Toronto-based McEwen Mining says it is impressed by the discovery of a new high-grade occurrence on the Stock property, part of the Black Fox complex 60 km east of Timmins. The company’s senior VP exploration, Sylvain Guerard, says the find at Stock West has the potential to be a significant new zone.
Here are the highlights:
The company has so far completed eight holes at Stock West. All have intersected a coarse grained, magnesite-fuchsite-dolomite carbonated altered ultramafic unit. A pyrite rich felsic dyke was also noted in three holes. The dyke occurs next to the ultramafic intrusive and has visible gold throughout.
This year’s drill program at Stock also returned multiple high-grade gold mineralization along a 3 km-long segment of the Porcupine-Destor fault as well as at Stock East and Stock Deep.
The Black Fox complex has a 2019 guidance of between 36,000 and 40,000 oz. of gold.
(This article first appeared in the Canadian Mining Journal)