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] Drill Results - Recent drill results include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization along the Western Flank [1][2] - Previous notable results from late 2025 include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres [2] - Additional drill results along the Western Flank returned 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres, expanding mineralization approximately 30 metres further to the west [3] Exploration and Investment - The company is budgeting $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] - Exploration targets include the Eastern Flank of the Main Zone, depth within the Main Zone, the South Zone, and regionally along the Tartan Lake Shear Zone [4] - Since drilling resumed in 2023, 35 of the 39 drill holes (approximately 90%) have intersected potentially economic mineralization at the Main Zone [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, began production in 1987 and produced approximately 47,000 ounces of gold before shutting down [5] - The last NI 43-101 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 rare high-grade gold project in Canada with limited exploration from 1989 to 2023, and recent results are expected to drive growth [6] - The updated Mineral Resource Estimate and advancements in engineering and permitting are crucial for moving towards a production decision [6] - The company aims to leverage existing mine infrastructure and high-grade gold to keep capital costs low and develop the mine in phases [6]