McEwen Mining

Published : March 01st, 2010

El Gallo: Thick Intersections of Good Grade Continue

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 
 
US Gold Corporation
NYSE Amex: UXG
TSX: UXG
Other Recent News

March 1, 2010
US Gold Corporation: El Gallo: Thick Intersections of Good Grade Continue

283.4 GPT SILVER OVER 39.3 METERS, 104.4 GPT SILVER OVER 53.9 METERS & 868.9 GPT SILVER OVER 7.1 METERS

TORONTO, ONTARIO--(Marketwire - March 1, 2010) - US GOLD CORPORATION (NYSE Amex:UXG)(TSX:UXG) is pleased to announce additional core drilling results from the El Gallo Project in Sinaloa State, Mexico. The three best holes from the fifteen assayed since our last update are: 8.3 ounces of silver per ton (opt) over 128.8 ft (feet) (283.4 grams per tonne (gpt) over 39.3 meters (m)), 3.0 opt silver over 176.8 ft (104.4 gpt silver over 53.9 m) and 25.3 opt silver over 23.3 ft (868.9 gpt silver over 7.1 m). These results are part of the 330,000 ft (100,000 m) of drilling planned for El Gallo and surrounding targets this year.

"Drilling at El Gallo continues to return thick intersections of good grade that start at or near surface. To date, 95% of the holes drilled have encountered significant mineralization! We are extremely pleased with these results. Going forward we will continue with our large exploration program, publish an initial resource estimate during the second quarter and look to complete an preliminary economic analysis by year-end. Also, on March 15th and 16th US Gold will be taking a number of mining analysts to El Gallo in order to highlight what we feel is one of the best silver projects owned by an junior," stated Rob McEwen, Chairman and CEO.

Eastern Area: Thick Intersections of Good Grade

8.3 opt silver over 128.8 ft (283.4 gpt over 39.3 m)

Since exploration resumed in January, US Gold's drilling has encountered thick intersections of good grade in the Eastern Area. Based on these results the Eastern Area has become one of our top priorities. Three new core holes have been completed with assays, providing further confirmation of El Gallo's potential for growth. Drill hole GAX-082 expanded the mineralization by approximately 115 ft (35 m) laterally (Figure 1) and encountered five separate zones of mineralization from surface to 528 ft (161 m) down hole. Three of these zones were especially noteworthy: 3.0 opt silver over 176.8 ft (104.4 gpt silver over 53.9 m), 6.1 opt silver over 79.6 ft (209.9 gpt silver over 24.3 m) and 2.9 opt silver over 96.8 ft (98.0 gpt silver over 29.5 m).

GAX-057 is the eastern most hole drilled to date (Figure 1) and was designed to extend the mineralization vertically. Mineralization was expanded by approximately 165 ft (50 m) (Figure 2.). Results from the eastern area are shown below:

----------------------------------------------------------------------------
Hole #     Silver  Length  From    To     Hole #  Silver Length  From     To
----------------------------------------------------------------------------
            (opt)    (ft)  (ft)  (ft)              (gpt)    (m)   (m)    (m)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GAX-059       1.7   167.0   0.3 167.3    GAX-059    59.0   51.0   0.0   51.0
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GAX-057       8.3   128.8 319.7 448.5    GAX-057   283.4   39.3  97.5  136.7
----------------------------------------------------------------------------
Including    15.9    46.4 390.4 436.8  Including   544.0   14.2 119.0  133.2
----------------------------------------------------------------------------
Including   128.0     0.5 408.1 408.6  Including 4,390.0    0.2 124.4  124.6
----------------------------------------------------------------------------
Including    56.9     1.8 421.6 423.4  Including 1,950.0    0.6 128.5  129.1
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Hole #     Silver  Length  From    To     Hole #  Silver Length  From     To
----------------------------------------------------------------------------
            (opt)    (ft)  (ft)  (ft)              (gpt)    (m)   (m)    (m)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GAX-082       3.0   176.8  14.8 191.6    GAX-082   104.4   53.9   4.5   58.4
----------------------------------------------------------------------------
And           6.1    79.6 229.0 308.6        And   209.9   24.3  69.8   94.1
----------------------------------------------------------------------------
Including    15.3    19.7 232.3 252.0  Including   525.7    6.0  70.8   76.8
----------------------------------------------------------------------------
And           2.9    96.8 330.1 426.8        And    98.0   29.5 100.6  130.1
----------------------------------------------------------------------------
Including    17.8     2.3 353.3 355.6  Including   609.0    0.7 107.7  108.4
----------------------------------------------------------------------------
Including    16.3     2.6 421.9 424.5  Including   560.0    0.8 128.6  129.4
----------------------------------------------------------------------------
And           5.4     4.1 484.3 488.4        And   186.0    1.3 147.6  148.9
----------------------------------------------------------------------------
And          13.1     2.1 520.3 522.3        And   449.0    0.7 158.6  159.3
----------------------------------------------------------------------------
All depths indicated in table are down hole
0.73 opt Ag (25 gpt Ag) cutoff
Allowable waste interval was 19.7 ft (6 m) of less than 0.73 opt Ag (25 gpt
 Ag)
Numbers may not add due to rounding
True widths are unknown
 
