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Posted On: 06/20/2023 4:10:08 PM
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NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces 2023 PEA Results on Los Azules Copper Project
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today provided results of the updated Preliminary Economic Assessment (the “2023 PEA”) on the Los Azules Copper Project in San Juan Argentina (the “project”). The project is 100% owned by McEwen Copper Inc., which is 52% owned by McEwen Mining. According to the announcement, the PEA includes an updated independent mineral resource estimate, which increased to 10.9 billion (“B”) lbs. copper (“Cu”) (indicated, grade 0.40% ) and 26.7 B lbs. Cu (inferred, grade 0.31% ). Among the base highlights, the company reported total Cu recoverable to cathode of 8.68 billion lbs. (3.94 million tonnes), based on the life-of-mine (“LOM”) extraction of mineralized material containing approximately 11.90 billion lbs. of total Cu (5.40 million tonnes), and average copper recovery of 72.8%. The study is preliminary in nature and includes 26% inferred mineral resources in the conceptual mine plan. There is no certainty that the estimates in the PEA will be realized.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today provided results of the updated Preliminary Economic Assessment (the “2023 PEA”) on the Los Azules Copper Project in San Juan Argentina (the “project”). The project is 100% owned by McEwen Copper Inc., which is 52% owned by McEwen Mining. According to the announcement, the PEA includes an updated independent mineral resource estimate, which increased to 10.9 billion (“B”) lbs. copper (“Cu”) (indicated, grade 0.40% ) and 26.7 B lbs. Cu (inferred, grade 0.31% ). Among the base highlights, the company reported total Cu recoverable to cathode of 8.68 billion lbs. (3.94 million tonnes), based on the life-of-mine (“LOM”) extraction of mineralized material containing approximately 11.90 billion lbs. of total Cu (5.40 million tonnes), and average copper recovery of 72.8%. The study is preliminary in nature and includes 26% inferred mineral resources in the conceptual mine plan. There is no certainty that the estimates in the PEA will be realized.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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