(TSX: MUX; NYSE: MUX) has tabled a maiden resource for its Stock East gold deposit and an updated resource for its Froome gold deposit to go with numerous positive results from its ongoing $15-million exploration campaign at its Black Fox complex in Timmins, Ont.
The company has drilled 80,000 metres so far at Black Fox in 2018 of a planned 100,000 metres by year-end.
“Very little exploration has gone on in a regional sense at Black Fox,” Black Fox exploration manager Ken Tylee says during a presentation at McEwen’s September Investor and Analyst day. “Most camps in eastern Canada have a very short strike length but are very deep. Compared to other historic camps like Kirkland Lake, we’re really just scratching the surface at Black Fox.”
Stock East’s first resource outlines 1.38 million inferred tonnes grading 2.54 grams gold per tonne for 114,000 oz. gold across an open pit and underground mine. It classifies 73,000 oz. gold as underground.
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