Company
CVE:HIGH
HighGold Mining Inc is a mineral exploration company focused on high-grade gold projects located in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in accessible Southcentral Alaska, USA. The company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties. HighGold’s experienced board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.
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“Consolidation of ownership was the first step for us as we look to create shareholder value for these Yukon assets," said HighGold Mining CEO Darwin Green
Drill results from the Difficult Creek Prospect included 21.7 grams per tonne (g/t) gold over 11.9 meters
According to Stifel, the acquisition of new claims near its Timmins camp and next to Newmont's Dome mine presents "high geologic potential"
HighGold said recent claim staking and acquisition have expanded the company's commanding land position at Timmins by 25% to 335 square kilometers
“Our 2022 Johnson Tract drill program is in full swing, and we are very pleased with the early visual results from veined and brecciated intercepts at the Difficult Creek (DC) prospect and the potential opportunity to grow a second JT-style
Stifel GMP analysts reiterated their ‘Buy’ rating for HighGold Mining stock with a target price of C$2.75 per share
The company reported 1.05 million ounces of gold equivalent (AuEq) at 9.39 grams per ton AuEq indicated in an updated mineral resource estimate at its Johnson Tract polymetallic gold project
"We are very pleased with these metallurgical results, which demonstrate excellent metal recoveries to high quality concentrate products," said company president and CEO Darwin Green
The assays hail from five step-out holes at the zone, which sits on the western side of the project, 3 kilometers (km) from the historic Croesus mine
An updated resource for the JT deposit at the property is expected before the end of the second quarter this year, which will include 27,000 metres of drilling from last year and 2020
On May 9, the gold explorer reported that first pass drilling at the new zone on the western side of the project had hit wide intervals of gold mineralization in the first two holes
"We are excited to intersect such wide intervals of gold mineralization in our first two drill holes at the new Argus Zone discovery," the company's;s president and CEO Darwin Green said
The gold explorer, whose flagship project is Johnson Tract in Alaska, and which also has assets in Timmins, Ontario, has a current market cap that is the same as on June 30, 2020, note the analysts
"Devin's global experience advancing major gold projects for senior mining companies will be of tremendous value as we take the Johnson Tract Project forward," said HighGold CEO Darwin Green
The drilling hit the equivalent of the historic high-grade Croesus Vein in one hole, which generated 13.40 grams per ton (g/t) gold over 0.5 metres (m) from 31m depth, within a broader interval of 4.80m from 28.7m depth grading 3.60 g/t of
The assays hail from the first seven holes of the firm's 2022 winter program, which is testing targets proximal and distal to the past-producing Croesus mine and other targets on the greater land position
The company has "an ideal combination of deposit scale and regional exploration runway,” according to the broker's analysts
Assay results included 25.8 grams per tonne gold over 1.0 meter in a 100-metre step-out along strike of the #4 Vein surface exposure
Collectively, drilling has defined a broad zinc-rich halo to the Johnson Tract deposit mineralizing system that now extends over a strike length of 850 meters and over a width up to 90 meters
The program will test existing targets near the Croseus gold mine and do initial drilling at new targets on the property
