HighGold has published assay results from the first drill hole of the company’s expansion drilling at its flagship 750,000 ounce Johnson Tract polymetallic Gold Project (JT) in Southcentral Alaska.
The ongoing drill is part of Highgold’s 2021 Field Season.
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.
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According to the multinational company, high-grade mineralization was successfully intersected in hole JT21-123, building on the success of the 2020 drill program and extending the total strike length to 600 meters.
The JT Deposit Expansion initial drillhole (JT21-123) returned values of 13.1 gram per ton (g/t) gold, 200 g/t silver, 4.92% zinc, 2.04% lead, and 0.35% copper (20 g/t AuEq) over 4.3 meters (m) including 19.0 g/t gold, 242 g/t silver, 7.10% zinc, 2.91% lead, and 0.50% copper (28 g/t gold equivalent) over 2.8m.
“This is a great start to the 2021 drill program,” company president and CEO Darwin Green said in the statement.
“Our first drill hole of the season has intersected strong precious and base metal mineralization in a large step-out from last year's drilling, expanding the total strike length of JT Deposit mineralization by 15-20% to 600 meters,” he continued. “In addition to the excellent gold grades, the intersection includes some of the highest silver grades documented to date at the JT Deposit and is developed within a mudstone host – features often found in gold-rich VMS deposits. We are already designing follow-up holes and are excited to see how this new variation in the mineralization style at the JT Deposit develops as we continue to test at depth and along strike.”
Additionally, there are currently three diamond drill rigs operating at the JT project in conjunction with a regional geological mapping and geochemical sampling program, ground-based induced polarization geophysical surveying, and a Phase I metallurgical sampling program.
HighGold plans to release the assay results from this work on an ongoing basis pending review.
Moving forward, an updated mineral resource estimate is planned for the JT Deposit in early 2022, following the completion and receipt of all assays from the 2021 drill program.
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