McEwen Copper preparing for 53 000-m drill programme at Los Azules
McEwen Copper, a new 81%-owned division of McEwen Mining, is “rapidly” advancing work on the Los Azules project, which the company says is one of the world’s biggest undeveloped high-grade openpit copper projects.
Having recently closed the first $40-million tranche of private placement financing, McEwen Copper is preparing for a large 53 000-m drilling programme targeting the upgrading of the Argentinian project’s inferred mineral resources to the indicated category.
The first two drill rigs will arrive in early November, ramping up to the full complement of ten drills by January, the company says.
Access to the project is currently being established on the existing exploration road and construction of a new all-season, lower altitude access road is under way, with completion expected in the second half of 2022.
McEwen Copper has also assembled an experienced group of professionals and consultants to guide the Los Azules project towards the prefeasibility study stage, including study director Dave Tyler, project and construction manager Gary Cochran and business improvement and operational readiness manager Bill Thomas.
Los Azules has an indicated resource of 10.2-billion pounds of copper at 0.48% and an inferred resource of 19.2-billion pounds at 0.33%.
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