Aggressive mining exploration continues throughout the Timmins mining camp, thanks to the efforts of at least one smaller producer located in nearby Black River-Matheson.
That’s where McEwen Mining set up shop after purchasing the Black Fox complex from Primero Mining in 2017. To say McEwen’s exploration plan is aggressive would be an understatement.
Company president Chris Stewart revealed in January the company has earmarked $20 million for exploration drilling on its properties in 2019, which include the Black Fox Mine, as well as the Froome, Grey Fox and Tamarack deposits.
This follows the $18 million that was spent on exploration there in 2018. “Not many other companies up here are spending that kind of money on exploration right now,” Stewart told the Timmins Chamber of Commerce.
In 2018, the Black Fox Mine had production guidance of 48,000 ounces. The 2019 guidance is not yet revealed but should be similar to 2018, Stewart said.
For the rest of this article: http://www.sudburyminingsolutions.com/gold-keeps-exploration-drills-turning-in-timmins.html