McEwen Mining has disclosed impressive drill results from its Grey Fox Project, part of the Fox Complex, revealing substantial gold intercepts that demonstrate promising potential for resource growth. The company reported multiple high-grade zones with standout drill results, including a notable intercept of 12.4 g/t gold over 10.7 meters and another significant finding of 4.0 g/t gold over 30.1 meters. These results from the Grey Fox Project represent important developments in the company's exploration portfolio and could significantly impact future resource calculations.
Drilling efforts at Grey Fox South successfully extended mineralization 250 meters below the existing resource base, indicating substantial vertical exploration potential. A separate intercept at the 147 Zone returned an exceptional grade of 48.5 g/t gold over 0.8 meters, further highlighting the project's geological promise. The discovery of a new exploration corridor and encouraging results near the Whiskey Jack Zone suggest ongoing opportunities for resource expansion. These findings are significant for McEwen Mining's strategic objectives of improving asset productivity and increasing shareholder value.
With gold grades ranging from 4.0 to 48.5 g/t across different zones, the Grey Fox Project demonstrates robust mineralization potential. The broad intercept of 4.0 g/t over 30.1 meters is particularly noteworthy, potentially indicating a substantial and continuous mineralized zone. McEwen Mining continues to focus on developing its mining assets across multiple regions, including operations in Nevada, Canada, Mexico, and Argentina. The company's commitment to resource exploration and development is evident in these latest drill results, which could significantly impact future production and resource estimates. The Grey Fox Project results contribute to the broader understanding of the Fox Complex's mineral potential and support ongoing evaluation of the property's economic viability.
