McEwen Copper Inc., 68%-owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today announced rich copper values over attractive widths resulting from infill drilling at its Los Azules project. A large porphyry copper-gold-silver deposit, Los Azules holds considerable growth potential, where its ultimate depth and lateral extents remain to be determined. Among the highlights, the company reported widespread mineralized magmatic hydrothermal breccias with intercepts such as 237.2 meters (m) of 1.05% Cu including 108 m of 1.71% Cu in hole AZ22173. “We have transitioned into 2023 with tremendous momentum, backstopped by 9 on-site drills, an active community engagement program and a fully staffed technical team advancing Los Azules towards feasibility,” said McEwen Copper VP and General Manager Michael Meding. “We are delivering a first-class technical evaluation on a copper deposit that will put Argentina at the forefront of critical metals production supporting worldwide electrification and a greener future for generations to come.”
In addition, McEwen Mining, an asset-rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, announced its selection of the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. As part of the client partner relationship, IBN will generate greater awareness for McEwen Mining by leveraging its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools. “There are lots of reasons to be excited about the coming months for McEwen Mining. The company is bringing its gold production costs more in line with industry averages, which is expected to bear fruit at both The Fox Complex and Gold Bar South in 2023. This is timely with analysts forecasting a near-term bull market for the precious metal,” said IBN’s Director of Client Solutions Chris Johnson. “Then, there’s the company’s 68% stake in McEwen Copper, owner of the Los Azules copper deposit in Argentina, believed to be the 9th largest undeveloped copper resource in the world.”
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About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns 68% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. McEwen’s chair and chief owner has personally provided the company with $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX
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