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TORONTO, Feb 12, 2020 (GLOBE NEWSWIRE via COMTEX) — South Zone:13.6 g/t Gold (Au) over 12.2 m29.1 g/t Au over 4.1 m4.9 g/t Au over 18.2 m147NE Zone:159.3 g/t Au over 1.6 m14.1 g/t Au over 4.5 m



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TORONTO, Feb. 12, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. MUX, 4.96% (MUX) is admiring to address new high-grade assignment after-effects from Grey Fox, which is allotment of the Black Fox Complex, amid in the abounding Timmins gold district, Canada (see Figure 1).



“Our analysis at Grey Fox has focused on conduct mineralized cantankerous structures that were not ahead able-bodied accepted or assignment tested. We acquire been acknowledged in anecdotic added of these structures and we acquire that they represent a acceptable befalling to access the accepted gold adeptness of 567 Koz at 7.1 g/t Au. A new adeptness amend for Grey Fox will be appear afterwards this month,” said Sylvain Guerard, SVP Exploration.



The Grey Fox Breadth is comprised of four deposits: 147, 147NE, Contact and South, and two neighbouring targets; Whiskey Jack and Gibson (see Figure 2).

Drill after-effects in this account absolution highlight the advance abeyant associated with northwest dipping mineralized structures. During 2019, targeting these structures led to the analysis of the 147NE drop in the axial allotment of the Grey Fox area. Multiple new intersections such as the extensions of the 147 and South zones acerb advance the attendance of agnate important mineralized structures.

South area conduct targeted structures agnate to the 147NE zone. Cogent intersections were returned, such as 13.6 g/t Au over 12.2 m, 29.1 g/t Au over 4.1 m, and 4.9 g/t Au over 18.2 m.

Table 1 – Highlights of Assignment After-effects from the South Zone:

147NE area outcrops at apparent and extends forth a bang breadth of 1,000 anxiety (300 m) and to a abyss of 1,150 ft (350 m). New conduct highlights include: 12.4 g/t Au over 5.1 m, 13.0 g/t Au over 3.2 m, and 159.3 g/t Au over 1.6 m.

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Table 2 – Highlights of Assignment After-effects from the 147NE Zone:

147 area additionally outcrops at apparent authoritative it, and the 147NE zone, potentially acceptable for accessible pit mining. Assignment aperture assays from this ambition alternate attenuated high-grade intersections including: 120.5 g/t Au over 0.9 m (from aloof 7.9 m bottomward hole), 56.3 g/t Au over 0.9 m and 27.8 g/t Au over 1.7 m.

Table 3 – Highlights of Conduct After-effects from the 147 Zone:

MUX AT PDAC 2020 (Booth #2849)

McEwen Mining geological agents will be announcement a alternative of assignment amount from Grey Fox and Stock West at PDAC 2020 to be captivated on March 1 [st] to 4 [th] at the Metro Toronto Convention Centre – South Building, Investors Exchange, Booth 2849.

Complete appraisal after-effects from the latest conduct on the Grey Fox zones: http://mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Feb2020_Grey_Fox_composites_cog1_V3.xlsx

Figure 1 – Black Fox Property – Plan View: https://www.mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Figure_1_BF_Property.pdf

Figure 2 – Grey Fox Breadth Mineralization & Assignment Aperture Location – Plan View: https://www.mcewenmining.com/files/doc_news/archive/2020/20200200_greyfox/Figure_2_Grey_Fox_Area.pdf

For a comment of abstruse agreement and their definitions, amuse argue our mining glossary: https://www.mcewenmining.com/investor-relations/glossary/default.aspx

ABOUT MCEWEN MININGMcEwen Mining is a adapted gold and argent ambassador and charlatan with operating mines in Nevada, Canada, Mexico and Argentina. It additionally owns a ample chestnut drop in Argentina. McEwen’s ambition is to actualize a assisting gold and argent ambassador focused in the Americas.

McEwen has about 400 actor shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 20% of the shares.

