McEwen Inc. has released promising drilling results from the Gold Bar Mine Complex located in the Eureka Mining District of Nevada. This news marks a significant step in the ongoing transformation of the mine into a long-term operational asset. Recent drilling at the Windfall deposit yielded the best results to date, with a notable intersection of 5.55 grams per tonne (gpt) gold over a length of 44.2 meters.
The results at Windfall are part of a broader effort by McEwen to advance three key deposits—Windfall, Lookout Mountain, and Unity Ridge—toward production. The company’s strategy includes plans to double its gold production by 2030.
Significant Drilling Results and Future Plans
In recent months, drilling at the northern end of the Windfall deposit has consistently returned strong gold grades over substantial widths. Drill hole WF110 achieved the highlighted result of 5.55 gpt gold over 44.2 meters, which includes an impressive 48.38 gpt gold over 4.6 meters of oxide mineralization. This follows prior drill results, including 2.43 gpt gold over 74.7 meters from drill hole WF039, 1.70 gpt over 64.0 meters from WF037, and 1.14 gpt over 67.1 meters from WF119.
A historical hole, located approximately 40 meters below these recent results, returned 3.75 gpt gold over 42.7 meters, indicating that higher-grade mineralization remains open for further exploration at depth. Drilling is scheduled to target this deeper area in March, as the company seeks to expand its mineralization through increased investment.
Ongoing Development and Resource Estimations
As part of its upcoming Mineral Resource Estimates, McEwen continues its definition drilling at Windfall. The latest results demonstrate excellent continuity of near-surface oxide gold mineralization along a 1.6-kilometer long north-south trending fault zone. The potential for further expansion of gold mineralization in various directions remains strong.
The company is finalizing a Mineral Resource Estimate for Lookout Mountain, which is expected to be published at the end of February. This updated estimate is anticipated to significantly increase the overall gold ounces at the Gold Bar Mine Complex. In 2026, McEwen plans to invest approximately $10 million into exploration at Gold Bar, using these results to update resource estimates for Windfall and Unity Ridge, which will likely have a positive impact on future projections.
The development roadmap for 2026 includes ongoing work at Windfall, Lookout Mountain, and Unity Ridge, focusing on metallurgical studies and mining designs to facilitate a production decision. Notably, Unity Ridge is part of the current Plan of Operations for mining activity at the Gold Bar Mine Complex, while Windfall is situated on private land. This positioning is expected to expedite the permitting process in both areas.
The company’s ambition is to transform exploration success into a long-lasting asset, integrating Windfall, Lookout Mountain, and Unity Ridge into its production framework. Given that much of the gold mineralization in these sites consists of oxide ore, McEwen aims to utilize existing Gold Bar infrastructure wherever feasible. The focus remains on maximizing return on capital and efficiently developing new gold resources.
For further details on the latest drill results at the Gold Bar Mine Complex, a comprehensive table is available on the company’s official website.
About McEwen Inc.
McEwen shares trade on the NYSE and TSX under the ticker MUX. The company provides investors with exposure to a growing portfolio of gold and silver production, along with a significant copper development project across the Americas. Key mining operations are located within mineral-rich regions, including the Cortez Trend in Nevada, the Timmins district in Ontario, Flin Flon in Manitoba, and the Deseado Massif in Argentina.
McEwen is also in the process of reactivating its El Gallo Mine in Mexico. Additionally, the company has a 46.4% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, Argentina. This project is designed to be one of the world’s first regenerative copper mines, targeting carbon neutrality by 2038.
The chairman and chief owner, Rob McEwen, has personally invested over $200 million in the company and takes an annual salary of just $1, aligning his interests closely with those of shareholders. His focus is on enhancing profitability, share value, and eventually implementing a dividend policy similar to that established during his tenure at Goldcorp Inc.
Technical information in this article has been prepared under the supervision of Robert Kastelic, Exploration Manager for McEwen in Nevada, and Luke Willis, Director of Resource Modelling for McEwen. Both are Qualified Persons as defined by SEC S-K 1300 and Canadian Securities Administrators National Instrument 43-101.
Readers should exercise caution with forward-looking statements contained in this release, as various uncertainties and risks could lead to actual results differing from anticipated outcomes. Detailed risk factors are available in McEwen Inc.’s Annual Report on Form 10-K.
The NYSE and TSX have not reviewed and do not accept responsibility for the accuracy of this news release, which has been prepared by McEwen management.
