Arizona Eagle taps Hancon to engineer McCabe Mine reopening for underground drilling
Bitget2026/09/29 09:01- Arizona Eagle Mining engaged Hancon Mining under a pre-construction engineering agreement to advance reopening the McCabe Mine for underground drilling.
- Initial engineering phase capped at USD 391,344, including up to USD 326,120 in verified costs plus a 20% margin.
- Work targets access via the ventilation raise, with an indicative reopening budget of about USD 3.7 million, pending engineering results.
- Engineering work is expected to start around Oct. 14, 2026; underground drilling is targeted for Q3 2027 following an eight-month program.
- McCabe carries a historical estimate of about 880,000 ounces of gold at 11.7 g/t plus 5 million ounces of silver at 69 g/t.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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