McEwen Mining Inc. (NYSE:MUX, TSX:MUX) announced an updated mineral resource from its Azules Copper Project in Argentina.
As quoted in the press release:
Contained copper in the indicated resource decreased slightly to 4.45 billion lbs. The expanded resource incorporates 6,966 meters of new drilling from 10 additional holes. The resource remains open laterally, to depth and along strike. Los Azules is one of the world’s largest, undeveloped, high-grade, open pit copper projects which, contains significant growth potential.
McEwen’s Chief Owner, Rob McEwen, said:
Los Azules is a unique asset, in terms of size and grade, for McEwen Mining. This year’s exploration drilling has demonstrated that there is significant potential to expand the resource well beyond our previous understanding of the deposit.