McEwen Mining Inc. announced on May 7, 2025, an update on its Grey Fox Project, part of the Fox Complex, reporting new drill results that continue to build on its resource size. Highlights from the Gibson Zone include 12.4 g/t gold over 10.7 meters and 4.0 g/t gold over an impressive 30.1 meters, with drilling identifying a new exploration corridor at depth.
The company also reported high-grade intercepts from other zones, such as 48.5 g/t gold over 0.8 meters from the 147 zone and 8.6 g/t gold over 8.7 meters from the Grey Fox South (GFS) zone. These results reinforce the potential for continued resource growth at Grey Fox, which currently holds 1,538,000 gold ounces indicated and 458,000 gold ounces inferred.
In a significant operational development, McEwen Mining confirmed the final Closure Plan Permit for the Stock Project has been received. This permit enables the company to move forward with development and planned mining operations at Stock, with production anticipated to begin in 2026. The Stock Project currently hosts an indicated resource of 281,000 ounces of gold and an inferred resource of 182,000 ounces of gold.
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