McEwen Mining: Grey Fox Exploration Update Extending the Production Pipeline; Good Grades Near Surface, Potential at Depth

Assay Highlights:

• 24GF-1426: 586.7 g/t Au over 0.5 m (18.86 oz/t Au over 1.6 ft)
• 24GF-1424: 14.3 g/t Au over 5.0 m (0.46 oz/t Au over 16.4 ft)
• 24GF-1397: 17.4 g/t Au over 4.2 m (0.56 oz/t Au over 13.8 ft)
• 22GF-1366: 8.8 g/t Au over 3.9 m (0.28 oz/t Au over 12.8 ft)
  

^{(See Figure 2. All assay values are true widths)}

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to provide new assay results from the Grey Fox deposit, part of our Fox Complex. The results in Table 1 demonstrate intriguing explorations targets at depth and attractive near surface gold grades with potential to be recovered utilizing lower cost open pit mining methods.

Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South (GFS). The current resource estimate for Grey Fox is 1,168,000 oz gold at a grade of 4.80 g/t Au Indicated and 236,000 oz gold at 4.35 g/t Au Inferred. An updated…