Step-Out Drilling At McEwen’s Newly Acquired Tartan Mine Project Returns Meaningful Results Along Western Flank: 7.5 gpt Gold Over 18.9 Metres

Core Insights - McEwen Inc. has announced final drill results for the Tartan Mine Project, which will be included in an upcoming Mineral Resource Estimate, expected by the end of February 2026, as the company aims to double production by 2030 [1][6] Exploration Results - Recent drill results from the Western Flank of the Tartan Mine Project include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization beyond previous results [1][2] - Notable previous intercepts include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres, indicating strong potential for further resource expansion [2][3] - The ongoing drilling aims to increase the number of ounces per vertical metre, which could enhance annual gold production and reduce costs [3] Resource Expansion - The strike length of the Main Zone has expanded from 100 metres near surface to approximately 150 metres at depth, with additional drill results showing 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres [3][4] - The company has budgeted $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, has a history of production starting in 1987, yielding approximately 47,000 ounces of gold before shutting down due to market conditions [5] - The last resource estimate in 2017 indicated 240,000 ounces of indicated resources at 6.32 gpt gold and 37,000 ounces of inferred resources at 4.89 gpt gold [5] Strategic Importance - Tartan is viewed as a high-grade gold project with significant growth potential, contributing to the company's goal of doubling production by 2030 [6] - The company aims to leverage existing mine infrastructure to keep capital costs low and develop the mine in phases [6]