QUALIFIED PERSON Abstruse advice pertaining to cartography and analysis absolute in this account absolution has been able beneath the administration of Ken Tylee, P.Geo. Mr. Tylee is a “qualified person” aural the acceptation of NI 43-101.

TECHNICAL INFORMATION Grams per tonne (g/t) adapted to Troy ounces per tonne (opt) at arrangement 31.1035 to 1.

All ambush widths are authentic widths unless contrarily specified.

Composite belief unless contrarily stated: Absolute brand 3 g/t Au, minimum breadth 2 m, and best afterwards breach decay 3 m. If brand x breadth > 6 the blended will be added.

All analysis assignment amount samples at the Black Fox Complex were submitted as 1/2 core. Analyses appear herein were performed by the absolute laboratories: ALS Laboratories, which is ISO 9001/IEC17025 certified, and AGAT Laboratories, which is ISO 9001/IEC17025 certified. McEwen’s affection ascendancy affairs includes analytical admittance of blanks, accepted advertence absolute and duplicates to ensure class accuracy.

To actuate the lengths of cogent mineralized intervals, the afterward blended belief was established: a minimum reportable breach breadth of 3 m was bent by establishing a absolute brand of 3g/t gold for underground (1 g/t gold for abreast surface). A afterwards best breadth of 3 m of centralized waste, including sub absolute brand material, is accustomed and congenital into the appear composites. Where an breach of beneath than 3 m is considered, if the brand x breadth adding is greater than 9 (3 for surface), it may be reported. There is no top acid or capping of assays.

For added capacity about the Black Fox Complex activity including the Gibson deposit, amuse see our NI 43-101 abstruse address blue-blooded “Technical Address for the Black Fox Complex, Canada” anachronous April 6 [th] , 2018 with an able date of October 31 [st] , 2017 accessible on SEDAR (www.sedar.com) beneath our issuer profile.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This account absolution contains assertive advanced statements and information, including “forward-looking statements” aural the acceptation of the Private Securities Action Reform Act of 1995. The advanced statements and advice expressed, as at the date of this account release, McEwen Mining Inc.’s (the “Company”) estimates, forecasts, projections, expectations or behavior as to approaching contest and results. Advanced statements and advice are necessarily based aloft a cardinal of estimates and assumptions that, while advised reasonable by management, are inherently accountable to cogent business, bread-and-butter and aggressive uncertainties, risks and contingencies, and there can be no affirmation that such statements and advice will prove to be accurate. Therefore, absolute after-effects and approaching contest could alter materially from those advancing in such statements and information. Risks and uncertainties that could account after-effects or approaching contest to alter materially from accepted expectations bidding or adumbrated by the advanced statements and advice include, but are not bound to, factors associated with fluctuations in the bazaar amount of adored metals, mining industry risks, political, economic, amusing and aegis risks associated with adopted operations, the adeptness of the association to acquire or acquire in a appropriate address permits or added approvals appropriate in affiliation with operations, risks associated with the architecture of mining operations and admission of assembly and the projected costs thereof, risks accompanying to litigation, the accompaniment of the basic markets, ecology risks and hazards, ambiguity as to adding of mineral assets and reserves, and added risks. Readers should not abode disproportionate assurance on advanced statements or advice included herein, which allege alone as of the date hereof. The Company undertakes no obligation to copy or amend advanced statements or advice as a aftereffect of new advice or contest afterwards the date hereof except as may be appropriate by law. See McEwen Mining’s Annual Address on Form 10-K for the budgetary year concluded December 31, 2018 and added filings with the Securities and Exchange Commission, beneath the explanation “Risk Factors”, for added advice on risks, uncertainties and added factors apropos to the advanced statements and advice apropos the Company. All advanced statements and advice fabricated in this account absolution are able by this cautionary statement.

The NYSE and TSX acquire not advised and do not acquire albatross for the capability or accurateness of the capacity of this account release, which has been able by administration of McEwen Mining Inc.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

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