The Future Is Golden at Grey Fox

Core Insights - McEwen Mining Inc. has reported significant drilling results from the Grey Fox Project, indicating a promising increase in gold resources and the discovery of a new exploration corridor at depth [2][3][7] Resource Update - The current resource at Grey Fox consists of 1,538,000 gold ounces at an average grade of 3.64 g/t Indicated and 458,000 gold ounces at 3.30 g/t Inferred [3][11] - The Gibson Zone accounts for approximately 18% of the Indicated resource and 50% of the Inferred resource [11] Drilling Results - Notable drill results include hole 25GF-1539, which returned 12.4 g/t gold over 10.7 m, including a high-grade interval of 27.9 g/t gold over 4.5 m [7][24] - Hole 25GF-1548 returned 4.0 g/t gold over 30.1 m, indicating a potential thickening of mineralization [7][27] - New mineralization has been identified at the Grey Fox South Zone, with drillhole 25GF-1537 returning 6.2 g/t gold over 7.8 m and 4.4 g/t gold over 16.0 m [7][36] Exploration and Future Potential - Ongoing drilling is focused on expanding the known resource and identifying new discoveries below the current endowment [3][12] - The exploration efforts are supported by geophysical surveys aimed at enhancing the understanding of potential new mineralization [12][15] - The results from the drilling campaign may indicate the presence of Black Fox style mineralization below Grey Fox, which could lead to additional resource development [40] Management Commentary - CEO Rob McEwen expressed confidence that Grey Fox will become a cornerstone asset for the company in the future [43] - The company has received the Closure Plan Permit for the Stock Project, with production anticipated to begin in 2026 [44]