McEwen Mining provides assay results from Grey Fox deposit

McEwen Mining provided new assay results from its Grey Fox deposit, part of the Fox Complex located in the Timmins region of Ontario, Canada. These results demonstrate that the Gibson area of Grey Fox has good grading mineralization over mineable widths in close proximity to existing underground infrastructure. Grey Fox is currently a +1 Million ounce gold deposit and is the next project in our growth pipeline after the current development of our Stock Project. In addition, geological interpretations have created an exciting new exploration target, one that suggests that high grade Black Fox horizon style mineralization may exist below and adjacent to the Grey Fox deposit and could extend 3 km along trend towards the Black Fox Mine. The current Grey Fox gold resource is estimated to contain more than 1.1 million ozs of indicated mineralization and greater than 0.2 million ozs of inferred mineralization. An earlier geophysical survey that previously identified multiple targets, including one that became the Froome mine, is the main focus for two key areas planned for drilling in 2025. The first area is the Grey Fox exploration horizon located to the North-West of the current Grey Fox resource which contains the Gibson, Whiskey Jack, 147 and the GFS zones. The second area is what our geologists believe could be the Black Fox horizon located stratigraphically below the Grey Fox horizon. A follow-up geophysical survey will be conducted in Q4, with the goal of delineating additional anomalies between the Grey Fox resource and the Black Fox Mine. Assay Highlights: 24GF-1471: 4.9 g/t Au over 6.4 m; 24GF-1474: 13.8 g/t Au over 2.4 m; 24GF-1452: 9.8 g/t Au over 2.8 m.