HighGold Mining (TSXV:HIGH) Reports Assay Results From Ellis Zone Discovery, Intersecting 15.5 Meters at 4.04 g/t Gold Equivalent

Source: HighGold Mining

HighGold Mining (TSXV:HIGH) has reported new assay results from 2022 drilling at the Ellis Zone discovery at the Difficult Creek Prospect. These are the third and final batch of results from the project, which is located four kilometres northeast of the 1.005 Moz indicated at 9.4 g/t gold equivalent JT Deposit. This is one of many district-scale prospects HighGold Mining is exploring in Southcentral Alaska on the Johnson Tract project. 

The diamond drilling completed during the second half of the 2022 summer field season was focused on systematically stepping out along strike and at depth on the Ellis Zone on 25 to 50-meter centres. The new drilling has returned strong mineralization west and down-plunge of recently released results and includes 15.5m at 4.04 g/t AuEq, including 1.5m at 26.24 g/t AuEq, in hole DC22-056, and 16.1m at 3.07 g/t AuEq, including 3.0m at 7.84 g/t AuEq, in hole DC22-060. 

Darwin Green, CEO of HighGold Mining, commented in a press release: “The 2022 drill program at the Ellis Zone was very successful in sketching-in a new center of high-grade gold and base metal mineralization with similar characteristics to the main +1Moz JT Deposit located 4km away. This is strong validation of the district potential for multiple deposits and the opportunity to contribute additional mineral resources to the existing resource base. To date, the Ellis Zone has been documented over a strike length of 125 meters and from surface to a depth of 225 meters and is open to expansion. It remains early days in the exploration of this promising new zone, and we look forward to returning in 2023 with larger step-outs, particularly down plunge to the west and to depth.”

Source: HighGold Mining

Highlights from the results are as follows:

  • 4.1m at 5.89 g/t AuEq (3.28 g/t Au, 3.14% Zn, 0.81% Pb, 0.29% Cu), in hole DC22-037, including
    • 0.9m at 16.21 g/t AuEq (14.55 g/t Au, 0.22% Zn, 0.89% Cu)
  • 6.6m at 4.96 g/t AuEq (1.43 g/t Au, 4.35% Zn, 0.62% Cu), in hole DC22-049, including
    • 1.3m at 12.90 g/t AuEq (5.70 g/t Au, 2.08% Zn, 2.55% Cu)
  • 16.1m at 1.53 g/t AuEq (0.17 g/t Au, 2.08% Zn), in hole DC22-050, including
    • 0.5m at 20.59 g/t AuEq (0.76 g/t Au, 32.50% Zn, 0.43%)
  • 3.6m at 5.92 g/t AuEq (0.90 g/t Au, 7.91% Zn), in hole DC22-051, including
    • 1.5m at 9.83 g/t AuEq (1.91 g/t Au, 12.75% Zn, 0.29% Cu)
  • 15.5m at 4.04 g/t AuEq (2.99 g/t Au, 1.49% Zn), in hole DC22-056, including
    • 1.5m at 26.24 g/t AuEq (25.70 g/t Au, 0.81% Zn)
  • 16.1m at 3.07 g/t AuEq (0.36 g/t Au, 3.97% Zn, 0.21% Cu), in hole DC22-060, including
    • 3.0m at 7.84 g/t AuEq (0.75 g/t Au, 11.03% Zn, 0.31% Cu)
  • 8.5m at 2.62 g/t AuEq (1.41 g/t Au, 1.55% Zn, 0.69% Pb), in hole DC22-065

Table 1. Significant Assay Intersections from the Ellis Zone, Johnson Tract Project

Drill Hole From To Length Au Ag Cu Pb Zn AuEq
  (meters) (meters) (meters) (g/t) (g/t) % % % (g/t)
DC22-035 79.6 92.8 13.2 0.12 2.9 0.03 0.17 0.45 0.5
DC22-036* 41.0 83.8 42.8 3.44 23.3 0.21 0.83 2.06 5.4
Incl 42.0 60.4 18.4 7.29 49.9 0.44 1.78 3.92 11.2
Incl 47.0 50.7 3.7 18.00 86.8 0.91 1.62 4.05 22.9
DC22-037 57.4 61.5 4.1 3.28 14.1 0.29 0.81 3.14 5.9
Incl 58.4 59.3 0.9 14.55 35.7 0.89 0.15 0.22 16.2
DC22-038* 74.6 82.8 8.2 4.39 8.7 0.34 0.03 0.28 5.1
Incl 74.6 80.1 5.5 5.95 11.9 0.50 0.01 0.21 6.8
DC22-039 NSV                
DC22-040 NSV                
DC22-041 17.9 19.9 2.00 0.37 8.9 0.38 2.30 4.52 4.3
And 32.2 38.2 6.0 1.13 7.1 0.09 0.72 1.30 2.3
Incl 32.2 35.2 3.0 1.84 11.6 0.12 1.14 1.85 3.6
DC22-041B 1.4 3.2 1.8 1.81 17.2 0.06 0.06 0.05 2.1
And 17.4 22.1 4.7 0.13 7.1 0.26 1.36 2.35 2.3
Incl 20.1 21.1 1.0 0.36 15.4 0.72 2.94 5.36 5.5
DC22-042 80.7 84.5 3.8 0.55 83.5 0.02 0.18 0.42 1.7
DC22-043* 37.1 49.0 11.9 21.68 30.1 0.61 0.38 4.20 25.3
Incl 37.1 43.7 6.6 38.31 48.8 0.89 0.37 5.48 43.3
Incl 37.1 41.0 3.9 54.20 71.1 1.26 0.48 8.29 61.6
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
DC22-047 97.8 159.1 61.3 0.19 0.4 0.05 0.06 1.02 0.9
Incl 145.5 149.3 3.8 0.51 2.1 0.38 0.01 5.42 4.2
And 264.0 276.9 12.9 0.08 3.1 0.73 0.01 0.11 1.1
Incl 274.7 276.2 1.5 0.20 5.7 2.66 0.01 0.07 3.7
DC22-048 80.2 88.6 8.4 0.20 2.3 0.21 0.20 1.27 1.3
Incl 84.5 85.7 1.2 0.51 7.9 1.03 0.91 3.21 4.1
And 129.0 137.4 8.4 0.10 4.4 0.35 0.03 2.08 1.8
Incl 129.0 131.4 2.4 0.25 12.7 1.20 0.04 4.87 4.8
DC22-049 55.7 62.3 6.6 1.43 13.4 0.62 0.13 4.35 5.0
Incl 59.6 60.9 1.3 5.70 54.9 2.55 0.19 5.68 12.9
And 72.9 76.2 3.3 0.39 4.9 0.23 0.09 3.29 2.7

