Investing

McEwen Copper reports positive drilling results in Argentina, attracting large investments from BHP and Lundin Mining.

by Market News Data

From GlobeNewswire: 2024-08-08 18:10:00

McEwen Copper Inc. announces drilling highlights, including 217 meters of 1.11% Cu at Los Azules in Argentina. President Milei introduces legislation to boost investments. BHP and Lundin Mining acquire two copper deposits for US$4.4 Billion. Infill drilling upgrades resource categories and validates geological model at Los Azules project.

President Milei’s new legislation in Argentina encourages large investments. BHP and Lundin Mining join forces for a US$4.4 Billion copper transaction in Argentina, acquiring two deposits. The Los Azules project sees infill drilling upgrades and resource drilling completion for the Feasibility Study.

At Los Azules, infill drilling highlights confirm high-grade copper zone. Over 70,000 meters drilled during 2023-24 season, with remarkable results including 217 meters of 1.11% Cu and 276 meters of 0.86% Cu. Geological model at Los Azules deposit reveals copper-rich zones extending beyond 1,000 meters depth.



Read more at GlobeNewswire: McEwen Copper Update, Excitement in Argentina: Milei Magic

You may also like