(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.
Read the entire story at www.NorthernMiner.com/news/mcewen