McEwen Inc. Discovers High-Grade Gold Mineralization West of Froome Mine

McEwen Inc. has announced the discovery of high-grade gold mineralization approximately 200 meters west of its Froome Mine, located within the Fox Complex. The findings include standout intercepts of 36.0 g/t gold over 10.0 meters and 160.0 g/t over 2.2 meters, marking a significant development in the company's exploration efforts. This discovery represents a major advancement in understanding the mineral potential of the Fox Complex area and could substantially impact the company's future production capabilities.

The newly identified Froome West zone features stacked, sub-vertical lenses with a steep high-grade plunge, remaining open at depth and along strike, indicating substantial potential for further exploration and development. The geological characteristics suggest continuity of mineralization patterns observed in the broader Fox Complex, providing valuable insights for targeting additional resources. The structural controls on mineralization appear consistent with regional geological models, supporting the potential for discovering additional high-grade zones in the vicinity.

Development activities are currently underway to extend mining infrastructure westward, a move that supports both near-term expansion and long-term exploration objectives. This strategic infrastructure development will facilitate efficient access to the newly discovered mineralization while providing platforms for continued exploration drilling. The infrastructure expansion represents a calculated investment in the future productivity of the Fox Complex operations, with detailed planning available at https://ibn.fm/cv9CF.

This discovery not only enhances the flexibility of the Fox Complex mine plan but also holds potential comparable to the historic Black Fox Mine, suggesting a promising future for the site's productivity and longevity. The comparison to the Black Fox Mine, which has been a significant producer in the region, underscores the economic importance of this new discovery. The additional resources could potentially extend the mine life and increase annual production rates, contributing to the long-term sustainability of operations in the Timmins mining camp.

The high-grade nature of the intercepts, particularly the 160.0 g/t over 2.2 meters, indicates the presence of substantial gold concentrations that could significantly impact the overall resource inventory. These grades exceed typical mining thresholds and suggest the potential for high-margin production if developed economically. The continuity of mineralization between the Froome Mine and the new Froome West zone suggests a larger mineralized system than previously recognized, opening possibilities for further discoveries along strike and at depth.

The strategic importance of this discovery extends beyond immediate resource addition, as it demonstrates the ongoing exploration potential within the Fox Complex property package. Successful exploration in areas adjacent to existing mining operations typically offers lower development costs and faster production timelines compared to greenfield discoveries. This discovery reinforces the value of systematic exploration around established mining operations and highlights the potential for similar discoveries elsewhere within McEwen's property portfolio.