McEwen Mining Reports Strong Gold Intercepts at Grey Fox Project, Supporting Resource Growth

McEwen Inc. has reported strong gold grades and widths from ongoing drilling at its Fox Complex's Grey Fox Project, with results supporting resource growth ahead of an updated estimate expected in October 2025. The drilling program yielded impressive results, including 10.1 grams per tonne gold over 5.8 meters and 10.4 grams per tonne gold over 5.6 meters from the Gibson Expansion Zone, while Grey Fox South returned 4.8 grams per tonne gold over 14.9 meters and 4.4 grams per tonne gold over 6.0 meters.

The updated 3D mineralization model is expected to increase Grey Fox's current resource of 1.54 million ounces indicated at 3.64 grams per tonne gold and 458,000 ounces inferred at 3.30 grams per tonne gold. With mineralization remaining open and geological similarities to large-scale deposits like Canadian Malartic, Grey Fox represents a critical component of McEwen's long-term growth strategy. The project's significance is further amplified by its position alongside development activities at the Stock Mine and Froome West, as well as ongoing exploration efforts in Nevada.

These results come at a time when gold mining companies are increasingly focused on high-grade deposits that can support sustainable operations. The consistent high-grade intercepts at Grey Fox suggest the potential for substantial resource expansion, which could significantly impact McEwen's overall production profile and market valuation. The company's approach to developing its projects across the Americas, including its producing mines in the USA, Canada, and Argentina, positions it to capitalize on the growing demand for precious metals.

McEwen's commitment to responsible mining is reflected in its development of the Los Azules copper project, which aims to become one of the world's first regenerative copper mines and achieve carbon neutrality by 2038. The latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX. The strong drilling results from Grey Fox underscore the project's potential to contribute meaningfully to McEwen's portfolio and reinforce the company's strategic focus on high-quality gold assets in mining-friendly jurisdictions.