Operator

McEwen Mining Inc.

Terms

8.0% Stream

Acquisition Date

2010 / Nov / 09

The Black Fox Mine is located outside of Matheson, Ontario in the Timmins Gold District. Black Fox began operating as an open pit mine and transitioned to underground operations in 2011. Underground ore is extracted using a combination of long hole stoping, cut and fill, and narrow vein mining methods. Ore is accessed from a series of declines branching off from the main ramp to surface. The underground mine at Black Fox begins at the bottom of the open pit approximately 200 metres below surface and is expected to extend to more than 800 metres in depth.

Ore mined at Black Fox is transported to the Black Fox mill, located 28 km away, and is fed into a 2,400 tpd grinding circuit which includes two stages of closed circuit ball milling. Soluble gold is recovered by adsorption upon activated carbon using carbon-in-column, carbon-in-leach, and carbon-in-pulp processes yielding recoveries of 90% to 95% on average.

As of Dec. 31, 2016, the Proven and Probable Mineral Reserve at Black Fox was 111 kozs of gold contained in 0.8Mt at a grade of 4.2 g/t (3.5 g/t cut-off) and the Measured and Indicated Resource was 554 kozs contained in 2.9 Mt at 6.0 g/t gold (3.4 g/t cut-off inclusive of Reserves).

Recent Activities

January 2018
A $10 million property-wide, 100,000 metre drill program is underway at Black Fox. The main objectives are to test for extensions of existing resources, follow-up on significant drill results and investigate new exploration targets.

October 2017
McEwen announced the closing of the purchase of the Black Fox complex from Primero Mining.

Black Fox

 

Black Fox Royalty Map
Black Fox Royalty Map