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ramp system: A study is underway to evaluate the economics of mining these deposits and targets via a central underground ramp system.TORONTO, July 10, 2019 GLOBE NEWSWIRE -- McEwen Mining Inc, according to The Independent. MUX MUX is pleased to report positive exploration results from the 147NE Target see Table 1 which was initially discovered in 2018 see news releases dated Sept 6, 2018 and May 23, 2019 . The Grey Fox Area is located 5 km 3 miles south of the Black Fox Mine and is comprised of three deposits 147, Contact and South, and two targets 147NE and Gibson see Figure 1 . The deposits cumulatively host an estimated Indicated resource of 465,000 ounces of gold 2.2 million tonnes at an average grade of 6.64 g/t . The Company is conducting a scoping study to evaluate the economics of mining these three deposits and two target areas via a central underground ramp system. Robert McEwen reports Results from the 147NE Target further define new near surface mineralization, drilling highlights include 33.0 g/t gold over 3.14 m 1.06 opt gold over 10.3 ft 95.2 g/t gold over 0.82 m 3.06 opt gold over 2.7 ft 47.4 g/t gold over 1.08 m 1.52 opt gold over 3.5 ft 23.0 g/t gold over 1.80 m 0.74 opt gold over 5.9 ft 3.4 g/t gold over 36.78 m 0.11 opt gold over 120.7 ft Key observations The 147NE Target extends from surface to 250 m 820 ft and is potentially accessible via a ramp from surface;Mineralization widens significantly up to 36 m 118 ft in areas where structures intersect volcanic flows, with narrow higher grades encountered throughout the intersections;The 147NE Target is in close proximity to three other deposits in the Grey Fox Area. The known gold mineralization at the 147NE Target occurs within a zone of altered mafic volcanics with veining and brecciation. The upper mineralized interval returned 95.2 g/t gold over 0.82 m. Currently this zone measures approximately 250 m 820 ft in strike length, 200 m 660 ft in depth from surface, and has an average thickness of approximately 10 m 33 ft . Hole 19GF-1123 intersected an upper and a lower mineralized interval. (news.financializer.com). As reported in the news.