HighGold Mining Intersects 20 g/t AuEq over 4.3m in 100m Step-out at JT Deposit, Alaska
HighGold Mining Inc. announced promising assay results from drill hole JT21-123 at its Johnson Tract Gold Project in Alaska. The drill hole yielded 13.1 g/t Gold, 200 g/t Silver, 4.9% Zinc, 2.0% Lead, and 0.4% Copper over 4.3 meters, marking a notable expansion of the mineralization strike length to 600 meters. The results reflect a significant discovery as the company continues its 20,000-meter drill program aimed at enhancing the resource estimates for the project.
- High-grade mineralization intersected in drill hole JT21-123, expanding the total strike length of the JT Deposit by 15-20%.
- Assay results include some of the highest silver grades documented at the JT Deposit.
- Current drilling program has completed over 10,000 meters of a planned 20,000 meters.
- None.
Hole JT21-123 yields 13.1 g/t Gold, 200 g/t Silver,
Figure 1.
Drillhole JT21-123 was designed to test along strike and down-plunge from the JT Deposit as a nominal 100-meter step-out from last years expansion drilling on the northeast side of the deposit (Figure 1). 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.
Drill Highlights – JT Deposit Expansion (JT21-123)
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13.1 g/t Au, 200 g/t Ag,
4.92% Zn,2.04% Pb, and0.35% Cu (20 g/t AuEq) over 4.3m including-
19.0 g/t Au, 242 g/t Ag,
7.10% Zn,2.91% Pb, and0.50% Cu (28 g/t AuEq) over 2.8m
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19.0 g/t Au, 242 g/t Ag,
“This is a great start to the 2021 drill program,” commented President and CEO
Discussion of Current JT Deposit Expansion Results
Assay results reported today include an intersection from expansion drilling at the JT Deposit from hole JT21-123 – the first drill hole completed from the 20,000-meter Johnson Tract drill program. The mineralization encountered in hole JT21-123 is hosted within a fine-grained mudstone unit (379.7 to 384.0 meters) and is similar to the ‘VMS style’ mineralization reported last season in hole JT20-114 (7.8 meters at
Location of the step-out hole in relation to the JT Deposit is presented on a longitudinal section in Figure 1. The Au-Cu-Zn-Ag-Pb mineralization associated with the JT Deposit has now been defined over a total strike length of 600 meters and remains open along strike to the northeast and southwest, and at depth.
AuEq is calculated using nominal current spot metal prices of
Current Initiatives and 2021 Program Update
Three diamond drill rigs are currently operating on the Project in conjunction with a regional geological mapping and geochemical sampling program, ground-based induced polarization (“DCIP”) geophysical surveying, and a Phase I metallurgical sampling program. Assays results will be released on an ongoing basis pending review and meeting Company quality assurance-quality control protocols. 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. The new resource estimate will incorporate new drilling completed in 2020 and 2021.
Over 10,000 meters of a planned 20,000 meters have been drilled to date. This includes 11 holes at JT Deposit area targets, and 15 holes at DC Prospect targets, one of several regional prospects that define a 12-km long mineralized trend at Johnson Tract. The JT Deposit expansion program includes 100-meter nominal step-outs from the known extent of mineralization along strike to the northeast and southwest, down plunge, and within the recently defined
About the
Johnson Tract is a poly-metallic (gold, copper, zinc, silver, lead) project located near tidewater, 125 miles (200 kilometers) southwest of
Mineralization at Johnson Tract occurs in Jurassic-age intermediate volcaniclastic rocks and is characterized as epithermal-type with submarine volcanogenic attributes. The JT Deposit is a thick, steeply dipping silicified body (20m to 50m average 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 2.14 Mt grading 10.93 g/t gold equivalent (“AuEq”) comprised of 6.07 g/t Au, 5.8 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
For further information, please visit the
Additional notes:
The starting azimuth and dip (Azimuth/-Dip) for drillhole JT21-123 is 130/-62. 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 half placed back in the original core box for permanent storage. Sample lengths typically vary from a minimum 0.5 meter interval to a maximum 2.0 meter interval, with an average 1.0 to 1.5 meter sample length. Drill core samples are shipped by air and transport truck in sealed woven plastic bags to ALS Minerals sample preparation facility in
The Company has a robust QAQC program that includes the insertion of blanks, standards and duplicates.
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 currently ongoing drill program and pending assays are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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FAQ
What were the assay results for HighGold Mining Inc.'s JT21-123 drill hole?
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