Western Area: Potential High Grade Zone Emerging

25.3 opt silver over 23.3 ft (868.9 gpt over 7.1 m)

Exploration in the Western Area was designed to extend the high grade mineralization encountered in drill hole GAX-039 (30.0 opt silver over 2.5 ft (1,030 gpt over 0.8 m) and 27.6 opt silver over 3.4 ft (946.2 gpt over 1.1m)) (Released August 5, 2009). Drill hole GAX-061, located approximately 115 ft (35 m) to the southwest, successfully accomplished this objective intersecting additional high-grade over a greater thickness: 25.3 opt silver over 23.3 ft (868.9 gpt over 7.1 m). This high grade mineralization is believed to be an extension of the Main Zone. Results from this drilling are shown below:

---------------------------------------------------------------------------
Hole #     Silver  Length  From    To     Hole #  Silver Length   From   To
---------------------------------------------------------------------------
            (opt)    (ft)  (ft)  (ft)              (gpt)    (m)    (m)  (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-061       2.4    36.6  18.5  55.1    GAX-061    81.2   11.2    5.7 16.8
---------------------------------------------------------------------------
And          25.3    23.3 112.9 136.2        And   868.9    7.1   34.4 41.5
---------------------------------------------------------------------------
Including   115.6     4.4 119.8 124.2  Including 3,964.8    1.4   36.5 37.9
---------------------------------------------------------------------------
All depths indicated in table are down hole
0.73 opt Ag (25 gpt Ag) cutoff
Allowable waste interval was 19.7 ft (6 m) of less than 0.73 opt Ag (25 gpt
 Ag)
Numbers may not add due to rounding
True widths are unknown
 
Connecting the Main and North Zones

4.8 opt Silver over 102.2 ft (166.3 gpt over 31.2 m)

A total of five holes have been drilled to test if the Main and North Zones connect. Assays for the first two holes (Figure 1) have been completed, with near surface mineralization intersected over good widths. Highlights from the first two holes are below:

----------------------------------------------------------------------------
Hole #     Silver  Length  From   To  Hole #     Silver  Length   From    To
----------------------------------------------------------------------------
           (opt)    (ft)   (ft)  (ft)             (gpt)     (m)    (m)   (m)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GAX065       5.1    76.6   13.9  90.6 GAX065       174.9   23.4    4.3  27.6
----------------------------------------------------------------------------
Including   23.5     3.4   13.9  17.4 Including    805.0    1.1    4.3   5.3
----------------------------------------------------------------------------
Including   26.4     3.0   52.7  55.6 Including    906.0    0.9   16.1  17.0
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GAX-069      4.8   102.2    0.0 102.2 GAX-069      166.3   31.2    0.0  31.2
----------------------------------------------------------------------------
Including   36.7     5.4   44.1  49.5 Including  1,256.7    1.7   13.5  15.1
----------------------------------------------------------------------------
Including   33.8     3.3   61.4  64.6 Including  1,160.0    1.0   18.7  19.7
----------------------------------------------------------------------------
All depths indicated in table are down hole
0.73 opt Ag (25 gpt Ag) cutoff
Allowable waste interval was 19.7 ft (6 m) of less than 0.73 opt Ag (25 gpt
Ag)
Numbers may not add due to rounding
True widths are unknown
 
North Zone

3.0 opt Silver over 69.4 ft (101.2 gpt over 21.2 m)

Drilling resumed in the North Zone where three core holes were completed in 2009 with the objective of extending the mineralization in several different directions and providing continuity between holes for the upcoming resource estimate. Drilling in the North Zone covers an area totaling 650 ft (200 m) by 650 ft (200 m), with mineralization being encountered to a depth of 215 ft (65 m). Results from the first 6 holes are shown below.

