McEwen to proceed with Los Azules permitting and prefeasibility study

Reforms introduced by the Argentine government to encourage mining investment by eliminating taxes on exported mineral concentrates prompted McEwen Mining (TSX: MUX; NYSE: MUX) to revise a 2013 preliminary economic assessment of the Los Azules project. The PEA includes an updated resource estimate that incorporates results from the company’s 2016-2017 drill program for the 100% owned project in the Cordilleran region of Argentina’s San Juan province near the border with Chile. Los Azules – described by McEwen Mining as one of the world’s largest undeveloped high grade open pit copper projects — contains 10.2 billion lb. of copper in the indicated resource category (962 million tonnes grading 0.48% copper, 0.06 g/t gold, 0.003% molybdenum and 1.8 g/t silver) and another 19.3 billion lb. of inferred copper (2.67 billion tonnes grading 0.33% copper, 0.04 g/t gold, 0.003% moly and 1.6 g/t silver). Continue reading at The Northern Miner.