HighGold Mining (TSXV:HIGH) has reported new assay results from six additional drill holes testing the Ellis Zone at its Difficult Creek Prospect.  Difficult Creek is one of several district-scale prospects being explored by HighGold on the Johnson Tract project in Southcentral Alaska, USA.

Darwin Green, CEO of HighGold, commented in a press release: “The Ellis Zone discovery continues to deliver excellent results with some of the strongest and widest intersections to date coming from the western limit of our drilling. We are very encouraged by the persistence of the Ellis Zone mineralization along strike and plan to keep stepping out in all directions as we continue expanding the known extents of the zone. While still very early days, it appears we are well on our way to defining a second deposit at Johnson Tract to compliment the existing high-grade +1Moz JT Deposit mineral resource that is also open to expansion.”

Diamond drilling in the Ongava Continuation zone continues, with fresh step-out holes being drilled on 25 meter centers. With 21.68 grams per tonne Au, 30 grams per tonne Ag, 0.61 percent Cu, and 4.20% Zn over 11.9 meters, these new intersections have extended the region’s broad, high-grade Ellis Zone mineralization nearly 50%.

The JT Deposit (DC Prospect) is located four kilometers northeast of the deposit and is characterized by a series of large gossan alteration zones that are similar in style to the +1Moz AuEq JT Deposit, which covers a 1.5 km x 3.0 km area in a broad northeasterly direction. Gold mineralization and widespread 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 at higher elevations, hosting an epithermal vein field containing gold and silver.

The widespread amount of mineralization exposed in erosional windows by the topping andesite might allow for a large, partially blind mineralized system to be linked between the different DC Prospect zones along a strike length of 3 kilometers. Drilling began in late 2021, and near-surface bonanza-grade mineralization was discovered at 577.9 g/t Au and 2,023 g/t Ag over 6.40 meters in hole DC21-010.

During the off-season, subsequent geology modeling supported a north-northeast striking, steeply north-dipping trend to the mineralization that became the focus of the first 2022 drill program at what is now referred to as the ‘Ellis Zone.’

So far, a total of 36 drill holes have been completed at the Ellis Zone totalling 4,935 meters. Today’s release includes assay results for 6 new holes, making the total number of released holes 14. Drill hole lengths are usually 75 to 150 meters long and have been drilled in fan patterns of 12.5 to 25-meter grid spacing in order refine the geometry, geological controls and grade distribution better understand this promising new mineralized zone.

Mineralogy, veining and alteration at the main JT Deposit are similar to those located four km southwest. The main deposit has been defined from surface downward to a depth of 300 meters, with a strike length of 600 meters and an average true thickness of 40m.

Drilling has now defined the Ellis Zone mineralization over a strike length of approximately 125 meters and from surface to a depth of 100 meters with an average true thickness of 10 to 15 meters. An apparent shallow plunge to the southwest is now defined by the thickest and the greatest-grade intercepts, which suggest that there may be additional targets in this area. The Ellis Zone remains open along strike and at depth, as well as towards the east and west, and drilling continues in ever-increasing increments as confidence in the geologic model grows.

Figure 1: Johnson Tract Project. Source: HighGold Mining

Drill Highlights of the Ellis Zone, DC Prospect are as follows:

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)

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)

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)

Table 1. Johnson Tract Project – DC Prospect – Ellis Zone – Significant Assay Intersections

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 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.
Source: HighGold Mining

Yesterday, the expansion of the Timmins regional land holdings and the presentation of an exploration update on the Timmins properties were announced by HighGold Mining (TSXV:HIGH). The Company’s commanding land position has been increased by 25% thanks to recent claim staking and acquisition, bringing it to 335 square kilometres.

The new acquisition comprises of 255 strategically located mining claims covering 56 square kilometres (22 square miles), which connect to HighGold’s existing Timmins South mining claims and border Newmont’s Dome mine property, located seven kilometres to the northwest.

The Timmins South property is home to several high-grade gold occurrences. In the 1930s, a 12-meter shaft was sunk into a 1.37m wide quartz vein at the Bay Lake gold display, which produced composite samples of 150.8 g/t Au, 43.2 g/t Au and 35.17 g/t Au as well as historical grab specimens of 766.2 g/t Au and 229.7 g/t Au.

