McEwen drills 44.2 m of 5.55 g/t Au at Windfall

Executive Summary

• McEwen Inc. reported significant drill results from the Gold Bar mine complex in Nevada, highlighting the transformation of the asset into a long-life operation.
• The best hole drilled by the company to date at the Windfall deposit returned 5.55 g/t gold over 44.2 meters, including high-grade oxide mineralization.
• The company is advancing three deposits (Windfall, Lookout Mountain, and Unity Ridge) toward production, with a goal to double production by 2030 and a planned $10-million exploration investment in 2026.

Key Details

• Windfall Drill Results (WF110): Intersected 5.55 g/t gold over 44.2 meters, including 48.38 g/t gold over 4.6 meters of oxide mineralization.
• Historical Context & Continuity:
  • Previous hole WF039: 2.43 g/t gold over 74.7 meters.
  • Previous hole WF037: 1.70 g/t gold over 64.0 meters.
  • Previous hole WF119: 1.14 g/t gold over 67.1 meters.
  • Deeper historical hole EUR-P-237 (approx. 40m below current results): 3.75 g/t gold over 42.7 meters, indicating mineralization is open to expansion at depth.
• Exploration Plans: Drilling is planned for March to target deeper extensions at Windfall.
• Resource Estimates: A mineral resource estimate for Lookout Mountain is expected to be published at the end of February. Initial mineral resource estimates for Windfall and Unity Ridge are also planned.
• 2026 Strategy:
  • Approximately $10-million planned for exploration at Gold Bar in 2026.
  • Development work (metallurgical studies, mining designs) will continue for Windfall, Lookout Mountain, and Unity Ridge to advance toward a production decision.
  • Unity Ridge is within the current plan of operations; Windfall is on private land, allowing for accelerated permitting.
• Strategic Goal: Convert exploration success into a long-life asset by integrating Windfall, Lookout Mountain, and Unity Ridge into production plans, leveraging existing infrastructure for oxide mineralization.

Notable Quotes

• "McEwen Inc. has released new drill results from the Gold Bar mine complex in the Eureka mining district of Nevada, which continue to highlight the mine's transformation into a potential long-life operation."
• "The company believes there is good potential to continue expanding the mineralization with additional investment."