Inferred gold and silver resources up 61% and 44%, respectively, to 243,726 ounces gold and 15.7 million ounces silver, contained in 1 million tonnes. Gold grades increased by 39% to 7.37 gpt and silver grades increased by 24% to 476 gpt.
Measured and Indicated gold silver resources down 5% to 485,688 ounces gold while silver resources decreased marginally to 33.5 million ounces silver, contained in 2.2 million tonnes. Gold grades increased by 1% to 7.03 gpt and silver grades increased by 6% to 484 gpt.
Silver Resources
| |
Tonnes
(millions)
|
Grams per tonne
|
Ounces
|
|
Measured
|
0.6
|
559 |
11,353,300 |
|
Indicated
|
1.5 |
453 |
22,108,800 |
|
Measured and Indicated
|
2.1 |
484 |
33,462,100 |
|
Inferred
|
1.0 |
476 |
15,738,800 |
Proven and Probable gold and silver reserves up 7% and 20% respectively, to 179,879 ounces gold and 13.1 million ounces silver, contained in .8 million tonnes. Gold grades increased by 1% to 6.44 gpt and silver grades increased by 14% to 470 gpt.
Gold Resources
|
|
Tonnes
(millions)
|
Grams per tonne
|
Ounces
|
|
Measured
|
0.6
|
8.15 |
165,522 |
|
Indicated
|
1.5 |
6.56 |
320,166 |
|
Measured and Indicated
|
2.1 |
7.03 |
485,688 |
|
Inferred
|
1.0 |
7.37 |
243,726 |
Silver Reserves
|
|
Tonnes
(millions)
|
Grams per tonne
|
Ounces
|
|
Proven
|
0.4 |
470 |
6,144,600 |
|
Probable
|
0.5 |
471 |
6,987,400 |
|
Proven and Probable
|
0.9 |
470 |
13,132,000 |
Gold Reserves
|
|
Tonnes
(millions)
|
Grams per tonne
|
Ounces
|
|
Proven
|
0.4 |
6.73 |
88,004 |
|
Probable
|
0.5 |
6.19 |
91,875 |
|
Proven and Probable
|
0.9 |
6.44 |
179,879 |
San José resources and reserves estimates on this page were derived from the news release titled “McEwen Mining Announces Record Resource Estimate at the San José Mine in Argentina” released on March 18, 2013 by McEwen Mining. To access the news release click here.
For additional information about the San José mine, see the technical report dated August 15, 2012 titled "Technical Report on the San Jose Silver-Gold Mine, Santa Cruz, Argentina". The report was prepared by Eugene Puritch, P. Eng., David Burga, P. Geo, Alfred Hayden, P. Eng. And Fred Brown, CPG, Pr.Sci.Nat., all of who are considered independent of the Company as defined in Section 1.5 of NI 43-101. To access the report click here.
All resource and reserve estimates reported by McEwen Mining Inc. are calculated in accordance with 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.