02:08 PM EDT, 05/16/2024 (MT Newswires) -- McEwen Mining ( MUX ) unit McEwen Copper said Thursday that it has completed drill season at the Los Azules project in Argentina.

The main objective of the drilling campaign to check how big and good the deposit was compared to the 2023 estimate and to improve how to categorize the resources for the upcoming feasibility study was met.

Assay results show the initial data suggest that the drilling will likely make the Measured and Indicated resources bigger and bring the total minerals found to within 5% of what was estimated in the Preliminary Economic Assessment.

The company also said that testing for extensions beyond the planned pit has yielded positive results both to the north and south and its property-wide exploration has identified strong indications of a large porphyry system located 3 kilometers east of the Los Azules deposit.

Price: 10.67, Change: -0.02, Percent Change: -0.17