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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The drilling, with three rigs, will target upgrading the JT deposit, along with adjacent target areas, and will see the first time testing of other prospects in the near 21,000 acre district
Last year, HighGold sunk over 16,000m in 32 holes at the Alaska asset
The explorer unveiled Monday rock and soil sampling assays from work carried out last year
The latest assays hail from two holes, which showed, significantly new VMS-style mineralization in one
Recently acquired claims mean the firm's asset area now spans 32 square kilometres or 3,187 hectares in the 100-plus million ounces Timmins camp
The latest consolidation of claims means the project area now spans 32 square kilometres, or 3,187 hectares
Sampling at the Difficult Creek prospect has uncovered the new field over a 250m by 700m area, with assays including 1,800 g/t silver, 0.4 g/t gold and 0.5% zinc in a rock grab sample
The assays come from last year's program for 16,418m in 32 holes and show the up-plunge extents of the deposit and also the continuity of the deeper Footwall Copper-Silver Zone
HighGold’s Canadian properties are in the Timmins gold camp, where it has a strategic footprint of 200 square kilometres in an area along the Porcupine-Destor Fault
The company said 31 holes were sunk for 2,645 metres to assess targets immediately near the historic Croesus gold mine, as well as new ones identified in recent trench samples elsewhere
The company will place up to 1.5 million shares on a flow-through basis, it said in a statement
On Monday, the company announced it had acquired, with cash and shares, three new properties from various arm's length vendors
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
This year's drilling program has now finished at the explorer's JT project, the group said
Resource expansion drilling at the main JT Deposit continues to deliver solid results of high-grade mineralization in these step-outs
In March this year, the explorer suspended drilling at Timmins due to the coronavirus (COVID-19) outbreak
One hole, which tested an area below the last hole of the 2019 season, threw up 0.48% copper, 7.28% zinc and 1.31% lead
The analysts view the company’s high-grade polymetallic Johnson Tract Project in Alaska and the Timmins gold camp in Ontario as promising
The company plans to use the funds for mineral exploration and corporate purposes, including expanding the scale of its Johnson Tract drill program in Alaska
HighGold’s exploration program is the first major drill campaign in 25 years at Johnson Tract
