McEwen Mining Reports High-Grade Gold Results at Grey Fox Deposit, Indicating Expansion Potential

Geological studies conducted at Grey Fox have revealed intriguing similarities to Japan’s high-grade Hishikari Gold Mine, suggesting the potential for stacked epithermal veins alongside orogenic gold zones. This comparison to one of the world’s richest gold mines indicates the possibility of substantial untapped resources at Grey Fox.

Current modeling of the Grey Fox deposit has identified over 50 mineralized lenses, with 90% of the deposit’s 1.4-million-ounce gold resource located within 300 meters of the surface. This shallow depth of mineralization could potentially lead to more cost-effective mining operations and easier access to the gold-bearing zones.

The ongoing exploration program at Grey Fox aims to expand production capabilities and uncover deeper mineralization. McEwen Mining’s focus on this deposit aligns with its broader strategy to improve the productivity and life of its assets, ultimately targeting an increase in share price and providing value to investors.

The company’s exploration efforts are not limited to Grey Fox alone. As part of its comprehensive approach to resource development, McEwen Mining plans to release an updated resource estimate for the entire Fox Complex in the first quarter of 2025. This forthcoming update is anticipated to incorporate the latest findings from Grey Fox and potentially showcase an increase in the overall gold resource base for the company.

The significance of these exploration results extends beyond McEwen Mining’s immediate operations. In the context of the global gold mining industry, the discovery of high-grade deposits with expansion potential is crucial for maintaining and increasing gold production levels. As easily accessible gold reserves become scarcer, the identification of new, high-quality deposits like Grey Fox becomes increasingly important for meeting global demand for the precious metal.

Investors and industry observers will be closely watching McEwen Mining’s progress at Grey Fox and the broader Fox Complex. The potential for increased production and resource expansion could have positive implications for the company’s financial performance and market valuation. Additionally, success at Grey Fox could attract further investment into the region, potentially benefiting the local economy in Ontario.

As McEwen Mining continues its exploration and development activities at Grey Fox, the company remains committed to responsible mining practices and community engagement. The ongoing work at the Fox Complex represents a significant opportunity for McEwen Mining to strengthen its position in the gold mining sector and create long-term value for its stakeholders.

For more information about McEwen Mining and its operations, interested parties can visit www.McEwenMining.com. The company’s progress at Grey Fox and other projects can be followed through its regular updates and investor relations channels.