HighGold Mining Inc (CVE:HIGH) (OTCQB:HGGOF) said it has now filed the maiden NI 43-101 resource estimate for its flagship Johnson Tract gold project in Alaska.
As reported in April this year, when the results of the report were released, the firm said that the deposit was "attractive for underground development, including excellent width, strong continuity, subvertical geometry, and geotechnically competent mineralization".
READ: HighGold Mining has an exciting exploration story, backed up by high grade ounces in the ground
The group said the report showed a higher confidence indicated resource of 2.14 million tonnes (Mt) grading 10.93 grams per ton (g/t) gold equivalent for 750,000 ounces of gold equivalent. The lower confidence inferred resource was pegged at 0.58 Mt at a grade of 7.16 g/t gold equivalent for 134,000 ounces of gold equivalent.
"We view this resource as our starting point and, after laying dormant for 25 years with no exploration until HighGold's recent 2019 drill program, it provides an excellent springboard for what lies ahead for the project," HighGold CEO Darwin Green had said at the time.
The project also boasts "excellent exploration potential indicated by several other prospects over a 12-kilometer strike length".
HighGold also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada, which includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties.
Contact the author at giles@proactiveinvestors.com