Hycroft Announces 2025-2026 Exploration Drill Program
Hycroft Mining (NASDAQ:HYMC) has announced its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada. The program will utilize two core drill rigs to complete approximately 14,500 meters of drilling, focusing on expanding high-grade opportunities at Brimstone and Vortex areas.
The program builds on successful 2023-2024 drilling campaigns that discovered two significant high-grade silver systems, yielding some of the best results in the company's 40-year history with silver grades exceeding 11,000 g/t Ag. The exploration will target areas east of Brimstone, including the Manganese target, with drilling scheduled to begin in August 2025.
The company highlighted its safety achievements, reporting a Total Reportable Injury Frequency Rate of 0.00 for over two and a half consecutive years. The Hycroft Mine, with less than 10% of its 64,000-acre land package explored, represents significant potential for future silver production.
Hycroft Mining (NASDAQ:HYMC) ha annunciato il Programma di Perforazione Esplorativa 2025-2026 presso la miniera di Hycroft in Nevada. Il programma prevede l'utilizzo di due trapani a carotaggio per completare circa 14.500 metri di perforazioni, con l'obiettivo di ampliare le opportunità ad alto tenore nelle aree di Brimstone e Vortex.
Il programma si basa sulle campagne di perforazione 2023-2024, che hanno scoperto due importanti sistemi di argento ad alto tenore, ottenendo alcuni dei migliori risultati nella storia quarantennale della società con concentrazioni di argento superiori a 11.000 g/t Ag. L'esplorazione si concentrerà su aree a est di Brimstone, incluso l'obiettivo Manganese, con l'inizio delle perforazioni previsto per agosto 2025.
La società ha evidenziato i suoi risultati in termini di sicurezza, riportando un tasso di frequenza totale di infortuni denunciabili pari a 0,00 per oltre due anni e mezzo consecutivi. La miniera di Hycroft, con meno del 10% del suo pacchetto territoriale di 64.000 acri esplorato, rappresenta un potenziale significativo per la futura produzione di argento.
Hycroft Mining (NASDAQ:HYMC) ha anunciado su Programa de Perforación Exploratoria 2025-2026 en la mina Hycroft en Nevada. El programa utilizará dos equipos de perforación de núcleo para completar aproximadamente 14,500 metros de perforación, enfocándose en expandir las oportunidades de alta ley en las áreas de Brimstone y Vortex.
El programa se basa en las exitosas campañas de perforación 2023-2024 que descubrieron dos importantes sistemas de plata de alta ley, con algunos de los mejores resultados en los 40 años de historia de la empresa, con leyes de plata que superan los 11,000 g/t Ag. La exploración se dirigirá a áreas al este de Brimstone, incluyendo el objetivo Manganeso, con perforaciones programadas para comenzar en agosto de 2025.
La compañía destacó sus logros en seguridad, reportando una Tasa Total de Lesiones Reportables de 0.00 durante más de dos años y medio consecutivos. La mina Hycroft, con menos del 10% de su paquete territorial de 64,000 acres explorado, representa un potencial significativo para la producción futura de plata.
Hycroft Mining (NASDAQ:HYMC)는 네바다에 위치한 하이크로프트 광산에서 2025-2026 탐사 시추 프로그램을 발표했습니다. 이 프로그램은 두 대의 핵심 시추 장비를 활용하여 약 14,500미터의 시추를 완료할 예정이며, 브림스톤과 보텍스 지역에서 고품위 자원 확대에 중점을 둡니다.
이번 프로그램은 2023-2024년 성공적인 시추 캠페인을 기반으로 하며, 두 개의 중요한 고품위 은 시스템을 발견하여 회사 40년 역사상 최고 수준의 결과를 기록했으며, 은 함량은 11,000 g/t Ag를 초과했습니다. 탐사는 브림스톤 동쪽 지역, 망간 목표 지대를 포함하여 2025년 8월에 시추를 시작할 예정입니다.
회사는 안전 성과를 강조하며, 보고 가능한 총 부상 빈도율이 0.00으로 2년 반 이상 연속 유지되었다고 보고했습니다. 하이크로프트 광산은 64,000에이커 토지 중 10% 미만만 탐사되어 향후 은 생산에 큰 잠재력을 지니고 있습니다.
Hycroft Mining (NASDAQ:HYMC) a annoncé son programme de forage exploratoire 2025-2026 à la mine Hycroft au Nevada. Le programme utilisera deux foreuses à carottes pour réaliser environ 14 500 mètres de forage, en se concentrant sur l'expansion des opportunités à haute teneur dans les zones de Brimstone et Vortex.
