Those of you who have read and studied the Carlin Prospects in Nevada ann will have noticed the Afgan deposit proximal to our South Roberts Project (approx 4 km N). This from google
TORONTO, Feb. 24, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that it has completed the purchase of the Afgan-Kobeh property in Nevada for $450,000 in cash. Afgan-Kobeh is an attractive acquisition for McEwen Mining because it hosts a near surface, oxide gold resource in close proximity to our Gold Bar Complex which is expected to begin development in 2017. The objective is to develop the property into a satellite resource that can contribute to the production from Gold Bar. The property has immediate exploration potential with several historical higher-grade drill intersections open laterally and at depth. McEwen Mining plans to conduct a drill program beginning in May 2016 with the objective to increase the known mineralization.
$450,000 is for 120,000 oz resource at 0.6 g/t - would be nice to pick one of those up early, and an elephant later.
S2R Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
