MUX - InvestorNewsBreaks - McEwen Mining Inc.'s (NYSE: MUX) (TSX: MUX) 52% Owned McEwen Copper Releases Latest Assay Results from Los Azules
McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today announced additional copper values over wide intercepts resulting from drilling performed on its San Juan, Argentina-based Los Azules project. McEwen Copper recently published an updated Preliminary Economic Assessment (“PEA”) on a copper leaching phase of development. Completed since the PEA model data cut-off date, infill and other resource drilling confirm very good alignment of new assay results to the resource model prediction for the same area. In addition, copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results. Among the highlights, the company reported that hole AZ23220 intercepted an enriched zone of 398 meters (m) grading 0.75% Cu (est. true thickness) and includes a sub-interval of 124 m grading 1.43% Cu. Hole AZ23218 intercepted an enriched zone of 202 m grading 0.63% Cu (est. true thickness) contained within an overall intercept of 239.2 m grading 0.59% Cu.
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About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it has significant exposure to copper through its 52% ownership of McEwen Copper. The company’s goal is to improve the productivity and extend the life of its mines with the objective of increasing its share value and price and providing a yield. Rob McEwen, chairman and chief owner, has personal investment in the company of US$220 million. His annual salary is US$1.For more information about the company, visit www.McEwenMining.com.
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