Exploration continues for McEwen Mining (TSX: MUX) at their subsidiary, McEwen Copper, which is focused on the Los Azules copper project in Argentina. The firm this morning released the latest results from an ongoing 59,000 metre drill program.
Presently, 13,500 metres of drilling via 29 holes has been conducted on the property, with roughly half of those assays in terms of metres drilled returned to the company. The program is focused on increasing resources within the indicated category.
Highlights from the latest assays include:
- AZ22146: 0.83% copper, 0.11 g/t gold, 2.30 g/t silver over 330.0 metres
- AZ22149: 0.55% copper, 0.04 g/t gold, 1.62 g/t silver over 298.0 metres
- AZ22158: 1.00% copper, 0.09 g/t gold and 1.46 g/t silver over 176.0 metres
McEwen Copper is presently looking to complete a preliminary economic assessment in the first quarter of 2023 for the Los Azules project. The firm is currently aiming for an IPO in the first half of 2023, following further development of its flagship project.
McEwen Mining last traded at $0.64 on the TSX.
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