Table 1 Continued.

Drill Hole From To Length Au Ag Cu Pb Zn AuEq
  (meters) (meters) (meters) (g/t) (g/t) % % % (g/t)
DC22-050 52.8 68.9 16.1 0.17 2.3 0.05 0.16 2.08 1.5
Incl 62.9 63.4 0.5 0.76 9.9 0.43 0.03 32.50 20.6
DC22-051 76.4 80.0 3.6 0.90 3.1 0.21 0.17 7.91 5.9
Incl 77.6 79.1 1.5 1.91 3.3 0.29 0.33 12.75 9.9
DC22-052** NSV                
DC22-053** 27.5 29.2 1.7 0.47 9.4 0.18 0.65 2.30 2.4
DC22-054** NSV                
DC22-055** NSV                
DC22-056 71.3 86.8 15.5 2.99 6.4 0.06 0.12 1.49 4.0
Incl 79.8 81.3 1.5 25.70 3.5 0.01 0.03 0.81 26.2
DC22-057 72.9 75.4 2.5 0.74 2.9 0.11 0.05 7.10 5.1
Incl 72.9 74.4 1.5 1.01 3.7 0.12 0.06 10.25 7.3
DC22-058 29.2 30.7 1.5 0.04 296.0 0.05 0.58 1.30 4.0
And 62.6 68.6 6.0 0.49 1.8 0.02 0.12 0.63 0.9
And 79.1 85.0 5.9 0.82 0.9 0.00 0.15 0.61 1.2
DC22-059 57.9 65.3 7.4 0.41 1.8 0.03 0.14 1.69 1.5
Incl 61.1 64.3 3.2 0.55 1.5 0.04 0.18 2.67 2.3
DC22-060 53.1 69.2 16.1 0.36 4.7 0.21 0.19 3.97 3.1
Incl 57.8 60.8 3.0 0.75 6.4 0.31 0.42 11.03 7.8
DC22-061 198.0 212.0 14.0 0.15 3.0 0.62 0.00 0.46 1.3
Incl 199.5 201.9 2.4 0.50 9.6 1.67 0.00 0.76 3.2
DC22-062 44.1 49.1 5.0 0.24 3.6 0.03 0.24 1.08 1.0
And 67.3 68.8 1.5 5.82 1.4 0.00 0.02 0.13 5.9
DC22-063 46.4 48.4 2.0 0.26 18.7 0.06 0.79 1.76 1.8
DC22-064 33.4 39.3 5.9 0.76 2.4 0.07 0.58 1.35 1.9
Incl 33.4 35.0 1.6 2.23 5.2 0.13 0.86 2.08 4.0
And 48.0 51.1 3.1 0.55 3.1 0.05 0.18 1.25 1.4
DC22-065 4.2 31.5 27.3 0.77 2.7 0.02 0.24 0.55 1.2
Incl 19.3 27.8 8.5 1.41 3.6 0.03 0.69 1.55 2.6
And 38.7 56.4 17.7 0.62 3.6 0.15 0.15 0.92 1.4
Incl 46.7 48.9 2.2 2.20 15.1 0.74 0.01 0.53 3.6
And 82.7 85.0 1.5 0.81 54.1 0.52 1.30 4.45 5.0
DC22-066 NSV                
DC22-067 NSV                
DC22-068** NSV                
Notes:
* Previously released drill intersection
** Other Difficult Creek Targets (not Ellis Zone)
NSV = No significant values
True thickness for the reported intersections estimated at 50% to 90% of reported width. Gold Equivalent (“AuEq”) based on assumed metal prices of US$1650/oz for Au, US$20/oz for Ag, US$3.50/lb for Cu, US$1.00/lb for Pb and US$1.50/lb for Zn and payable metal recoveries of 97% for Au, 85% for Ag, 85% Cu, 72% Pb and 92% Zn.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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