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][41]. Resource Update - The current resource at Grey Fox consists of 1,538,000 gold ounces at 3.64 g/t Indicated and 458,000 gold ounces at 3.30 g/t Inferred [3]. - The Gibson Zone accounts for approximately 18% of the Indicated resource with 290,000 ounces and 50% of the Inferred resource with 245,000 ounces [12]. Drilling Results - Notable drill results include: - Hole 25GF-1539: 12.4 g/t gold over 10.7 m, including 27.9 g/t gold over 4.5 m [8]. - Hole 25GF-1548: 4.0 g/t gold over 30.1 m, including 7.8 g/t gold over 11.5 m [8]. - Hole 25GF-1537: 6.2 g/t gold over 7.8 m CW and 4.4 g/t gold over 16.0 m CW [8][35]. Exploration Focus - The ongoing drilling campaign is primarily concentrated in the Gibson Zone, with a geophysical survey aimed at identifying new mineralization and structural trends [13]. - New mineralization has been identified 250 meters below the current resource at the Grey Fox South Zone, indicating potential for further resource expansion [8][37]. Future Development - The company anticipates production to begin at the Stock Project in 2026, which currently hosts an Indicated resource of 281,000 oz of gold and an Inferred resource of 182,000 oz of gold [42].