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Gold/Mining/Energy : McEwen Mining
MUX 17.01-5.9%12:48 PM EST

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From: semi_infinite 1/20/2012 12:18:21 PM
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PILAR - awesome discovery at San Jose

phx.corporate-ir.net

After a successful drilling campaign in the first half of 2011, the second half of the year was dedicated to completing geophysical and magnetometry work in order to identify new targets at the property. This work was successfully completed and has already provided areas of potential that were targeted in the Q4 drilling campaign. During the quarter, 17,401 metres of diamond drilling was completed, focused on the Sofía, Susana, Luli, Orion and Pilar veins with significant intercepts including:


Vein

Results

Luli

SJD980 2.6m at 21.94 g/t Au & 2,113 g/t Ag

SJD985 0.7m at 11.77 g/t Au & 1,372 g/t Ag

SJD1008 1.9m at 8.39 g/t Au & 634 g/t Ag

SJD1015 2.5m at 37.23 g/t Au & 3,483 g/t Ag

SJD1017 2.0m at 7.88 g/t Au & 884 g/t Ag

Orion

SJD1029 1.0m at 18.44 g/t Au & 1,806 g/t Ag

SJD 1033 2.5m at 11.43 g/t Au & 1,105 g/t Ag

Pilar

SJD992 8.1m at 7.68 g/t Au & 397 g/t Ag

SJD996 14.8m at 12.15 g/t Au & 459 g/t Ag

SJD988 21.8m at 26.24 g/t Au & 922 g/t Ag

SJD1049 3.0m at 13.84 g/t Au & 218 g/t Ag
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