HighGold Mining Intersects 14.3 g/t Gold Equivalent over 14.8 Meters in Step-Out Drilling at Ellis Zone, Johnson Tract Project, Alaska
HighGold Mining Inc. (HGGOF) reported strong assay results from six new drill holes at the Ellis Zone, Difficult Creek Prospect, expanding the high-grade mineralization footprint by nearly 50%. Drill hole DC22-046 yielded 14.8 meters at 10.14 g/t Au and included a remarkable 6.8 meters at 21.29 g/t Au. This discovery indicates the potential for defining a second deposit at the Johnson Tract, supplementing the existing +1Moz JT Deposit. The ongoing exploration program aims to complete 10,000-11,000 meters by late October, with drilling focused on resource growth and expanding mineralization in the area.
- Expanded high-grade mineralization at Ellis Zone by nearly 50%.
- Drill hole DC22-046 showed 14.8m @ 10.14 g/t Au, indicating strong mineralization.
- Potential to define a second deposit at Johnson Tract besides the existing high-grade JT Deposit.
- None.
Including 21.3 g/t Gold, 25 g/t Silver,
Figure 1.
Ongoing diamond drilling continues to focus on the
Drill Highlights of the
Drillhole DC22-046
-
14.8m @ 10.14 g/t Au, 13.8 g/t Ag,
0.28% Cu,5.97% Zn (14.3 g/t AuEq) including-
6.8m @ 21.29 g/t Au, 25.1 g/t Ag,
0.55% Cu,0.61% Pb,10.70% Zn (28.7 g/t AuEq) including -
1.5m @ 62.50 g/t Au, 10.5 g/t Ag,
0.77% Cu,0.59% Pb,10.59% Zn (70.0 g/t AuEq)
-
6.8m @ 21.29 g/t Au, 25.1 g/t Ag,
Drillhole DC22-045
-
35.2m @ 4.2 g/t Au, 6.1 g/t Ag,
0.12% Cu,1.40% Pb,3.19% Zn (6.7 g/t AuEq) including-
1.9m @ 12.95 g/t Au, 37.7 g/t Ag,
13.51% Pb,31.42% Zn (36.2 g/t AuEq), and -
13.3m @ 7.81 g/t Au, 6.4 g/t Ag,
0.23% Cu,1.31% Pb,2.35% Zn (10.0 g/t AuEq)
-
1.9m @ 12.95 g/t Au, 37.7 g/t Ag,
Drillhole DC22-044
-
20.3m @ 1.72 g/t Au, 5.6 g/t Ag,
0.14% Cu,1.46% Zn (2.9 g/t AuEq), in hole DC22-044, including-
2.0m @ 8.34 g/t Au, 8.9 g/t Ag,
0.41% Cu,4.00% Zn (11.5 g/t AuEq)
-
2.0m @ 8.34 g/t Au, 8.9 g/t Ag,
“The
Discussion of DC Prospect and Ellis Zone Drill Results
The DC Prospect is located four (4) kilometers northeast of the JT Deposit and is characterized by a series of large gossan alteration zones similar in style to the +1Moz AuEq JT Deposit that collectively extend over a 1.5 km x 3.0 km area in a broad northeasterly trend. Gold mineralization and pervasive clay/anhydrite alteration are preferentially developed within dacitic to rhyolitic fragmental rocks that are capped by a shallowly-dipping sequence of lesser altered andesite volcanics that are host to a gold- and silver-rich epithermal vein field at higher elevations. The widespread extent of mineralization exposed in erosional windows through the capping andesite supports potential for a large and partially blind mineralized system linking the various DC Prospect zones together over a strike length of 3 km. Drilling in late 2021 resulted in the discovery of near-surface bonanza-grade mineralization, which returned 577.9 g/t Au and 2,023 g/t Ag over 6.40 meters in hole DC21-010. Subsequent geological modeling during the off-season inferred an east-west striking, steeply north-dipping trend to the mineralization that became the focus for the initial 2022 drill program at what is now referred to as the ‘Ellis Zone’.
To date, a total of 36 drill holes for 4,935 meters have been completed at the
Drilling to date has now defined the
Details of the locations of 2022 drill holes completed so far can be found in Figures 1 and 2 with key assay intersections displayed in Table 1.
2022 Exploration Program Update
The 2022 Drilling and Exploration Program includes diamond drilling (two rigs), geological mapping, geochemical sampling, airborne drone-magnetic geophysical surveying, preliminary environmental and engineering baseline studies, and general JT camp improvements. Drilling is expected to wrap up in mid to late-October with a total of 10,000 to 11,000 meters completed. To
Table 1.
