McEwen Reports Exceptional Gold Intersection at Nevada's Gold Bar Mine Complex
TORONTO – McEwen Inc. (NYSE/TSX: MUX) has announced significant new drill results from its Gold Bar Mine Complex in Nevada's Eureka Mining District, marking a substantial step in the mine's transformation into a potential long-life operation. The company revealed its best hole drilled to date at the Windfall deposit, returning 5.55 grams per tonne (gpt) gold over 44.2 meters, including a high-grade section of 48.38 gpt gold over 4.6 meters of oxide mineralization.
Windfall Deposit Shows Strong Mineralization Continuity
Over the past six months, drilling at the northern end of the Windfall deposit has consistently returned favorable gold grades across extensive widths. The standout result from drill hole WF110 (5.55 gpt gold over 44.2 meters) follows other recently released holes along the same section that also intersected oxide mineralization:
- 2.43 gpt gold over 74.7 meters (drill hole WF039)
- 1.70 gpt gold over 64.0 meters (drill hole WF037)
- 1.14 gpt gold over 67.1 meters (drill hole WF119)
A deeper historical hole, located approximately 40 meters below these results, returned 3.75 gpt gold over 42.7 meters (drill hole EUR-P-237), indicating that the higher-grade mineralization remains open to expansion at depth. The company has scheduled drilling to target this deeper area in March, with management expressing confidence in the potential for continued mineralization expansion through additional investment.
Definition Drilling Confirms Excellent Mineral Continuity
As part of the company's upcoming Mineral Resource Estimates, definition drilling has continued at Windfall, with recent results indicating excellent continuity of near-surface oxide gold mineralization. This mineralization extends along segments of a 1.6-kilometer (approximately one mile) long north-south trending Windfall fault zone. The gold mineralization at Windfall remains open to further expansion in multiple directions, presenting additional exploration opportunities.
Recent Assay Results Highlight Mineral Potential
The company has released a selection of recent assay results from Windfall that demonstrate the deposit's mineral potential:
- WF062: 35.1 meters at 0.86 gpt gold, including 3.0 meters at 3.25 gpt gold
- WF071: 15.1 meters at 2.79 gpt gold, including 6.7 meters at 5.82 gpt gold
- WF075: 19.3 meters at 0.95 gpt gold
- WF076: 18.9 meters at 0.56 gpt gold
- WF078: 13.6 meters at 0.81 gpt gold and 38.9 meters at 0.57 gpt gold
- WF097: 18.3 meters at 0.62 gpt gold
- WF098: 86.9 meters at 0.55 gpt gold
- WF108: 53.3 meters at 0.49 gpt gold
Mineral Resource Estimates and Exploration Plans
McEwen is currently completing a Mineral Resource Estimate for Lookout Mountain, scheduled for publication at the end of February. This updated estimate is expected to meaningfully increase the total ounces at the Gold Bar Mine Complex. The company plans to invest approximately $10 million into exploration in 2026 at Gold Bar, with results from the drilling program to be used to update Mineral Resource Estimates.
Initial Mineral Resource Estimates for Windfall and Unity Ridge are also anticipated, which are expected to have an additional positive impact on the project's valuation. Windfall, Lookout Mountain, and Unity Ridge represent three key deposits at the Gold Bar Mine Complex that McEwen is advancing toward production as part of the company's strategic plan to double production by 2030.
The Gold Bar Mine Complex represents a significant component of McEwen's growth strategy, with these latest drill results reinforcing the potential for the operation to evolve into a substantial, long-life mining asset in Nevada's prolific gold mining region.