Drilling will be planned at a later date once the company’s exploration plans for the Timmins projects include low-cost field surveys to create and perfect drill targets. Under present market conditions, HighGold is taking a methodical capital expenditure approach with the goal of significantly advancing its understanding of prospects in preparation for drilling at a future date.

Geology mapping, prospecting, and rock sampling have been done at the Munro-Croesus and Timmins South projects. The emphasis has been on prospects with known historical exploration shafts and possible stratigraphy, as well as the findings achieved during the winter Munro Croesus drilling program.

At Munro-Croesus, a 63-line km DCIP ground geophysical survey was done during the winter, with modelling, inversion, and data interpretation continuing. Preliminary findings indicate numerous chargeability and resistivity anomalies that need to be investigated further, including chargeability highs that are close to, and in line with, the new Argus Zone.

An 85-line kilometre overwater seismic survey was recently completed on Frederickhouse Lake to map the depth of the sediment and bedrock, which will aid drill planning and interpretation of bedrock geology and structures. Frederickhouse Lake is a big, shallow (2-4 meters deep on average) man-made lake that straddles several promising geology prospects at the intersection of the Pipestone Fault and Timmins Mine trend. In summer or winter, drilling may be done by barge.

CEO of HighGold Darwin Green commented in a press release: “This acquisition builds on HighGold’s vision of creating one of the most dominant land positions in the Timmins gold camp. Our focus is underexplored portions of this world-class gold environment underpinned by high-potential geology. The Timmins assets provide shareholders with exposure to low-cost greenfield exploration in the shadow of headframes that is complimentary to the Company’s flagship Johnson Tract high-grade gold project, Alaska.”

Recap of 2022 Munro-Croesus Winter Drill Program and Final Drill Results

The 2022 Winter Drill Program at Munro-Croesus was completed in early April with a total of 7,401 meters drilled in 33 holes. Highlights include the discovery of near-surface bulk tonnage style gold mineralization at the new Argus Zone and the intersection of new high-grade quartz veins near the historic Croesus Gold Mine.

Argus Zone

  • 136m at 0.54 g/t Au, starting at a vertical depth of 70 meters, including 62.8m at 0.79 g/t Au, and including 4.5m at 4.88 g/t Au in MC22-110 (see Company news release dated May 9, 2022).
  • Five of six drill holes drilled at the Argus Zone intersected significant intervals of mineralization which is open to expansion in multiple directions, including to the west toward the intersection of the Argus Zone trend with the regional Pipestone Fault.

Croesus Vein Extension

  • 13.40 g/t Au over 0.5m within a broader 4.80m interval grading 3.60 g/t Au (hole MC22-96) from an intersection of the Croesus Vein, 100m northeast of the Croesus Mine (See Company new release dated March 20, 2022).
  • 14.00 g/t Au over 0.6m within a broader 2.60m interval grading 3.42 g/t Au (hole MC22-92) from a new quartz vein zone intersected 370m northwest of the Croesus Mine.
  • These discoveries are a ‘proof of concept’ of the Company’s geological and structural models which highlight the potential for the Croesus Vein system to continue to the northeast along a major regional structure, and also that the prospective Croesus Flow could host multiple analogues to the Croesus Vein along strike.

The Company has received all final assay results from the remaining 19 holes from the 2022 Munro-Croesus Winter Drill Program with encouraging results from the first-pass drilling of four other prospects. Highlights include:

Walhart Prospect

  • 0.29 g/t Au over 26.30m (hole MC22-99)
  • 6.00 g/t Au over 0.60m (hole MC22-100)

JM Prospect

  • 0.51 g/t Au over 5.00m (hole MC22-101)
  • 2.12 g/t Au over 1.50m (hole MC22-102)
  • 1.92 g/t Au over 0.80m (hole MC22-103)
  • 3.19 g/t Au over 0.30m (hole MC22-106)
  • 4.98 g/t Au over 0.30m (hole MC22-107)

#4 Shaft Vein Extension

  • 2.27 g/t Au over 0.3m (hole MC22-116)
  • 2.27 g/t Au over 0.4m (hole MC22-117)
  • 2.23 g/t Au over 0.5m within a broader ‘Argus-style’ 11.0m interval grading 0.69 g/t Au (MC22-119)

Brown-Munro Vein

  • 4.42 g/t Au over 0.7m within a broader 1.4m interval grading 2.42 g/t Au (hole MC22-122)

Source: HighGold Mining

 

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.

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