McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in gold resources at its Grey Fox Deposit, part of the Fox Complex, following its 2024 exploration efforts. The company has allocated a $9.7 million budget for its 2025 program, including 68,500 meters of diamond drilling. Recent drilling at the Gibson Zone returned 17.7 g/t gold over 8.0 meters, with early 2025 results showing 12.9 g/t gold over 4.3 meters and 15.3 g/t gold over 2.7 meters. An updated resource estimate places Grey Fox’s Indicated resources at 1.54 million ounces of gold at 3.64 g/t and Inferred resources at 458,000 ounces at 3.30 g/t. McEwen is also targeting new discoveries at the Black Fox Horizon and expects its expanding resource base to benefit from strong gold market fundamentals.
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About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.
NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX
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