Drill Hole |
From |
To |
Length |
Au |
Ag |
Cu |
Pb |
Zn |
AuEq |
(meters) |
(meters) |
(meters) |
(g/t) |
(g/t) |
% |
% |
% |
(g/t) |
|
DC22-029 |
31.3 |
32.6 |
1.3 |
6.10 |
6.5 |
0.01 |
0.02 |
0.04 |
6.2 |
DC22-031 |
29.2 |
34.3 |
5.1 |
0.31 |
6.7 |
0.03 |
0.10 |
0.23 |
0.6 |
DC22-032 |
28.0 |
30.6 |
2.6 |
0.24 |
3.2 |
0.10 |
0.59 |
1.96 |
1.7 |
And |
51.1 |
55.6 |
4.5 |
0.26 |
10.2 |
0.11 |
0.90 |
2.56 |
2.3 |
DC22-044 |
46.4 |
66.7 |
20.3 |
1.72 |
5.6 |
0.14 |
0.18 |
1.46 |
2.9 |
Incl |
52.8 |
54.8 |
2.0 |
8.34 |
8.9 |
0.41 |
0.44 |
4.00 |
11.4 |
DC22-045 |
4.6 |
57.1 |
52.5 |
2.95 |
5.5 |
0.10 |
1.01 |
2.38 |
4.9 |
Incl |
9.1 |
44.3 |
35.2 |
4.20 |
6.1 |
0.12 |
1.40 |
3.19 |
6.7 |
Incl |
9.1 |
11.0 |
1.9 |
12.95 |
37.7 |
0.08 |
13.51 |
31.42 |
36.2 |
Incl |
30.0 |
43.3 |
13.3 |
7.81 |
6.4 |
0.23 |
1.31 |
2.35 |
10.0 |
DC22-046 |
56.0 |
70.8 |
14.8 |
10.14 |
13.8 |
0.28 |
0.46 |
5.97 |
14.3 |
Incl |
56.0 |
65.7 |
9.7 |
15.34 |
20.0 |
0.42 |
0.60 |
8.58 |
21.3 |
Incl |
57.5 |
64.3 |
6.8 |
21.29 |
25.1 |
0.55 |
0.61 |
10.70 |
28.7 |
Incl |
57.5 |
59.0 |
1.5 |
62.50 |
10.5 |
0.77 |
0.59 |
10.50 |
70.0 |
True thickness for the reported intersections estimated at
About the
Johnson Tract is a polymetallic (gold, copper, zinc, silver, lead) project located near tidewater, 125 miles (200 kilometers) southwest of
Mineralization at Johnson Tract occurs in Jurassic intermediate volcaniclastic rocks and is characterized as epithermal-type with submarine volcanogenic attributes. The JT Deposit is a thick, steeply dipping silicified body averaging 40m true thickness that contains a stockwork of quartz-sulphide veinlets and brecciation, cutting through and surrounded by a widespread zone of anhydrite alteration.
The JT Deposit hosts an Indicated Resource of 3.489 Mt grading 9.39 g/t gold equivalent (“AuEq”) comprised of 5.33 g/t Au, 6.0 g/t Ag,
Prior to HighGold, the Project was last explored in the mid-1990s by a mid-tier mining company that evaluated direct shipping material from Johnson to the
About HighGold
HighGold is a mineral exploration company focused on high-grade gold projects located in
On Behalf of
“
President & CEO
Additional Notes :
Starting azimuth, dip and final length (Azimuth/-Dip/Length) for the six drill holes reported today are noted as follows: DC22-029 (180/50/50.2m), DC22-031 (180/48/76.7m), DC22-032 (180/51/73.7m), DC22-044 (180/85/95.4m), DC22-045 (230/45/132.8m), and DC22-046 (245/70/126.3m).
Samples of drill core were cut by a diamond blade rock saw, with half of the cut core placed in individual sealed polyurethane bags and the remaining half of the cut core placed back in the original core box for permanent storage, on site. Sample lengths range from a minimum 0.5-meter to a maximum 2.0-meter interval, with an average sample length of 1.0 to 1.5 meter.
The half-cut core samples are then dried for 1-2 days at 50-60 degrees Celsius, crushed to 2mm (>
Gold is determined by fire-assay fusion of a 50-gram sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Various metals including silver, gold, copper, lead and zinc are analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. The elements copper, lead and zinc are determined by ore grade assay for samples that return values >10,000 ppm by ICP analysis. Silver is determined by ore grade assay for samples that return >100 ppm. ALS Geochemistry meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.
The Company maintains a robust QAQC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). The Company’s database and QAQC data have been audited by two independent, external experts,
Neither
Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s further 2022 drill plans and future results at the
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FAQ
What are the latest assay results from HighGold Mining (HGGOF)?
How much mineralization has been discovered in the Ellis Zone?
What is the current drilling program for HighGold Mining at the Johnson Tract?
Where is the Difficult Creek Prospect located?