McEwen Mining(US:MUX) Globenewswireยท2025-09-02 10:00Core Insights - McEwen Inc. reports continued positive drilling results at the Grey Fox Project, indicating strong gold grades and widths, which support resource growth ahead of an updated estimate expected in October 2025 [1][4][8] Strategic Highlights - The drilling results from the Gibson Expansion Zone and Grey Fox South (GFS) show high-grade veins and broad mineralized zones, with notable grades such as 10.1 g/t over 5.8 m and 4.8 g/t over 14.9 m [3][8] - The updated 3D mineralization model for Grey Fox is anticipated to enhance the resource estimate, with mineralization remaining open and demonstrating strong continuity [4][8] Project Update - The current Grey Fox resource consists of 1,538,000 gold ounces at 3.64 g/t Au Indicated and 458,000 gold ounces at 3.30 g/t Au Inferred, with significant contributions from the Gibson and GFS zones [8][25][23] - Geological similarities with major regional deposits, such as Canadian Malartic, reinforce the growth potential of Grey Fox [4][46] Exploration Outlook - The company aims to increase annual gold output beyond 200,000 ounces and reduce production costs, positioning itself favorably to capitalize on high gold prices [6][8] - The exploration drilling campaigns for 2024 and 2025 are focused on expanding the resource base and upgrading the confidence of the gold resource from Inferred to Indicated [26][27] Upcoming Milestones - An updated resource estimate for Grey Fox is scheduled for release in October 2025, with a Pre-feasibility Study (PFS) anticipated in Q1 2026 [8][28]