Copper $ 3.14 +0.00 +0% Volume: September 2, 2014
Silver $ 19.20 -0.28 -1.44% Volume: September 2, 2014
Gold $ 1,266.76 -19.97 -1.55% Volume: September 2, 2014
TSX: MUX $ 2.96 -0.05 -1.66% Volume: 146,627 September 2, 2014
NYSE: MUX $ 2.69 -0.08 -2.89% Volume: 1,526,749 September 2, 2014
1,266.76 -19.97 -1.55% Volume: Pricing delayed 20 minutes September 02, 2014 6:55 PM
Operations
Operations

San José Mine – Argentina (49% Ownership)

Exploration – New High Grade Results

The San José mine has not been fully explored. The property encompasses approximately 123,000 acres, and there is good potential for additional resource and reserve expansion.
On October 18, 2012, the Company announced the discovery of another new vein system at the San José mine. This result is part of the largest exploration program ever being conducted at the mine this year ($14 million budget). The new discovery is the high-grade gold/silver Emilia vein, located within the known San José area. The Emilia vein has been traced over a strike length of more than 1,000 meters and it is open to the east and at depth. The discovery of this new vein system is encouraging and illustrates the prospective nature of the San José mine and the surrounding land package.

Drilling Highlights - Emilia Vein

Drill Hole Intercept
(m)
True Width
(m)
Au
(g/t)
Ag
(g/t)

SJD-496

including

2.30

1.00

0.53

0.23

22.8

46.4

3,403

6,951
SJD-1220
0.85
0.85
2.3
840

SJD-1246

including

1.65

1.00

0.73

0.31

44.5

71.3

2,251

3,579

SJD-1264

including

1.65

0.90

0.56

0.31

86.4

147.0

1,041

1,276

SJD-1269

including

4.70

1.00

0.89

0.19

11.6

30.4

86

212


San José technical information on this page is the news release titled “McEwen Mining Third Quarter 2012 Production Results and Discovery of New Vein System at the San José Mine in Argentina” released on October 18, 2012 by McEwen Mining. To access the news release click here.

For additional information about the San José mine, see the technical report titled "Technical Report on San José Silver-Gold MineSanta CruzArgentina" dated August 15, 2014 with an effective date of December 31 2013, prepared by Eugene Puritch, P.Eng., David Burga, P.Geo., Alfred Hayden, P.Eng., James L. Pearson, P.Eng., Fred H. Brown, P.Geo., and James K. Duff, P.Geo., all of whom are qualified persons and all of whom except James K. Duff are independent of McEwen Mining, each as defined by NI 43-101. To access the report click here.

Cautionary Notes
McEwen Mining reports its resource estimates in accordance with standards of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 ("NI 43-101"). These standards are different from the standards generally permitted in reports filed with the SEC. Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements which are generally not permitted in filings made with the SEC. According to Canadian NI 43-101 criteria, the estimation of measured resources and indicated resources involve greater uncertainty as to their economic feasibility than the estimation of proven and probable reserves. Under SEC Industry Guide 7 criteria, measured, indicated and inferred resources are considered Mineralized Material. The SEC considers that in addition to greater uncertainty as to the economic feasibility of Mineralized Material compared to proven and probable reserves, there is also greater uncertainty as to the existence of Mineralized Material. U.S. investors are cautioned not to assume that measured or indicated resources will be converted into economically mineable reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than  the estimation of other categories of resources.
 
Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This website contains certain forward-looking statements and information and investors are encouraged to review our Cautionary Note Regarding Forward Looking Statement and our disclaimer regarding Reliability of Information San Jose Mine / Minera Santa Cruz S.A.

 

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