completed over the length of the mineralization in order to gain a better understanding of 1) the nature of the high-grade, 2) the geology and 3) the orientation of the veins. This work, including final assays, is expected to be completed by the end of April. A core drill program is being planned in order to target the mineralization below 50 meters, which is the current limit of the known mineralization. In addition, McEwen Mining has completed an aeromagnetic survey over the discovery, which will be reassessed based on the new results.
McEwen Mining’s Chief Owner, Rob McEwen, said:
McEwen Mining’s exploration team has been actively exploring the Company’s large land position (+500,000 acres) around El Gallo. We are very encouraged by our recent exploration results. Additional drill results for areas outside of our Twin Domes discovery will be released over the next two weeks.