Canadian Mining Journal


McEwen picks up more ground in Mexico

McEwen Mining (TSX: MUX; NYSE: MUX) is acquiring claims in Mexico about 10 km from the company’s El Gallo mine in Sinaloa state that it believes have the possibility of extending the life of the gold-silver mining operation, and chairman and chief owner Rob McEwen isn’t ruling out more purchases in the months ahead.

In an interview with The Northern Miner, McEwen said management is still looking for opportunities to build the company’s resources, which could include an acquisition, and also said he would consider a merger of equals if the right opportunity presented itself.

The claims McEwen Mining is purchasing this week in Mexico from Almadex Minerals (TSXV: AMZ; US-OTC: AXDDF) make up the El Encuentro project, and cover an area of hydrothermal alteration and gold-silver mineralization where significant surface sample results were produced from trenching in 1996.

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