McEwen Mining Reports Significant Gold Intercepts at Grey Fox Project

McEwen Mining has disclosed impressive drill results from its Grey Fox Project, part of the Fox Complex, revealing substantial gold intercepts that demonstrate promising potential for resource growth. The company reported multiple high-grade zones with standout drill results, including a notable intercept of 12.4 g/t gold over 10.7 meters and another significant finding of 4.0 g/t gold over 30.1 meters. These results are particularly important as they come from a project that forms part of McEwen Mining's broader portfolio across multiple jurisdictions including Nevada, Canada, Mexico, and Argentina.

Drilling efforts at Grey Fox South successfully extended mineralization 250 meters below the existing resource base, indicating substantial vertical exploration potential that could significantly impact future resource estimates. A separate intercept at the 147 Zone returned an exceptional grade of 48.5 g/t gold over 0.8 meters, further highlighting the project's geological promise and the presence of high-grade mineralization within the system. The discovery of a new exploration corridor and encouraging results near the Whiskey Jack Zone suggest ongoing opportunities for resource expansion beyond current known boundaries.

With gold grades ranging from 4.0 to 48.5 g/t across different zones, the Grey Fox Project demonstrates robust mineralization potential that supports McEwen Mining's strategic objectives of improving asset productivity and increasing shareholder value. The broad intercept of 4.0 g/t over 30.1 meters is particularly noteworthy, potentially indicating a substantial and continuous mineralized zone that could support future mining operations. These findings are significant for the company's overall exploration strategy and development timeline.

The company's commitment to resource exploration and development is evident in these latest drill results, which could significantly impact future production planning and resource estimates across their operations. The results from the Grey Fox Project contribute to McEwen Mining's broader portfolio development and demonstrate the ongoing potential within their established mining assets. The successful extension of mineralization and identification of new exploration targets reinforces the project's importance within the company's growth strategy and long-term value creation objectives.