McEwen Inc. Expands Gold Potential at Tartan Mine With Significant High-Grade Drill Results
Toronto, Tuesday, 13 January 2026.
Drilling at the newly acquired Tartan Mine yielded 7.5 grams per tonne gold over 18.9 meters, confirming resource expansion potential for McEwen’s 2030 production targets.
Immediate Validation of Strategic Acquisition
McEwen Inc. (NYSE/TSX: MUX) has moved swiftly to demonstrate the value of its latest asset, releasing significant drill results on January 13, 2026, just eight days after finalizing the acquisition of the Tartan Mine Project from Canadian Gold Corp. [1][3]. The company reported a headline intercept of 7.5 grams per tonne (gpt) gold over 18.9 meters at the Western Flank, a result that underscores the geological potential of the site located near Flin Flon, Manitoba [1]. This data serves as an early confirmation of the asset’s quality, building directly upon previous exploration success reported in late 2025, specifically a November 27 intercept that returned 12.3 gpt gold over 14.0 meters [2][3].
Unlocking the Western Flank’s Potential
The technical analysis of the drilling campaign reveals a significant expansion of the mineralized footprint. The new results have effectively extended the strike length of the Main Zone from 100 meters near the surface to 150 meters at depth, indicating that the system is widening as it descends [1]. Geologically, the mineralization along the Western Flank has been expanded by approximately 30 meters to the west and covers a vertical distance of 80 meters, ranging from 520 to 600 meters below the surface [2]. Within the headline 18.9-meter interval from hole TLMZ25-51W3, the assay data identified a high-grade core returning 30.4 gpt gold over 2.0 meters, suggesting the presence of rich ore shoots within the broader structure [2].
A Catalyst for 2030 Growth Targets
These exploration successes are integral to McEwen’s broader corporate strategy, which targets a doubling of production by 2030 [2]. The data from this drilling program will be incorporated into an updated Mineral Resource Estimate, which the company expects to release by the end of February 2026 [1][3]. To sustain this momentum, McEwen has budgeted $3 million for exploration at Tartan in 2026 [1]. Management has indicated that this budget could be increased if the strong results observed in the first quarter continue, signaling a flexible and aggressive approach to developing this newly acquired asset [2].