---------------------------------------------------------------------------
Hole #     Silver  Length  From    To     Hole #  Silver Length  From    To
---------------------------------------------------------------------------
            (opt)    (ft)  (ft)  (ft)              (gpt)    (m)   (m)   (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-066      37.6     1.0 128.3 129.3    GAX-066 1,290.0    0.3  39.1  39.4
---------------------------------------------------------------------------
And          26.0     3.0 202.6 205.5        And   891.0    0.9  61.8  62.7
---------------------------------------------------------------------------
And           5.9     3.9 263.0 266.9        And   202.0    1.2  80.2  81.4
---------------------------------------------------------------------------
And           4.3     3.3 416.7 419.9        And   147.0    1.0 127.0 128.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-071       2.2    59.4   0.0  59.4    GAX-071    75.9   18.1   0.0  18.1
---------------------------------------------------------------------------
Including     4.0    16.4   0.0  16.4  Including   136.8    5.0   0.0   5.0
---------------------------------------------------------------------------
Including     7.5     4.3  33.1  37.4  Including   257.5    1.3  10.1  11.4
---------------------------------------------------------------------------
And           6.0     3.1  90.4  93.5        And   207.0    1.0  27.6  28.5
---------------------------------------------------------------------------
And          26.8     2.3 177.2 179.5        And   920.0    0.7  54.0  54.7
--------- ------- ------- ----- ----- ---------- ------- ------ ----- -----
And           9.6     3.8 309.5 313.3        And   330.0    1.2  94.4  95.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-072       4.6    15.3  12.6  27.9    GAX-072   156.0    4.7   3.9   8.5
---------------------------------------------------------------------------
And           3.6    11.5 129.6 141.1        And   122.0    3.5  39.5  43.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-074       2.9    22.0  25.3  47.2    GAX-074    98.3    6.7   7.7  14.4
---------------------------------------------------------------------------
Including    26.5     1.5  29.4  30.8  Including   907.0    0.5   9.0   9.4
---------------------------------------------------------------------------
And           5.2     2.3 181.8 184.1        And   179.0    0.7  55.4  56.1
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-075       4.8     7.7  58.4  66.1    GAX-075   164.0    2.4  17.8  20.2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-076       3.0    69.4   0.0  69.4    GAX-076   101.2   21.2   0.0  21.2
---------------------------------------------------------------------------
Including    16.7     4.9   3.9   8.9  Including   574.0    1.5   1.2   2.7
---------------------------------------------------------------------------
All depths indicated in table are down hole
0.73 opt Ag (25 gpt Ag) cutoff
Allowable waste interval was 19.7 ft (6 m) of less than 0.73 opt Ag (25 gpt
Ag)
Numbers may not add due to rounding
True widths are unknown
 
Delineation Drilling Confirms Continuity of Near Surface Mineralization

3.4 opt Silver over 68.2 ft (117.1 gpt over 20.8 m)

Drilling conducted in the central area of the Main Zone was successful in establishing continuity of near surface mineralization. Results from these holes are highlighted below.

---------------------------------------------------------------------------
Hole #     Silver  Length  From    To     Hole # Silver  Length  From    To
---------------------------------------------------------------------------
            (opt)    (ft)  (ft)  (ft)             (gpt)     (m)   (m)   (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-063       1.6   101.7  34.4 136.2    GAX-063   56.5    31.0  10.5  41.5
---------------------------------------------------------------------------
Including     4.9    22.8  98.1 120.9  Including  166.3     7.0  29.9  36.9
---------------------------------------------------------------------------
And           2.2    78.2 165.5 243.8        And   75.1    23.9  50.5  74.3
---------------------------------------------------------------------------
Including     5.5    19.5 183.6 203.1  Including  189.2     6.0  56.0  61.9
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GAX-064       3.4    68.2   0.0  68.2    GAX-064  117.1    20.8   0.0  20.8
---------------------------------------------------------------------------
 
Geological Technical Description of El Gallo

El Gallo is a low-sulfidation, epithermal silver deposit located within the Pie de la Sierra physiographic province of the Sierra Madre Occidental Range which is part of a late Jurassic to middle Cretaceous volcanic-arc with volcanic and associated sedimentary rocks that extends for hundreds of miles through northwestern Mexico. Cretaceous-Tertiary volcanic and volcano-sedimentary rocks rest upon a basement of Paleozoic and Mesozoic sedimentary and metamorphic rocks. Intrusives of Late Cretaceous and Tertiary age cut these rocks locally. Regionally, these intrusives are dominated by the Sinaloa Batholith of granitic composition. The El Gallo project is situated near the margin of an exposure of Sinaloa Batholith and other shallow-level porphyritic intrusives occur within the project area. Silver mineralization is hosted in breccia bodies and stockwork zones that occur dominantly in the andesitic volcanic rocks and to a lesser extent in quartz monzonite porphyry intrusive. The shape of the mineralization has not yet been defined.

To view the 15 new core holes from this news release see Table 1. To view all 73 core holes drilled at El Gallo, please click: http://www.usgold.com/news/pdf/20090805_uxg_elgalloallholes.pdf

To view assays intervals from core holes GAX-057 and GAX-082, please click: http://www.usgold.com/news/pdf/20100301/GAX057.xls

http://www.usgold.com/news/pdf/20100301/GAX082.xls

ABOUT US GOLD (www.usgold.com)

US Gold Corporation is a Colorado incorporated gold and silver exploration company with a strong treasury, no debt and two significant land holdings, one in Nevada next to Barrick Gold's multi-million ounce Cortez project, and the other in Mexico where an exciting high-grade silver discovery has been made. US Gold's shares trade on the NYSE Amex and the Toronto Stock Exchange under the symbol UXG. US Gold has good market liquidity, trading 1.1 million shares daily, and is included in S&P/TSX and Russell indices.