Ce programme s'appuie sur les campagnes de forage réussies de 2023-2024 qui ont permis de découvrir deux systèmes importants d'argent à haute teneur, avec certains des meilleurs résultats de l'histoire de l'entreprise, datant de 40 ans, affichant des teneurs en argent supérieures à 11 000 g/t Ag. L'exploration ciblera les zones à l'est de Brimstone, y compris la cible Manganèse, avec un début des forages prévu en août 2025.
L'entreprise a souligné ses performances en matière de sécurité, rapportant un taux de fréquence total des blessures déclarables de 0,00 pendant plus de deux ans et demi consécutifs. La mine Hycroft, avec moins de 10 % de son territoire de 64 000 acres exploré, représente un potentiel significatif pour la production future d'argent.
Hycroft Mining (NASDAQ:HYMC) hat sein Explorationsbohrprogramm 2025-2026 für die Hycroft-Mine in Nevada angekündigt. Das Programm wird zwei Kernbohrgeräte einsetzen, um etwa 14.500 Meter zu bohren, mit dem Fokus auf die Erweiterung von hochgradigen Möglichkeiten in den Bereichen Brimstone und Vortex.
Das Programm baut auf den erfolgreichen Bohrkampagnen 2023-2024 auf, bei denen zwei bedeutende hochgradige Silberlagerstätten entdeckt wurden, die einige der besten Ergebnisse in der 40-jährigen Unternehmensgeschichte mit Silbergehalten von über 11.000 g/t Ag erzielten. Die Exploration wird sich auf Gebiete östlich von Brimstone konzentrieren, einschließlich des Mangan-Ziels, wobei die Bohrungen im August 2025 beginnen sollen.
Das Unternehmen hob seine Sicherheitsleistungen hervor und meldete eine Gesamtmeldeverletzungsrate von 0,00 über mehr als zweieinhalb Jahre in Folge. Die Hycroft-Mine, bei der weniger als 10 % des 64.000 Acres großen Landpakets erkundet sind, bietet erhebliches Potenzial für die zukünftige Silberproduktion.
- Discovery of two high-grade silver systems at Brimstone and Vortex with exceptional grades exceeding 11,000 g/t Ag
- Outstanding safety record with 2.5+ years of zero reportable injuries
- Large unexplored potential with over 90% of 64,000-acre land package yet to be explored
- New understanding of structural controls and mineralization leading to identification of previously unknown targets
- Current operations limited to exploration with no active mining operations
- Lack of completed feasibility study for transition to sulfide ore processing
- Dependence on successful drill results to advance project development
Insights
Hycroft's drill program targeting high-grade silver discoveries could significantly expand resource value, building on previous record-breaking results.
Hycroft's announcement of a 14,500-meter exploration drill program represents a strategic advancement of their 2023-2024 drilling successes, which delivered some of the best holes in the company's 40-year history. The program will deploy two core drill rigs starting in August, focusing primarily on extending the recently discovered high-grade silver systems at Brimstone and Vortex, which showed exceptional grades exceeding 11,000 g/t silver in previous drilling.
What makes this particularly notable is the company's evolving geological understanding. The technical team has identified that Brimstone hosts an intermediate sulfidation system distinct from other mineralization at Hycroft, while Vortex's high-grade silver relates to pre-mineral low-angle structural preparation. This refined geological model appears to be unlocking previously overlooked potential across the property.
The scale of opportunity shouldn't be underestimated - Hycroft controls a massive 64,000-acre land package of which less than 10% has been explored. Their first-principles approach has led to new target identification, including areas east of Brimstone and the Manganese target.
The company's emphasis that silver represents "a substantial and previously underappreciated source of potential future revenue" suggests management believes these high-grade silver discoveries could substantially alter the project economics compared to historical evaluations that may have focused more heavily on gold. The ongoing drilling and engineering studies indicate Hycroft is advancing toward potentially transitioning the historically heap-leach operation into a milling operation capable of processing sulfide ore, which would represent a significant operational transformation.
Two Core Drill Rigs Arriving in August
The Exploration Program is designed to expand and advance the high-grade opportunities at Brimstone and Vortex while also supporting geophysics, geochemistry, and other step out exploration in newly identified target areas east of Brimstone, including the Manganese target. The 2025-2026 Exploration Drill Program aims to extend these systems along dip and along strike as both systems remain open in all directions and at depth. Crews are mobilized, and drilling is scheduled to commence in early August.
Drill Program Details
- The 2025-2026 Exploration Drill Program builds on the successes of the 2023 and 2024 Drill Programs which led to the discovery of the two high-grade silver systems at Brimstone and Vortex. That drill program delivered two of the best holes ever drilled in Hycroft's more than 40-plus year operating history. Drill results demonstrated significant high-grade silver mineralization grading several hundred grams/tonne silver including intervals in the several thousand grams/tonne silver (>11,000 g/t Ag). For detailed drill results and support data, visit www.hycroftmining.com.
