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HighGold Mining Inc. has completed an agreement to acquire the remaining 50% interest in its Yukon mineral properties, raising its ownership to 100%. The acquisition includes four properties totaling 1023 claims and 21,000 hectares, with the King Tut property identified as a significant gold anomaly. The deal involves a cash payment of C$75,000 and the issuance of 200,000 shares. CEO Darwin Green expressed optimism about the potential for these assets, especially following recent discoveries in the Selwyn Basin.
HighGold Mining announced promising results from the Difficult Creek Prospect in Alaska, with drill hole DC22-043 revealing 11.9m at 21.68 g/t Au and including a high-grade subinterval of 3.9m at 54.2 g/t Au. The ongoing drilling program aims to explore the newly identified Ellis Zone, which has shown multi-ounce grade mineralization. The company has completed 3,017 meters in 25 holes so far in 2022 and continues to refine targets for future drilling while aiming for an overall completion of 10,000 to 11,000 meters this season.
HighGold Mining Inc. has filed an independent Technical Report for its Johnson Tract Gold Project in Alaska, complying with NI 43-101 standards. The report, effective July 12, 2022, indicates an Indicated Resource of 3.49 million tonnes grading 9.39 g/t gold equivalent, totaling 1,053,000 ounces AuEq, alongside an Inferred Resource of 0.71 million tonnes at 4.76 g/t AuEq, or 108,000 ounces AuEq. This highlights the project's substantial exploration potential and positions HighGold as a notable player in the North American gold market.
HighGold Mining Inc. (TSX-V: HIGH, OTCQX: HGGOF) has increased its land holdings in the Timmins region by 25%, expanding to 335 square kilometers. This acquisition includes 255 mining claims in a prime area which borders Newmont's Dome mine. CEO Darwin Green stated this move signifies HighGold's aim to dominate the Timmins gold camp with underexplored properties. Current exploration efforts focus on defining drill targets, with past drill results showing promising high-grade gold occurrences. The company is also implementing disciplined capital allocation strategies.
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) announced the progress of its US$9 million exploration program at the Johnson Tract project in Alaska. The project features the high-grade JT Deposit with 1.05 Moz indicated at 9.4 g/t AuEq. The company is currently drilling at the Difficult Creek prospect, with two rigs active since July. Initial results from 15 completed drill holes show promise, while an on-site sample prep lab aims to expedite assay results. The exploration program also includes drilling on the JT Deposit and other targets within the Johnson District.
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) reported a 40% increase in Indicated gold equivalent (AuEq) ounces at its Johnson Tract Deposit in Alaska. The updated mineral resource estimate shows 1,053,000 oz AuEq from 3.49 million tonnes at a grade of 9.39 g/t AuEq. The increased resource indicates high confidence, with 91% in the Indicated category and potential for low-cost underground mining. An ongoing exploration program aims to expand these resources, and a full NI 43-101 report will be released by August 2022.
HighGold Mining has announced positive metallurgical test results for its Johnson Tract project in Alaska, revealing recoveries of 97.2% gold, 92.3% zinc, and 84.5% copper from high-quality concentrates. The project features a 0.75 million oz gold equivalent indicated resource at 10.9 g/t AuEq. These results enhance the potential economics of the JT Project, aiding future studies. The US$9 million summer exploration program will include 13,000 meters of drilling and further evaluations of mineralization styles. Updated resource estimates are expected in Q2 2022.
HighGold Mining reports promising assay results from its 2022 Winter Drill Program at the Munro-Croesus project in Ontario, demonstrating significant gold mineralization in the newly discovered Argus Zone. Five drill holes were completed, revealing wide intervals of gold, with highlights including 52.3 meters at 0.48 g/t Au and 68.0 meters at 0.40 g/t Au in two separate holes. This early-stage discovery spans 300 meters and is open in all directions. The company aims to explore further along the regional Pipestone Fault, enhancing the project's potential for bulk-tonnage gold mining.
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) announces a US$9 million exploration program for the 2022 field season at the Johnson Tract polymetallic Gold Project in Alaska. The program includes a minimum of 13,000 meters of diamond drilling targeting high-grade deposits, with a focus on the JT Deposit and DC Prospect. An updated resource estimate is expected in Q2 2022, incorporating prior drilling results. HighGold is fully funded with C$19.5 million in working capital, aiming to expand its resource base and discover new deposits.
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) announced significant assay results from its 2022 Winter Drill Program at the Munro-Croesus project in Ontario, revealing near-surface bulk-tonnage gold mineralization at the newly discovered Argus Zone. Key intercepts include 136 meters at 0.54 g/t Au, with a high-grade sub-interval of 4.5 meters at 4.88 g/t Au. This discovery indicates potential for large-scale gold deposits in a region known for substantial gold resources. The company anticipates further results from additional drilling in the upcoming weeks.