HighGold Mining Drills 33.6m at 12.1 g/t AuEq and Provides Update on Advanced Exploration Plan, Johnson Tract Project, Alaska USA
JT Deposit Infill Drilling Returns 33.6 Meters at 7.9 g/t Au, 0.91% Cu, 4.81% Zn, 0.51% Pb, 7 g/t Ag (12.1 g/t AuEq)
Vancouver, British Columbia--(November 20, 2023) - HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGMIF) ("HighGold" or the "Company") is pleased to provide an update on its 2023 exploration and development program (the "Program") including final drill results at the Johnson Tract polymetallic Gold Project ("Johnson Tract", "JT" or the "Project") in Southcentral Alaska, USA. The Project hosts the high-grade JT Deposit with an Indicated Resource of 1.05 Moz at 9.39 g/t gold equivalent ("AuEq") with average true thickness of 40m.
Following completion of the spin-out of Onyx Gold Corp. this summer (see HighGold news release dated June 6, 2023), HighGold squarely focused on unlocking value at the high-grade JT Deposit. In parallel with exploration drilling to expand existing deposits and target new prospects, the Company launched on a major program of advanced exploration and de-risking activities to support the evaluation of a potential high-grade, low-impact, underground mine.
- Category: Silver / Gold
- Published: 20 November 2023
- Written by Editor