- Following the 2024 Drill Program, the exploration team analyzed the results, conducted additional geophysics work, and further refined the mineralization and structural controls of the high-grade systems. This work became the foundation for selecting targets for the 2025-2026 Exploration Program.
Alex Davidson, Vice President, Exploration, stated: "Data from the 2023 and 2024 Drill Programs has provided multiple target horizons in both Brimstone and Vortex. The multiple overlapping mineralizing events at both Brimstone and Vortex bringing significant metal into these deposits, is what has shaped our 2025-2026 drill program. From the data we learned that the high-grade silver at Brimstone is the result of an intermediate sulfidation system which is uniquely different from the rest of the Hycroft mineralization. In Vortex, the high-grade silver is related to pre-mineral low-angle structural preparation. This new understanding of structure and intrusive trends defined by geochemical associations, geophysics and field mapping has been integrated into a new cohesive geologic model that is also being applied to our exploration efforts, not just in the Brimstone and Vortex area but east of Brimstone and throughout the rest of the Hycroft district. The targets for the 2025-2026 Exploration Drill Program have been developed through extensive review of our data within the new model."
Diane Garrett, President and CEO, added: "Our first-principles approach at Hycroft has led us to understand the controls driving the Hycroft system in a new way, resulting in the spectacular results we achieved in 2023 and 2024 and opening up new prospective targets previously not identified. Now, in 2025, we will continue to build on these findings to explore, define, and aggressively pursue the growth potential of the high-grade Brimstone and Vortex systems. We believe the significance and importance of silver at Hycroft was previously overlooked, as silver represents a substantial and previously underappreciated source of potential future revenue at the Hycroft Mine. Our team's ongoing work is unlocking significant value for shareholders as we continue to uncover the full potential of this world-class asset."
Ms. Garrett continued: "I also want to recognize our team for their incredible commitment to ensuring the health and safety of our employees and anyone who comes to the mine site. In addition to our exploration and development activities, we maintain a full mine site with heavy machinery, numerous on-site contractors as well as daily monitoring and maintenance activities. Safety is the number one priority at every stage of a mining project, and I commend the Hycroft team for always leading with this commitment. As of mid-2025, I am proud to announce that we concluded more than two and a half consecutive years with a Total Reportable Injury Frequency Rate of 0.00. With drilling ramping up on our high-grade silver targets and engineering studies in full swing, safety remains front and center for the entire Hycroft team. This strict adherence to safety discipline and culture within Hycroft will serve us well as we transition to the next phase of operations."
Drilling is being conducted by Timberline Drilling Incorporated of Elko, NV and Alford Drilling of
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Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward- looking statements, including but not limited to such things as future business strategy, plans and goals, competitive strengths and expansion and growth of our business. The words "estimate", "plan", "anticipate", "expect", "intend", "believe" "target", "budget", "may", "can", "will", "would", "could", "should", "seeks", or "scheduled to" and similar words or expressions, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intention identify forward-looking statements. Forward-looking statements address activities, events, or developments that the Company expects or anticipates will or may occur in the future and are based on current expectations and assumptions. Forward-looking statements include, but are not limited to (i) risks related to changes in our operations at the Hycroft Mine, including risks associated with the cessation of mining operations at the Hycroft Mine; uncertainties concerning estimates of mineral resources; risks related to a lack of a completed feasibility study; and risks related to our ability to re- establish commercially feasible mining operations; (ii) industry related risks including fluctuations in the price of gold and silver; the commercial success of, and risks related to, our exploration and development activities; uncertainties and risks related to our reliance on contractors and consultants; availability and cost of equipment, supplies, energy, or reagents. The exploration target does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve, as ranges of potential tonnage and grade (or quality) of the exploration target are conceptual in nature; there has been insufficient exploration of the relevant property or properties to estimate a mineral resource; and it is uncertain if further exploration will result in the estimation of a mineral resource. These risks may include the following, and the occurrence of one or more of the events or circumstances alone or in combination with other events or circumstances may have a material adverse effect on the Company's business, cash flows, financial condition, and results of operations. Please see our "Risk Factors" outlined in our Annual Report on Form 10-K for the year ended December 31, 2024, and other reports filed with the SEC for more information about these and other risks. You are cautioned against attributing undue certainty to forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements in this news release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this news release, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this news release speak only as of the date of those statements. We undertake no obligation to update those statements or publicly announce the results of any revisions to any of those statements to reflect future events or developments.
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SOURCE Hycroft Mining Holding Corporation
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