07:24 AM EDT, 09/11/2024 (MT Newswires) -- McEwen Mining ( MUX ) reported Wednesday assay results from its Grey Fox deposit within the Fox complex in Ontario, with highlights including 4.9 grams per tonne (g/t) gold over 6.4 meters, 13.8 g/t gold over 2.4 meters and 9.8 g/t gold over 2.8 meters.

McEwen's share price fell 3.5% at last look to US$8.11 on NYSE pre-market trade after the news.

The company said the results demonstrate that the Gibson area of Grey Fox has good grading mineralization over mineable widths near existing underground infrastructure.

McEwen noted that Grey Fox is currently a +1 million ounce gold deposit and is the next project in its growth pipeline after the Stock project.