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MiningNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shares Update in Latest Assay Report

McEwen Mining (NYSE: MUX) (TSX: MUX)a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting new assay results on its Fox Complex, which is located near Timmins, Ontario. Key findings indicate two principal plunge directions (or vectors) controlling mineralization with both appearing to originate at the Ramp Portal Zone. According to the announcement, the results from 21 diamond drillholes are reported for three key target areas at McEwen’s Stock West Project: Ramp Portal Zone, Shallow Plunge and Steep Plunge. Additionally, findings show two intriguing results that suggest other directions for the Stock resource to grow. In the Ramp Portal Zone, ongoing drilling continues to encounter good grades and widths at shallow depths, in proximity to the surface entrance portal of the ramp that will be driven to access the Stock West deposit; the company is planning to start development of the ramp in December.

“The significance of this mineralization is the prospect of very early mining and cash flow, making the development of the Stock ramp partially self-funding,” the company stated. At the Shallow Plunge Zone, drilling shows good-grade mineralization that continues to the Southwest beyond the current Stock West resource. “These results together with the good grades found near the Ramp Portal Zone suggest there is potential to not only expand the Stock West resource base but also shorten the payback period and extend the mine life that was outlined in the January 2022 Preliminary Economic Assessment for the Fox Complex,” the report noted. “The Steep Plunge Zone represents the longer-term potential for the Stock West Project due to its depth. . . . The observed widths continue to impress and suggest that the mineralization continues deeper.”

To view the full press release, visit https://ibn.fm/Ccq8z

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 52% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million; his annual salary is $1. To learn more about the company, visit www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

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Los Angeles, CA
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