QUALIFIED PERSON

This news release has been viewed and approved by Steve Brown, US Gold's Chief Geologist, who is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company at its Mexican exploration properties.

Samples from the core drilling were split on-site at the Company's Magistral Mine property. One quarter of the split drill core was shipped to ALS Chemex in Hermosillo for sample preparation and analysis by 4-acid digestion with ICP determination for silver and fire assay for gold. Samples returning greater than 1500 ppm silver or 10 ppm gold were re-analyzed using gravimetric fire assay. Standards and blanks were inserted every 20 samples.

All holes were drilled with HQ bits utilizing a CS-1500 truck-mounted core drill. Samples were taken based on lithologic and/or mineralized intervals and vary in length. The true width of the mineral zone has not yet been determined.

Certain statements contained herein and subsequent oral statements made by and on behalf of the Company may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as "intends," "anticipates," "believes," "expects" and "hopes" and include, without limitation, statements regarding the Company's results of exploration, plan of business operations, potential contractual arrangements, receipt of working capital, anticipated revenues and related expenditures. Factors that could cause actual results to differ materially include, among others, those set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors". Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulations, the Company disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

El Gallo Silver Project: Core Holes Assays

Table 1.
March 1, 2010

--------------------------------------------
             Silver    Gold   Length    From
             ------   -----   ------   -----
Hole #         (opt)   (opt)     (ft)    (ft)
--------------------------------------------

--------------------------------------------
GAX057          8.3            128.8   319.7
Including      15.9             46.4   390.4
Including     128.0              0.5   408.1
Including      56.9              1.8   421.6
--------------------------------------------

--------------------------------------------
GAX059          1.7            167.3     0.0
--------------------------------------------

--------------------------------------------
GAX061          2.4             36.6    18.5
And            25.3             23.3   112.9
Including     115.6              4.4   119.8
--------------------------------------------

--------------------------------------------
GAX062          1.4             55.8     0.0
--------------------------------------------

--------------------------------------------
GAX063          1.6            101.7    34.4
Including       4.9             22.8    98.1
And             2.2             78.2   165.5
Including       5.5             19.5   183.6
--------------------------------------------

--------------------------------------------
GAX064          3.4             68.2     0.0
--------------------------------------------

--------------------------------------------
GAX065          5.1             76.6    13.9
Including      23.5              3.4    13.9
Including      26.4              3.0    52.7
--------------------------------------------

--------------------------------------------
GAX066         37.6              1.0   128.3
And            26.0              3.0   202.6
And             5.9              3.9   263.0
And             4.3              3.3   416.7
--------------------------------------------

--------------------------------------------
GAX069          4.8            102.2     0.0
Including      36.7              5.4    44.1
Including      33.8              3.3    61.4
--------------------------------------------

--------------------------------------------
GAX071          2.2             59.4     0.0
Including       4.0             16.4     0.0
Including       7.5              4.3    33.1
And             6.0              3.1    90.4
And            26.8              2.3   177.2
And             9.6              3.8   309.5
--------------------------------------------

--------------------------------------------
GAX072          4.6             15.3    12.6
And             3.6             11.5   129.6
--------------------------------------------

--------------------------------------------
GAX074          2.9             22.0    25.3
Including      26.5              1.5    29.4
And             5.2              2.3   181.8
--------------------------------------------

--------------------------------------------
GAX075          4.8              7.7    58.4
--------------------------------------------

--------------------------------------------
GAX076          3.0             69.4     0.0
Including      16.7              4.9     3.9
And             1.3             24.6   110.6
--------------------------------------------

--------------------------------------------
GAX082          3.0            176.8    14.8
And             6.1             79.6   229.0
Including      15.3             19.7   232.3
And             2.9             96.8   330.1
Including      17.8              2.3   353.3
Including      16.3              2.6   421.9
And             5.4              4.1   484.3
And            13.1              2.1   520.3
--------------------------------------------



-------------------------------------------------
                Silver    Gold    Length    From
                ------    ---- -  ------    -----
Hole #            (gpt)   (gpt)       (m)     (m)
-------------------------------------------------

-------------------------------------------------
GAX057           283.4              39.5    97.3
Including        544.0              14.2   119.0
Including      4,390.0               0.2   124.4
Including      1,950.0               0.6   128.5
-------------------------------------------------

-------------------------------------------------
GAX059            59.0              51.0     0.0
-------------------------------------------------

-------------------------------------------------
GAX061            81.2              11.2     5.7
And              868.9               7.1    34.4
Including      3,964.8               1.4    36.5
-------------------------------------------------

-------------------------------------------------
GAX062            47.9              17.0     0.0
-------------------------------------------------

-------------------------------------------------
GAX063            56.5              31.0    10.5
Including        166.3               7.0    29.9
And               75.1              23.9    50.5
Including        189.2               6.0    56.0
-------------------------------------------------

