The next great mine prospect at McEwen Mining’s prolific Fox Complex, outside Matheson, is coming into focus.
The Toronto gold company released a new mineral resource estimate for its Grey Fox deposit, three kilometres southeast of McEwen’s Black Fox Mine and 75 kilometres east of Timmins.
McEwen reports an indicated resource 1,538,000 ounces of gold, up 32 per cent from the last estimate in 2021, and an inferred resource to 458,000 ounces of gold, up 95 per cent.
The difference between indicated and inferred resources is the degree of confidence in the amount of minerals in the ground with indicated being the higher and inferred being the lower.
McEwen views Grey Fox as having significant long-term growth potential to extend the mining life at the Fox Complex.
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