HighGold Mining expands drill area for Johnson Tract in Alaska

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) has expanded the size of the planned drill program at the Johnson Tract (JT) polymetallic gold project southwest of Anchorage, Alaska. 

The explorer said it will increase the program to 20,000 meters (m), a 25% uptick from the previously planned 16,000m. This will be the largest exploration effort in the flagship project’s history. 

Two drill rigs commenced work at the JT deposit this week, with one rig positioned at the DC prospect. The precious metals company plans to focus 50% -70% of its current efforts on the JT deposit area, and the remaining 30% -50% on other regional prospects. 

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The ultimate goal of the 2021 drill program will be the increase of the JT deposit and making new discoveries within the Johnson district.  The JT deposit will be expanded along strike and down-plunge in nominal 100m step-outs from the 750,000-ounce (oz) at 10.9 grams per ton (g/t) gold equivalent indicated mineral resource.

There will also be an emphasis on definition drilling and metallurgical work as part of the future mineral resource update. The larger JT project contains the high-grade Johnson Tract deposit and at least nine other mineral prospects over a 12-kilometer strike length.

“It feels great to have the drills turning again at Johnson,” Darwin Green, president and CEO of HighGold said in a statement.

He added: “During the off-season, our geological team developed and refined a large number of high-quality drill targets that we are eager to pursue. The upsized program allows us to more aggressively test these target areas, particularly amongst the regional prospects, most of which are being drill-tested for the very first time.”

HighGold will also target the Footwall copper zone with step-outs, the GAP target northeast of the JT deposit and the New 2020 VMS zone, which returned positive intercepts last year.  Additionally, several prospect zones will be tested, including DC, Milkbone and Kona.

An initial mineral resource estimate from June 2020, assessed the project with an indicated resource of 2.14 million tons grading 10.93 g/t gold equivalent comprised of 6.07 g/t gold, 5.8 g/t silver, 0.57% copper, 0.80% lead and 5.85% zinc.

HighGold will fund the expansion and ongoing exploration with proceeds raised from recently exercised warrants. 

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Story by ProactiveInvestors