-------------------------------------------------
GAX064           117.1              20.8     0.0
-------------------------------------------------

-------------------------------------------------
GAX065           174.9              23.4     4.3
Including        805.0               1.1     4.3
Including        906.0               0.9    16.1
-------------------------------------------------

-------------------------------------------------
GAX066         1,290.0               0.3    39.1
And              891.0               0.9    61.8
And              202.0               1.2    80.2
And              147.0               1.0   127.0
-------------------------------------------------

-------------------------------------------------
GAX069           166.3              31.2     0.0
Including      1,256.7               1.7    13.5
Including      1,160.0               1.0    18.7
-------------------------------------------------

-------------------------------------------------
GAX071            75.9              18.1     0.0
Including        136.8               5.0     0.0
Including        257.5               1.3    10.1
And              207.0               1.0    27.6
And              920.0               0.7    54.0
And              330.0               1.2    94.4
-------------------------------------------------

-------------------------------------------------
GAX072           156.0               4.7     3.9
And              122.0               3.5    39.5
-------------------------------------------------

-------------------------------------------------
GAX074            98.3               6.7     7.7
Including        907.0               0.5     9.0
And              179.0               0.7    55.4
-------------------------------------------------

-------------------------------------------------
GAX075           164.0               2.4    17.8
-------------------------------------------------

-------------------------------------------------
GAX076           101.2              21.2     0.0
Including        574.0               1.5     1.2
And               45.2               7.5    33.7
-------------------------------------------------

-------------------------------------------------
GAX082           104.4              53.9     4.5
And              209.9              24.3    69.8
Including        525.7               6.0    70.8
And               98.0              29.5   100.6
Including        609.0               0.7   107.7
Including        560.8               0.8   128.6
And              186.0               1.3   147.6
And              449.0               0.7   158.6
-------------------------------------------------


----------------------------------------------------------
                Azimuth           Dip   Easting   Northing
                ------- ------------- ---------  ---------
Hole #
----------------------------------------------------------

----------------------------------------------------------
GAX057      350 degrees   -55 degrees    212316    2843179
Including
Including
Including
----------------------------------------------------------

----------------------------------------------------------
GAX059      350 degrees   -55 degrees    212191    2843252
----------------------------------------------------------

----------------------------------------------------------
GAX061      170 degrees   -65 degrees    211943    2843334
And
Including
----------------------------------------------------------

----------------------------------------------------------
GAX062      170 degrees   -55 degrees    211988    2843337
----------------------------------------------------------

----------------------------------------------------------
GAX063      170 degrees   -50 degrees    211998    2843306
Including
And
Including
----------------------------------------------------------

----------------------------------------------------------
GAX064       40 degrees   -50 degrees    212007    2843243
----------------------------------------------------------

----------------------------------------------------------
GAX065      170 degrees   -75 degrees    212071    2843330
Including
Including
----------------------------------------------------------

----------------------------------------------------------
GAX066      350 degrees   -45 degrees    212031    2843325
And
And
And
----------------------------------------------------------

----------------------------------------------------------
GAX069        0 degrees   -90 degrees    212071   2843291
Including
Including
----------------------------------------------------------

----------------------------------------------------------
GAX071      350 degrees   -50 degrees    212035   2843450
Including
Including
And
And
And
----------------------------------------------------------

----------------------------------------------------------
GAX072      350 degrees   -70 degrees    212040   2843505
And
----------------------------------------------------------

----------------------------------------------------------
GAX074      350 degrees   -50 degrees    212069   2843439
Including
And
----------------------------------------------------------

----------------------------------------------------------
GAX075      350 degrees   -60 degrees    212176   2843472
----------------------------------------------------------

----------------------------------------------------------
GAX076      350 degrees   -50 degrees    212158   2843464
Including
And
----------------------------------------------------------

----------------------------------------------------------
GAX082      350 degrees   -50 degrees    212256   2843188
And
Including
And
Including
Including
And
And
----------------------------------------------------------

----------------------------------------------------------
All depths indicated in table are down hole
0.73 opt Ag (25 gpt Ag) cutoff
Allowable waste interval was 19.7 ft (6 m) of less than 0.73 opt Ag (25 gpt
 Ag)
Numbers may not add due to rounding
NSV equals No Significant Values
 
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/UGX301fig1.pdf

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/UGX301fig2.pdf

To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/UGX301fig3.pdf

CONTACT INFORMATION:

US Gold Corporation
Ian J. Ball
VP, Mexico
(647) 258-0395 or Toll Free: (866) 441-0690
Fax: (647) 258-0408

or

Mailing Address
99 George Street, 3rd Floor
Toronto, ON M5A 2N4
info@usgold.com
www.usgold.com

INDUSTRY: Manufacturing and Production - Mining and Metals


.
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

McEwen Mining

PRODUCER
CODE : MUX
ISIN : US58039P1075
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

McEwen Mining is a gold development stage company based in Canada.

