McEwen Mining provides update on Grey Fox deposit

McEwen Mining has released new assay results from its Grey Fox deposit, part of the Fox Complex located near Matheson. 

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In a media release, company officials say these results demonstrate that the Gibson area of Grey Fox has good grading mineralization over mineable widths near existing underground infrastructure. Grey Fox is currently a 1 million plus, ounce gold deposit and is the next project in the company’s growth pipeline after the current development of their stock project. 

In addition, the company says geological interpretations have created “an exciting” new exploration; one that suggests that high grade Black Fox horizon style mineralization may exist below and adjacent to the Grey Fox deposit and could extend three km along trend towards the Black Fox Mine. The current Grey Fox gold resource is estimated to contain more than 1.1 million ounces of indicated mineralization and greater than 0.2 million ounces of inferred mineralization. 

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The release goes on to state an earlier geophysical survey that previously identified multiple targets, including one that became the Froome mine, is the main focus for two key areas planned for drilling in 2025. The first area is the Grey Fox exploration horizon located to the North-West of the current Grey Fox resource which contains the Gibson, Whiskey Jack, 147 and the GFS (Grey Fox South) zones. 

The second area is what our geologists believe could be the Black Fox horizon located stratigraphically below the Grey Fox horizon. A follow up geophysical survey will be conducted in Q4, with the goal of delineating additional anomalies between the Grey Fox resource and the Black Fox Mine. 

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