Mcewen mining inc. reports additional positive drill results from grey fox

Mcewen mining inc. reported additional positive drill results from grey fox, part of the black fox complex, located in the prolific timmins gold district, canada. the grey fox area is comprised of four deposits: 147, 147ne, contact and south. drill results in this news release are confirming the continuity of the main gold mineralized shoot at 147ne and suggest the presence of two intriguing new areas of mineralization at the south zone and whiskey jack. at 147ne, they have observed that higher grades and thicker mineralization occur where northwest dipping structures intersect favorable iron-rich volcanic host rocks, for example 5.7 g/t au over 8.2 m, including 19.3 g/t au over 2.2 m (hole 19gf-1173). this zone is exposed at surface and has been drill tested to a depth of 350 m where mineralization is offset by a fault. their knowledge and success drilling 147ne resulted in the generation of targets with the same characteristics, which were drilled at whiskey jack and south zone. whiskey jack is a new exploration target located 1 km north of the south zone intercepts, where drilling began in mid-september. assays for one hole have been received to date, which returned a very encouraging result of 14.1 g/t au over 8.4 m, including 59.1 g/t au over 1.3 m core length, with multiple occurrences of visible gold in quartz-carbonate veins and breccias overprinted by faulting. additional drilling in this area is underway to confirm the orientation, thickness and continuity of the vein. south zone drilling has improved their knowledge of the structural controls on the replacement-style mineralization. drill hole 19gf-1198 returned 10.9 g/t au over 18.8 m core length, including 15.9 g/t au over 10.0 m, and contained visible gold associated with 2-10% disseminated pyrite in silica-albite-hematite alteration (replacement-style mineralization). both styles of mineralization occur preferentially in iron-rich volcanic rocks. additional drilling at the 147 zone was done to reinforce our confidence in the geometry of the mineralization for modeling purposes and to provide additional drill intersections perpendicular to some of the mineralization controlling structures.
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