McEwen Mining produces gold, silver in Argentina and in Mexico, develops gold and silver in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are MAGISTRAL MINE in Mexico and SAN JOSE ARGENTINA in Argentina, its main asset in development is EL GALLO MEXICO in Mexico and its main exploration properties are PALMARITO, GOLD PICK AND GOLD RIDGE, TONKIN PROJECT and MAGISTRAL in Mexico and LOS AZULES ARGENTINA and LIMO in Argentina.

McEwen Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 316.8 millions as of today (€ 280.5 millions).

Its stock quote reached its highest recent level on April 08, 2011 at US$ 9.87, and its lowest recent point on March 20, 2020 at US$ 0.53.

McEwen Mining has 337 054 594 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of McEwen Mining
4/16/2010El Gallo Discovery Featured in The Northern Miner
In the News and Medias of McEwen Mining
3/7/2019McEwen Mining halts payout over "much lower revenue" this qu...
1/15/2019Canada's McEwen Mining 2018 production exceeds guidance
8/27/2018Rob McEwen and McEwen Mining acquire 18.8% of Canadian miner
5/30/2013Vicious Gold Moves Insignificant for Long-Run
7/21/2010The Mysterious 380-Tonne Gold Swap and Genius Gold Bugs
3/23/2010Bob Prechter Reveals the Most Dangerous Gold & Silver Myths
8/26/2009U.S. Dollar Versus Gold, the Flea on a Bull's Back
5/28/2009US Gold Corporation completes over-allotment of common stock
Financings of McEwen Mining
2/14/2011Announces Common Stock Offering
Nominations of McEwen Mining
7/27/2011Appoints William Faust Chief Operating Officer
3/31/2008Appoints Perry Ing as Chief Financial Officer
Financials of McEwen Mining
7/27/2017NOTICE OF Q2 2017 FINANCIAL RESULTS CONFERENCE CALL=C2=A0
5/5/2016Q1 2016 OPERATING & FINANCIAL RESULTS
5/4/2016Q1 2016 FINANCIAL RESULTS CONFERENCE CALL=C2=A0
11/5/2015Q3 2015 OPERATING & FINANCIAL RESULTS
8/6/2015REPORTS 2015 SECOND QUARTER OPERATING & FINANCIAL RESULTS
Project news of McEwen Mining
4/19/2017Reports Q1 2017 Production Results
7/25/2016REPORTS Q2 PRODUCTION RESULTS
5/2/2016(El Gallo Mexico)BUYS ATTRACTIVE EXPLORATION TARGET NEAR EL GALLO MINE=C2=A0
4/19/2016REPORTS Q1 PRODUCTION RESULTS ROYALTY ACQUISITION
8/12/2015Fresnillo denies reports 300 kg of gold stolen from Mexico m...
4/21/20157:31 am McEwen Mining announces drill results that are expec...
4/7/2015McEwen Mining says robbers stole 7,000 ozs of gold from Mexi...
2/20/2014El Gallo 1 Mine Expansion Nears Completion
5/29/2012Attention US Gold Canadian Acquisition Corporation Exchangea...
3/26/2012Canadian Acquisition Corporation Announces Redemption of All...
1/4/2012(El Gallo Mexico)Provides El Gallo Complex Construction & Exploration Update
10/25/2011(El Gallo Mexico)El Gallo Drilling Intersects Impressive Silver Mineralizatio...
8/31/2011(El Gallo Mexico)to Begin Phase 1 Development at El Gallo Project in Mexico
8/11/2011(El Gallo Mexico)oration: El Gallo Infill Drill Results & High Grade Minerali...
6/29/2011(El Gallo Mexico) Drilling Around El Gallo Continues to Build on the Open Pit...
5/31/2011(Limo)Nevada Exploration Update-New Encouraging Results at Limo & ...
4/26/2011(El Gallo Mexico)Encouraging Drill Results Continuefrom El Gallo & Surroundin...
3/30/2011(El Gallo Mexico)El Gallo Continues to Expand East & South
3/13/2011(El Gallo Mexico)El Gallo Extended in Multiple Directions
8/16/2010(El Gallo Mexico) El Gallo Drilling Expan
7/27/2010(El Gallo Mexico)Continues to Grow Regional Drilling Encounters Early Suc
6/23/2010(El Gallo Mexico)El Gallo Expanded at Depth & to the West
6/9/2010(El Gallo Mexico)El Gallo Drilling Continues to Deliver Impressive Results
5/10/2010(Palmarito)Regional Drilling in Mexico Returns 213=2E9 gpt Silver Over ...
5/3/2010(El Gallo Mexico)El Gallo: Drilling 350 Meters Away From Kn
4/6/2010(El Gallo Mexico)El Gallo Continues to Grow Rapidly More Thick Intercepts & G...
3/24/2010(El Gallo Mexico)Significant Grades & Widths Continue at US Gold's El Gallo S...
3/1/2010(El Gallo Mexico)El Gallo: Thick Intersections of Good Grade Continue
2/11/2010(El Gallo Mexico) El Gallo Best Drill Results to Date
1/28/2010(El Gallo Mexico)El Gallo Exploration Off to Excellent Start in 2010
9/9/2009Nevada Cortez Trend Drilling Intersects New Zone
