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Operations
Operations

Fuller

The Fuller Property is located in the Tisdale Township, approximately 3 km southeast of Timmins, in the heart of the Timmins gold camp. The property is 100% owned by McEwen Mining and it is within 2 kilometres of mines that have produced in excess of 55 million ounces of gold and that include Hollinger, McIntyre and Dome Mines. The property neighbours the Buffalo Ankerite Mines to the south (past production 1 million ounces and owned by McEwen Mining) and the Paymaster Mine to the east (past production 1.2 million ounces and 61% owned by McEwen Mining).

Since its discovery in 1910, the property has been intermittently explored and was subject to minimal production. Exploration programs from recent years successfully identified a number of highly mineralized zones, both at shallow levels and to depth. The results are encouraging and demonstrate further potential for exploration.

Highlights of Near Surface Fuller Drill Results
Hole # Zone From (m) To (m) Width (m) Grade (gpt)
2-30-VED CZ1 0.8 3.7 2.9 115.90
D15-47-VED GC2 3.8 5.5 1.7 135.11
375L-1-VED INT 0.0 6.1 6.1 39.47
375L-2-VED INT 0.0 12.2 12.2 5.38
2-31-VED HW 12.5 15.6 3.1 50.86

Highlights of Deeper Fuller Drill Results
Hole # Zone From (m) To (m) Width (m) Grade (gpt)
UG-88-70-VED HW 130.3 132.9 2.6 110.38
VG96-08-VED HW 293.8 300.5 6.7 36.75
5-48-VED CZ1 63.1 68.4 5.3 16.76
VG96-26-VED HW 392.6 409.7 17.1 4.23
VG96-30-VED CZ 554.7 562.0 7.3 11.41

Follow-up drilling on the property started in 2011. New favourable results with good widths were obtained in a quartz-feldspar porphyry structure with its adjacent volcanics. The figure below exemplifies these results. The complete drill data is available in the press releases from November 29, 2011, March 1, 2012, July 11, 2012 and January 31, 2013.

Fuller drill results

Together with the enveloping mafic structure that hosts most of the property's historic resource, the quartz-feldspar porphyry structure represents a property deposit that was re-assessed in consideration of a new open pittable resource estimate

Below are the 2013 updated NI 43-101 compliant resource estimates on the property:

Fuller Open Pit Resource Estimate (calculated at cut-off of 0.51 gpt Au)
Indicated   Inferred
Tonnes (000's) Grade (gpt) Gold (oz)   Tonnes (000's) Grade (gpt)
Gold (oz)
5,332 1.68 290,000   2,704 1.30 112,000

Fuller Underground Resource Estimate (calculated at cut-off of 2.57 gpt Au)
Indicated   Inferred
Tonnes (000's) Grade (gpt)
Gold (oz)   Tonnes (000's) Grade (gpt)
Gold (oz)
327 5.76 61,000   844 4.97 135,000
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