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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As reported on January 25, the Vancouver-based company shared results for the Milkbone, greater Difficult Creek (DC), Easy Creek (EC) and Kona regional prospects that sit within the northern half of the project area and two-to-seven kilomet
“We are seeing encouraging results across the length and breadth of the property and believe that systematic exploration will continue to generate new discoveries at Johnson Tract,” said HighGold Mining CEO Darwin Green
"Infill drilling the down plunge portion of the deposit outside the resource envelope continues to define the deposit hitting multiple zones of mineralization, albeit at slightly lower grade thicknesses than we were expecting," said analyst
The drill program was completed in October this year and, so far, assays for 19 of 44 holes have been released
This is the third such agreement that HighGold has signed with First Nations in the region, including with Matachewan and Mattagami First Nations
Drill results included 11.4 grams per tonne (g/t) gold, 25.3 g/t silver, 1.5% zinc, 0.5% copper over 2.3 metres
The company said the 3,000-meter drill program will follow up on what it called “encouraging” results at vein targets identified peripheral to the historic Croesus Gold Mine
Concurrently with the offering, the company intends to undertake a non-brokered private placement offering of common shares with an existing strategic investor, a senior gold producer, at the offering price for gross proceeds of approximate
The JT deposit already hosts a high-grade indicated resource of 2.14 million tonnes (Mt) grading 10.93 grams per ton (g/t) of gold equivalent
The broker has also placed a C$3.15 target price on HighGold, with its analysts saying the JT Main deposit at its Johnson Tract project in Southcentral Alaska is “the kind of deposit mining engineers dream about”
HighGold's flagship asset is the high-grade polymetallic Johnson Tract gold project, which was acquired as part of a lease agreement with CIRI, a native Alaskan firm
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The company said assay results will be released on an ongoing basis pending review, with an updated mineral resource estimate planned for the JT Deposit in early 2022 following the completion and receipt of all assays from the 2021 drill pr
Designed to test along strike and down plunge from the JT deposit, drillhole JT21-123 is a nominal 100-meter step-out from last year’s expansion drilling on the northeast side of the deposit
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The deal is with an arm's length vendor of the acquired property and HighGold will make a cash payment of C$150,000 to the vendor and issue common shares with a total cash value equal to C$200,000
The explorer said it will increase the program to 20,000m, a 25% uptick from the previously planned 16,000m
Its Golden Mile and Golden Perimeter properties are covered under the exploration agreement, with First Nation engagement ongoing for the Munro-Croesus property
CEO Green said with the proceeds from the warrant exercise, HighGold’s working capital now stands at C$18 million
The asset already boasts a 2020 indicated resource of 750,000 gold equivalent ounces at a grade of 10.9 grams per ton (g/t) gold and potential for more