7/15/2009(Limo)Boosts Resources with Limo Project Estimate (Nevada, USA)
7/7/2009(El Gallo Mexico)Continues to Expand 7.9 opt Silver Over 179 Feet
6/11/2009(El Gallo Mexico)Exploration News Release: El Gallo Drilling Continues to Ret...
3/2/2009(El Gallo Mexico)El Gallo Delivers Exceptional High-Grade Core Drill Results ...
2/12/2009(El Gallo Mexico)El Gallo Drill Results Continue to Shine; Initial Four Core ...
2/9/2009(El Gallo Mexico)El Gallo Continues to Grow, Delivering More High-Grade Silve...
1/6/2009El Gallo: Two New High-Grade Areas Discovered
12/17/2008Intersects Impressive High-Grade
12/4/2008(Gold Pick And Gold Ridge)Adds Gold Resources in Nevada
11/26/2008(Magistral)El Gallo Returns Good Results: 43=2E6 optSilver & 0=2E45 opt...
11/19/2008(Magistral)Hits Significant Intercepts in Mexico
11/5/2008(Magistral) Gold & Silver Mineralization Expands at Two Sites in Mexico
9/25/2008(Magistral)Drilling in the Magistral District Returns 23=2E7 Opt Silver...
9/17/2008(Magistral)New Discovery for US Gold in Magistral District
8/6/2008(Magistral)oration: Drill Results Continueto Shine in Mexico's Magistra...
5/20/2008(Tonkin) Tonkin Resource Estimate Increases to 1.76 Million Oz Gold
5/9/2008(Magistral)Provides Mexico & Nevada Exploration Update
2/21/2008(Magistral)Mexico Delivering Positive Results Magistral Mine Exploratio...
1/23/2008(Magistral)Mexico Regional Exploration Update: Ea =?ISO-8859-1?Q?rly=20...
Corporate news of McEwen Mining
8/10/2017TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7/25/2016McEwen Mining Reports Q2 Production Results, Cash and Bullio...
7/14/2016Coverage Initiated on Select Gold Stocks
6/16/2016McEwen Mining Inc. Announces Change of Security Position in ...
6/15/2016Market Signals Coverage MeetMe and McEwen Mining Hit 52 week...
2/2/2016McEwen Mining Regains Compliance With NYSE Listing Standards
2/2/20167:01 am McEwen Mining has regained compliance with the NYSE'...
1/30/2016Information Purposes Only: NV Gold Reaches Agreement With Mc...
1/27/2016Evaluating Variations in Equity Market Trading - Complementa...
1/13/2016McEwen Mining Reports Record Production in 2015, Q4 Producti...
1/4/2016McEwen Mining Announces Management Appointment – Colin Suthe...
1/4/201610:15 am McEwen Mining appoints Colin Sutherland as Presiden...
1/4/2016Gold Stocks under Review -- McEwen Mining, Harmony Gold Mini...
12/29/2015Edited Transcript of MUX earnings conference call or present...
12/15/2015McEwen Mining New Financial Management Appointments
11/6/2015McEwen Mining Appoints Interim CFO
11/6/20159:55 am McEwen Mining appoints Rob McEwen as Interim Chief F...
11/5/2015McEwen posts 3Q profit
11/5/2015McEwen Mining Q3 2015 Operating & Financial Results
10/27/20156:31 am McEwen Mining reports Q3 production, showing 43,390 ...
10/21/2015McEwen Mining Announces Positive Feasibility Study for Gold ...
10/15/2015McEwen Mining (MUX) Jumps: Stock Adds 10.2% in Session
10/1/2015McEwen Mining Announces Management Change
10/1/2015McEwen Mining Announces Stock Repurchase Program
10/1/20154:49 pm McEwen Mining announces 15 mln share stock repurchas...
9/9/2015McEwen Mining Increases Production Guidance for 2015
8/27/2015Edited Transcript of MUX earnings conference call or present...
8/5/2015McEwen Mining Reports 2015 Second Quarter Operating & Financ...
7/22/2015Edited Transcript of MUX earnings conference call or present...
7/16/2015McEwen Mining Receives Insurance Proceeds
7/15/2015McEwen Mining Announces Record Quarterly Production at El Ga...
7/5/20154:32 pm McEwen Mining confirms that it has fallen below the ...
6/23/2015McEwen Mining Inc.: Production Update
6/23/20159:34 am McEwen Mining announces that production at the El Ga...
4/22/2015Global Demand Means the World's Most Important Base Metal Ma...
4/21/2015London Metal Exchange Copper Inventory Sees On-Warrant Stock...
4/21/2015McEwen Mining Announces Exploration Update for El Gallo 1, M...
4/16/2015McEwen Mining Announces Q1 2015 Production Results; Full Yea...
4/13/2015Statement by Rob McEwen- Cartel Confusion: Clarification of ...
4/10/2015Mining co. in Mexico has 'good relationship' with cartels
4/7/2015Armed Robbers Steal $8.5 Million of Gold From McEwen Mexico ...
