McEwen Mining Discovers High-Grade Gold Zone Near Froome Mine

McEwen Mining Inc. has announced the discovery of high-grade gold mineralization approximately 200 meters west of its Froome Mine at the Fox Complex, revealing intercepts of 36.0 g/t gold over 10.0 meters and 160.0 g/t over 2.2 meters. This new zone, named Froome West, features stacked, sub-vertical lenses with a steep high-grade plunge that remains open for further exploration at depth and along strike. The company is currently developing mining infrastructure to extend westward, aiming to support both near-term expansion and long-term exploration efforts. This strategic development enhances the flexibility of the Fox Complex mine plan while presenting potential comparable to the historic Black Fox Mine.

The discovery at Froome West marks a significant step forward in McEwen Mining's operational strategy, potentially transforming the economic outlook of the Fox Complex. The high-grade intercepts suggest substantial mineralization that could significantly extend the mine life and increase production capacity. For additional information about this important discovery, visit https://ibn.fm/cv9CF. The company's infrastructure development plans indicate a commitment to rapidly advancing this new zone toward production, leveraging existing operational capabilities at the Fox Complex.

This discovery is particularly important because it demonstrates the continued exploration potential within established mining districts and highlights the value of systematic exploration near existing operations. The Froome West zone's geological characteristics, including its stacked lenses and steep plunge, suggest it could represent a substantial mineralized system. The fact that the zone remains open in multiple directions provides significant upside potential for additional resource expansion through continued drilling and exploration activities.

The timing of this discovery comes as the mining industry faces increasing pressure to discover new high-grade deposits to replace depleting resources. McEwen Mining's success in identifying significant mineralization near existing infrastructure reduces development risks and capital requirements compared to greenfield discoveries. This approach represents an efficient strategy for resource growth that could serve as a model for other mining companies operating in mature districts.