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.

Drilling efforts at Grey Fox South successfully extended mineralization 250 meters below the existing resource base, indicating substantial vertical exploration potential. This depth extension represents a significant development for the project's long-term viability and resource estimation. 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. These findings are significant for McEwen Mining's strategic objectives of improving asset productivity and increasing shareholder value. The company maintains operations across multiple regions including Nevada, Canada, Mexico, and Argentina, with the Grey Fox Project representing an important component of their North American assets.

With gold grades ranging from 4.0 to 48.5 g/t across different zones, the Grey Fox Project demonstrates robust mineralization potential. 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. McEwen Mining continues to focus on developing its mining assets, with these latest drill results potentially significantly impacting future production and resource estimates. The company's commitment to resource exploration and development is evident in these results, which could enhance the economic viability of the Fox Complex.