McEwen Mining Buys Attractive Exploration Target Near El Gallo Mine

http://globenewswire.com/news-release/2016/05/02/835632/0/en/McEwen-Mining-Buys-Attractive-Exploration-Target-Near-El-Gallo-Mine.html

TORONTO, May 02, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce the purchase of mineral properties located approximately 6 miles (10 km) from the El Gallo Mine (the “Acquired Properties”) for $250,000 plus a 2% NSR royalty retained by the seller over the Acquired Properties.

“This is an attractive exploration target because of its proximity to the El Gallo Mine, and fits with our strategy of investing in opportunities that have the possibility to extend the life of our mine,” said Rob McEwen, Chairman and Chief Owner.

Leave a Reply