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By: ABN Newswire
September 02, 2013 at 14:50 PM EDT
McEwen Mining (TSE:MUX) Files NI 43-101 Technical Report on El Gallo Complex
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) announces that the technical report titled "Resource Estimate for the El Gallo Complex, Sinaloa State, Mexico" dated June 30, 2013 has been filed under the company's profile on SEDAR (www.sedar.com) pursuant to the requirements of Canadian National Instrument 43-101 and is also available on the company's website - www.mcewenmining.com. The technical report, prepared by John Read, CPG, McEwen Mining's Senior Consultant, and Luke Willis, P.Geo, McEwen Mining's Director, Resource Modeling, includes the updated resource estimates previously announced by the company in a press release dated July 17, 2013 and August 7, 2013. Mr. Read and Mr. Willis are both Qualified Persons as defined in Canadian National Instrument 43-101 and have reviewed and approved the contents of this news release.
About McEwen Mining :
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth gold producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Mexico and Nevada.
McEwen Mining has 296,024,859 shares issued and outstanding. Rob McEwen, Chairman, President and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares). As of December 31, 2012, McEwen Mining had cash and liquid assets of approximately US$79 million and is debt free.
Sheena Scotland Investor Relations Tel: (647) 258-0395 ext 410 Toll Free: (866) 441-0690 Fax: (647) 258-0408 Facebook: facebook.com/mcewenrob Twitter: twitter.com/mcewenmining E-mail: email@example.com
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