HighGold Mining Inc (TSX-V:HIGH, OTCQX:HGMIF) has announced initial assay results from its 2023 exploration and development program at the Johnson Tract polymetallic gold project in Alaska, which included 2.2 metres (m) of 49.9 grams per tonne (g/t) gold in hole DC23-070.
The mineral exploration company said the results confirm the western extension of high-grade gold mineralization at the Ellis Zone, four kilometers northeast of the JT Deposit, was a major focus of drilling during the 2022 field season.
"Hole DC23-070 is a near-surface 50-meter step out to the west of the Ellis Zone and is the 8th intersection to date from the recent discovery to yield a 'grade-thickness' greater than 100 gxm gold equivalent," HighGold Mining CEO Darwin Green said in a statement.
"Two drill rigs are currently active on site, focused on the continued expansion of the Ellis Zone and JT Deposit as well as exploring for new discoveries," he added.
HighGold noted that the 2023 program includes 8,000m of planned drilling to expand the known zones of mineralization at the Ellis Zone and the JT Deposit, test new high-potential prospects, and conduct geotechnical and hydrogeological studies to inform the design and permitting of an underground exploration ramp.
The program also includes an airborne Mobile MagnetoTellurics (MobileMT) geophysical survey, geological mapping and geochemical sampling, baseline data collection, and environmental studies, the company added.
As of August 31, a total of 5,283m has been drilled in 23 holes and assay results will be released on an ongoing basis, HighGold stated.
HighGold is a mineral exploration company focused on advancing the high-grade Johnson Tract Gold-Zinc-Copper project located in accessible southcentral Alaska. The company also holds 5 million shares of Onyx Gold Corp. following the spin-out of Yukon and Ontario exploration assets formerly held by HighGold.
Contact Sean at sean@proactiveinvestors.com