McEwen Mining Files Los Azules Preliminary Economic Assessment
October 17 2017 - 1:27PM
McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports
that it has filed the updated Preliminary Economic Assessment
prepared in accordance with National Instrument 43-101 (“NI
43-101”) on the Los Azules Project (the “PEA“). The PEA supports
the disclosure made in the news release on September 7, 2017
entitled “Copper Shines Brightly for McEwen Mining – Enhanced
Economics of Los Azules.”
The PEA dated September 1, 2017 is entitled “NI
43-101 Technical Report – Preliminary Economic Assessment Update
for the Los Azules Project, Argentina,” and was prepared by
independent “Qualified Persons” (as that term is defined in NI
43-101) at Hatch Ltd.
The PEA is available for review on our website
(www.mcewenmining.com/operations/los-azules-exploration) and SEDAR
(www.sedar.com).
Technical information contained in this news release has been
prepared under the supervision of Mr. Donald Brown C. P. Eng., who
is an officer of the Company, and a "Qualified Person" within the
meaning of NI 43-101.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTSThis news release contains certain
forward-looking statements and information, including
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements and information expressed, as at the date of this news
release, McEwen Mining Inc.'s (the "Company") estimates,
forecasts, projections, expectations or beliefs as to future events
and results. Forward-looking statements and information are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties,
risks and contingencies, and there can be no assurance that such
statements and information will prove to be accurate. Therefore,
actual results and future events could differ materially from those
anticipated in such statements and information. Risks and
uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements and information include, but are not
limited to, factors associated with fluctuations in the market
price of precious metals, mining industry risks, political,
economic, social and security risks associated with foreign
operations, the ability of the corporation to receive or receive in
a timely manner permits or other approvals required in connection
with operations, risks related to fluctuations in mine production
rates, risks associated with the construction of mining operations
and commencement of production and the projected costs thereof,
risks related to litigation, the state of the capital markets,
environmental risks and hazards, uncertainty as to calculation of
mineral resources and reserves, and other risks. The Company’s
dividend policy will be reviewed periodically by the Board of
Directors and is subject to change based on certain factors such as
the capital needs of the Company and its future operating results.
Readers should not place undue reliance on forward-looking
statements or information included herein, which speak only as of
the date hereof. The Company undertakes no obligation to reissue or
update forward-looking statements or information as a result of new
information or events after the date hereof except as may be
required by law. See McEwen Mining's Annual Report on Form
10-K for the fiscal year ended December 31, 2016 and
other filings with the Securities and Exchange Commission,
under the caption "Risk Factors", for additional information on
risks, uncertainties and other factors relating to the
forward-looking statements and information regarding the Company.
All forward-looking statements and information made in this news
release are qualified by this cautionary statement.
CAUTIONARY NOTE REGARDING RESOURCE
ESTIMATESThe mineral resource estimate for Los Azules was
calculated in accordance with the Canadian National Instrument
43-101 and the Canadian Institute of Mining and Metallurgy
Classification system. These standards differ significantly from
the requirements of the U.S. Securities and Exchange Commission for
descriptions of mineral properties in SEC Industry Guide 7 under
Regulation S-K of the U. S. Securities Act of 1933. In particular,
under Guide 7 standards, mineral resources may not be classified as
a “reserve” unless the determination has been made that
mineralization could be economically and legally produced or
extracted at the time the reserve determination is made.
The NYSE and TSX have not reviewed and do not accept
responsibility for the adequacy or accuracy of the contents of this
news release, which has been prepared by management of McEwen
Mining Inc.
CONTACT INFORMATION: |
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Mihaela
IancuInvestor Relations(647) 258-0395 ext
320info@mcewenmining.com
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Facebookfacebook.com/mcewenrob
Websitewww.mcewenmining.com
Twittertwitter.com/mcewenmining |
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150 King Street WestSuite
2800,P.O. Box 24Toronto, Ontario, CanadaM5H 1J9(866) 441-0690 |
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