Rob McEwen delivers new explorations results from his new Twin Domes discovery in Mexico.
"9.7 gpt Gold over 10.3 Meters - 17 Meters below Surface
5.0 gpt Gold over 16.8 Meters - 7 Meters below Surface
Twin Domes is located 17 kilometers (10.5 miles) northwest of the Company's El Gallo 1 heap leach mine (Fig. 1). Initial test results show that the gold mineralization at Twin Domes is potentially amenable to heap leaching, which would allow it to be processed at El Gallo 1. Ten additional core holes were completed in this recent drilling. Although it is early, McEwen Mining is highly encouraged by these results and believes Twin Domes could have a positive impact on the El Gallo 1 mine."
Higher Silver and Gold prices will provide future catalyst for this developing story and these encouraging exploration results show the basis to grow the resources for McEwen Mining in Mexico and potentially process it at the existing facilities at El Galo 1 after the ongoing expansion.
"Rob McEwen is bullish on Gold and his call about the bottom in the gold market has proven to be right so far. Silver action is particularly important for McEwen Mining now as it provides the very high leverage to its operations.
Suddenly after all doom and gloom this story is looking very promising again and Shorts has to run to cover. Los Azules copper project can change it overnight for McEwen Mining and TNR Gold.
Copper was building the base with the news from China about better economic data and high premiums in the copper supply chain due to the delivery delays. Positive news from Argentina will bring upcoming new PEA on Los Azules to the headlines again this Fall."
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