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HighGold Mining inks exploration agreement with Matachewan and Mattagami First Nations in Ontario’s Timmins area

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HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) revealed that it has struck an exploration agreement with the Matachewan First Nation and Mattagami First Nation in the Timmins area, which is one of the richest mineral producing areas in Ontario. 

The well-funded Vancouver-based mineral exploration company said that the purpose of the exploration agreement is to promote a “cooperative, collaborative and mutually respectful relationship” in relation to HighGold’s exploration activities in areas where the two First Nations’ members exercise aboriginal rights. 

“We are delighted to formalize the positive working relationship established between HighGold and the neighboring First Nation communities of Matachewan and Mattagami,” HighGold Mining CEO Darwin Green said in a statement. 

READ: HighGold Mining receives C$1.9M from the exercise of warrants held by strategic investors

“The exploration agreement reflects HighGold’s commitment to respectful engagement and responsible stewardship, with a mission to benefiting the regions in which we operate.”

On a more solemn note, Green said that the management team is “deeply saddened” by the sudden passing of “our good friend and colleague” Terry Bursey.

“Terry, a long-time resident of Red Lake, Ontario and President of Rimini Exploration & Consulting, was a major force in the northern Ontario mining community and has been intimately involved with HighGold’s First Nation engagement and exploration agreement efforts,” said Green. “She will be greatly missed.”

HighGold owns 100% of each of its three Timmins properties, which include Munro-Croesus, Golden Mile and Golden Perimeter. Collectively, the properties total more than 240 square kilometers (km), representing one of the larger land positions held by a junior gold miner within the Timmins gold camp.

The Munro-Croesus Gold project is 75km east of Timmins, around 2km northwest and along trend of Mayfair Gold’s multi-million-ounce Fenn-Gib gold deposit. In 2020, HighGold embarked on consolidating the patchwork of underexplored patented and unpatented mining claims surrounding the high-grade Croesus Mine, where mining occurred intermittently between 1915 and 1936. To date, HighGold has completed ten separate land deals in pursuit of this goal.

Meanwhile, the Golden Mile 90-square-km property is located 9km northeast of Newmont’s multi-million-ounce Hoyle Pond deposit in Timmins covering an underexplored segment of the Pipestone fault. Finally, the company’s Golden Perimeter 118-square-km property in the Timmins is located on the south edge of the Shaw Dome structure in a prospective nickel belt.

“Both the Golden Mile and Golden Perimeter properties are covered under the recently signed exploration agreement, with First Nation engagement ongoing for the Munro-Croesus property,” said the company.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors


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