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FAQ: McEwen Inc.'s Windfall Drill Results and Corporate Strategy
TL;DR
McEwen's record-breaking drill results at Windfall deposit position the company to potentially double gold production by 2030, offering investors a competitive edge in mining growth.
McEwen's drilling at Gold Bar Mine Complex revealed 5.55 g/t gold over 44.2 meters, with planned March drilling to test deeper extensions of mineralization.
McEwen's Los Azules copper project aims to be carbon neutral by 2038, advancing sustainable mining practices for environmental stewardship.
Chairman Rob McEwen invests over $200 million personally while taking a $1 annual salary, aligning his interests directly with shareholders.
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McEwen Inc. announced new drill results from its Gold Bar Mine Complex in Nevada, highlighted by the best drill hole to date at the Windfall deposit, which returned 5.55 grams per tonne gold over 44.2 meters, including a high-grade section of 48.38 grams per ton gold over 4.6 meters of oxide mineralization.
The Windfall deposit is part of the Gold Bar Mine Complex, which is located in the Eureka Mining District in Nevada, USA.
The results demonstrate strong grade continuity over long intervals and indicate that higher-grade mineralization remains open at depth, supporting the advancement of Windfall, Lookout Mountain, and Unity Ridge toward production and McEwen's strategy to double gold production by 2030.
McEwen provides exposure to gold and silver production in Nevada (USA), Ontario (Canada), and Santa Cruz province (Argentina), is considering reactivating a mine in Mexico, and has a 46.4% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, Argentina.
The Los Azules copper project in Argentina is a large, long-life, advanced-stage development project designed to be one of the world's first regenerative copper mines and carbon neutral by 2038, with McEwen's ownership interest valued at US$456 million according to the last financing.
Rob McEwen is the Chairman and Chief Owner of McEwen Inc., who has personally invested over US$200 million, takes a $1 annual salary to align with shareholders, and aims to build the company's profitability, share value, and eventually implement a dividend policy.
Deeper drilling to test extensions of the higher-grade mineralization is planned for March.
The full press release is available at https://ibn.fm/93kZ1, and the latest news and updates relating to MUX are available in the company's newsroom at https://ibn.fm/MUX.
McEwen shares trade on both the NYSE and TSX under the ticker symbol MUX.
Curated from InvestorBrandNetwork (IBN)
