HighGold intersects 17.4 meters at 10.3 g/t AuEq at Johnson Tract
|Image credit: HighGold|
(Kitco News) - HighGold Mining (TSX-V:HIGH, OTCQX:HGGOF) announced new assay results from the 2020 exploration drilling program at its flagship Johnson Tract Gold in Southcentral Alaska, USA. Results are reported for four drill holes, including additional step-outs to the JT Deposit that extend high-grade mineralization down-plunge.
Best drill results include: 17.4 meters at 3.9 g/t gold, 5 g/t silver, 0.6% copper, 7.6% zinc (10.3 g/t AuEq), including 7.4 meters at 17.5 g/t AuEq.
President and CEO Darwin Green said new drill results could add high-tonnage/high-value mineralization to the existing resources.
“Today’s results further extend mineralization to depth & down-plunge of the main JT Deposit. The results also highlight the opportunity to add high-tonnage/high-value mineralization with each new step-out hole,” commented Green. “Observations of drill core from these and subsequent holes (for which assays are still pending) suggest the JT Deposit remains open for continued expansion down-plunge and that not all of it is faulted-off at depth as was previously interpreted.”
Johnson Tract is a poly-metallic (gold, copper, zinc, silver, lead) project located near tidewater in Southcentral Alaska The Project is on lands owned by Cook Inlet Region Inc (CIRI), a Regional Alaska Native Corporation that the Company has a lease agreement with for mineral exploration and development. The JT Deposit hosts an Indicated Resource of 2.14 Mt grading 10.93 g/t gold equivalent comprised of 6.07 g/t Au, 5.8 g/t Ag, 0.57% Cu, 0.80% Pb and 5.85% Zn. The Inferred Resource of 0.58 Mt grading 7.16 g/t AuEq is comprised of 2.05 g/t Au, 8.7 g/t Ag, 0.54% Cu, 0.33% Pb, and 6.67% Zn.
HighGold is a mineral exploration company focused on high-grade gold projects located in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in accessible Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties.