Windfall Drilling at Gold Bar Mine Complex Intersects Significant Mineralization: 2.4 GPT Oxide Gold Over 74.7 Meters & 6.1 GPT High-Grade Gold Over 6.1 Meters

Core Viewpoint - McEwen Inc. reports positive results from its 2025 drilling program at Windfall, part of the Gold Bar Mine Complex, aimed at increasing gold resources, extending mine life, and lowering production costs [1][3][10]. Summary by Sections Drilling Program and Results - The Windfall drilling program is part of several initiatives to enhance the Gold Bar Mine Complex, with the average grade mined in the first half of 2025 being 0.76 gpt Au [3][10]. - New drilling results indicate significant near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone, with potential for further expansion [6][10]. - Drill hole WF039 reported 2.43 gpt gold over 74.7 meters, with other notable results including 4.57 gpt over 12.2 meters and 1.70 gpt over 64.0 meters from different drill holes [9][28]. Resource Estimates - The company anticipates that incorporating the 2024-2025 Windfall drill results will positively impact the resource size, which currently includes 423,000 ounces in the Measured and Indicated categories and 84,000 ounces in the Inferred category [8][10]. - The newly discovered gold mineralization extends beyond previous resource estimates, with promising grades and thicknesses that could be processed using heap leach recovery [10][31]. Future Plans - The company plans to continue resource-definition and expansion drilling in the Windfall area, test higher-grade zones, and publish an updated resource estimate [18]. - The Windfall area is situated on patented claims, which may expedite the permitting process for production [31]. Company Overview - McEwen Inc. operates in mineral-rich regions, including Nevada, Ontario, and Argentina, and is also considering reactivating a gold and silver mine in Mexico [12]. - The company holds a 46.4% interest in McEwen Copper, which is developing the Los Azules copper project in Argentina, valued at approximately US$456 million [13]. Leadership and Strategy - Chairman Rob McEwen has invested over US$200 million personally and aligns his interests with shareholders by taking a nominal salary, aiming to enhance profitability and share value [15].