4/7/2015McEwen Mining Reports Armed Robbery at El Gallo 1 Mine
4/7/20155:06 pm McEwen Mining reports armed robbery at El Gallo 1 mi...
3/20/2015BHP Billiton Boosts Growth on Higher Yield, Runs Risks - Ana...
3/10/2015McEwen Mining 2014 Operating & Financial Results
3/9/2015McEwen reports 4Q loss
3/9/2015McEwen Mining 2014 Operating & Financial Results
3/9/2015Announcement: Mcewen Mining Q4 & Full-Year 2014 Conference C...
3/9/2015Announcement: Mcewen Mining Q4 & Full-Year 2014 Conference C...
2/24/2015BHP Billiton 1H15 Results Weak, Down Y/Y on Headwinds - Anal...
2/13/2015Rio Posts Weak 2014 Results, Falls Y/Y on Market Headwinds -...
1/15/2015McEwen Mining Reports Record Production in 2014
1/15/2015McEwen Mining Reports Record Production in 2014
1/2/2015Rob McEwen, Chairman & Chief Owner Exercises Stock Options i...
12/22/2014Rob McEwen, Chairman & Chief Owner Exercises Stock Options i...
1/20/2012and Minera Andes Shareholders Vote to Approve Business Combi...
1/14/2012Responds to Settlement Offer Regardi
12/21/2011Rob McEwen Letter to Shareholders of US Gold and Minera Ande...
11/28/2011Announces Positive Preliminary Feasibi =?ISO-8859-1?Q?lity=2...
9/23/2011and Minera Andes Enter Into Arrangement Agreement to Form Mc...
5/18/2011Exploration Continues to Deliver Growth at El Gallo & Surrou...
7/19/2010Options Listed on Chicago Board of Options Exchange
6/7/2010Annual General Meeting of Shareholders
5/25/2010El Gallo MetallurgicalResults Demonstrate Excellent Silver R...
5/18/2010El Gallo Drilling Expands Silver Mineralization 100 Meters t...
4/26/2010El Gallo Continues to Impress
4/16/2010Announces Positive Preliminary Economi =?ISO-8859-1?Q?c=20As...
4/1/2010Announces 26% Increase in Measured and Indicated Resources a...
10/14/2009Nevada Delivers Good Drill Results
9/15/2009Added to the S&P/TSX Global Gold Index & S&P/TSX Global Mini...
8/5/2009Impressive Results Continue at El Gallo in Three Areas
6/10/2009Rob McEwen Invites Investors to US Gold's =?ISO-8859-1?Q?=20...
5/31/2009in New York City
5/26/2009Announces the Closing of Over-Allotment of Common Stock
5/19/2009Announces the Closing of Its Public Offering of Common Stock
12/3/2008Luncheon Dec 17, 2008
11/21/2008Dow Jones Article: US Gold
8/25/2008Exploration News Release
8/6/2008Outlines Nevada Exploration Program
7/7/2008Mexico Exploration Update
6/24/2008Mexico Exploration Update
5/14/20082008 US Gold AGM
3/25/2008Mexico Exploration Update
11/20/2007 Ann Carpenter has stepped down as President
10/5/2007Nevada Exploration Update
7/3/2007Completes Acquisitions of Target Companies!
7/4/2007& Lexam CEO Rob McEwen Appointed to the Order of Canada; Can...
6/12/2007Open Letter to US Gold Shareholders
6/12/2007Intriguing Grab Sample: Metal Value $2,200 Per Ton(i)
6/5/2007Announces Annual General Meeting
4/13/2007Canadian Acquisition Corporation TSX Listing Approved
4/10/2007Encouraging Results; Best Grade: 0.73 Opt Over 5 Ft.
3/13/2007 Reminds Shareholders of White Knight Resources, Nevada Paci...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (MUX)TORONTO (MUX.T)
0.940-1.05%
NYSE
US$ 0.940
12/03 16:10 -0.010
-1.05%
Prev close Open
0.950 0.940
Low High
0.920 0.960
Year l/h YTD var.
0.940 -  1.65 -5.05%
52 week l/h 52 week var.
0.940 -  1.65 -3.98%
Volume 1 month var.
2,678,020 -14.55%
24hGold TrendPower© : 24
Produces Gold - Silver
Develops Gold - Silver
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/17/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.36+1.60%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.44+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.95+0.34%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.94-1.05%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.87+4.57%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.34+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.38-0.48%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.42+3.70%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.16-5.71%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.45-4.30%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 41.77+0.43%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+10.34%Trend Power :