HighGold Mining Provides Update on Johnson Tract 2022 Exploration Program, Alaska USA
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) announced the progress of its US$9 million exploration program at the Johnson Tract project in Alaska. The project features the high-grade JT Deposit with 1.05 Moz indicated at 9.4 g/t AuEq. The company is currently drilling at the Difficult Creek prospect, with two rigs active since July. Initial results from 15 completed drill holes show promise, while an on-site sample prep lab aims to expedite assay results. The exploration program also includes drilling on the JT Deposit and other targets within the Johnson District.
- Drilling program at Johnson Tract is progressing well with two active rigs.
- Fifteen drill holes completed, targeting high-grade mineralization.
- Installation of on-site lab to reduce assay turnaround times, improving operational efficiency.
- Initial visual results from drilling at Difficult Creek show potential for another mineralized zone.
- None.
“Our 2022 Johnson Tract drill program is in full swing, and we are very pleased with the early visual results from veined and brecciated intercepts at the
2022 Exploration Program Update
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Exploration is well underway with two drill rigs active at the DC prospect as a follow-up to the late 2021 near surface, bonanza-grade drill discovery of 6.40m grading 577.9 g/t Au and 2,023 g/t Ag in hole DC21-010 (See HighGold news release dated
October 6, 2021 ). The first rig commenced drilling onJuly 4 th and was joined by a second rig onJuly 14 th. Initial drilling is being completed on a close-spaced grid pattern with the objective of determining the geometry, geological controls, and grade distribution of this promising new mineralized zone. - Fifteen (15) drill holes, ranging from 50 to 150 meters in length, have been completed to date. Upon completion of the initial phase of close-spaced drilling, one drill rig will move to larger step-outs along trend and the other rig will move one km southwest to the Milkbone prospect to test a high-grade gold-in-soil anomaly interpreted to occur within the same key host rocks and potentially be an extension of the same mineralizing system as the DC prospect.
- Veining and alteration documented in the recently completed drill holes at DC is visually similar to that intersected at the main JT Deposit, located four km to the southwest. Drilling has delineated zones of structurally-controlled quartz-carbonate-sulfide veining and brecciation over core intervals 2 to15 meters or more in length, with local narrow intervals of coarse-grained semi-massive to massive sphalerite, galena, chalcopyrite, and pyrite. Surrounding alteration consists of silicification and a widespread zone of semi-massive to massive pervasive nodular anhydrite and anhydrite veining. Readers are cautioned that the significance of the visual observations of veining and sulphide mineralization will not be known until assays are received.
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An on-site sample preparation facility has been installed at the JT Camp and is now fully operational with the first batch of prepared sample material shipped out recently for analysis. Sample preparation has been a major bottleneck for North American assay laboratories, and the on-site, professional grade, drying, crushing and pulverizing facility, built under the guidance of expert third party consultant, Dr.
Barry Smee ,P.Geo ., is anticipated to significantly reduce turn-around times for analytical results and enable follow-up of positive results during the current drill program. - In addition to the high-priority exploration targets at DC and Milkbone, the 2022 program includes priority planned step-out and infill drilling on the JT Deposit mineral resource, including new targets identified following the recently completed mineral resource update.
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Other
Johnson District targets that may be tested during the 2022 drill program include the Kona,Easy Creek andSouth Valley prospects.
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
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President & CEO
The Company has a robust QAQC program that includes the insertion of blanks, standards and duplicates.
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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 planned drill program and potential significance of visual results 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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Phone: 1-604-629-1165 or North American toll-free 1-855-629-1165
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FAQ
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