HighGold Mining hails results from infill hole at JT project in Alaska, which underscores mineralized system

HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc told investors it had hit high gold grades with an infill hole at its JT polymetallic gold project, underscoring the potential of the Alaska asset.

The drill hole was sunk with two goals in mind. Firstly, to collect material to support a Phase I metallurgical testing program and to better define the deeper, higher-grade portion of the JT deposit.

The JT deposit already hosts a high-grade indicated resource of 2.14 million tonnes (Mt) grading 10.93 grams per ton (g/t) of gold equivalent.

Highlights assays from the hole included 18.69 g/t gold, 2.43% zinc, 0.47% copper over an intercept of 56.6 meters (m) starting from a depth of 236.7m, which included a length at 32.9m (starting from 260.4m), grading 31.69 g/t gold, 1.82% zinc, 0.58% copper.

READ: HighGold Mining announces “game-changing” drill results from its Difficult Creek Prospect in Alaska

“We are very pleased to report this new intercept from the deeper reaches of the JT Deposit that confirms the strength of the mineralizing system,” said CEO Darwin Green in a statement.

“In combination with the recent drill results from the DC Prospect 4km to the northeast, the Johnson Tract project continues to establish itself as one of the pre-eminent high-grade gold exploration projects located in the USA.”

HighGold noted that this hole had hit a “long interval of gold-dominant mineralization with significantly higher gold grade than the average of the JT Deposit resource”.

The true thickness of the JT deposit typically ranges from between 20m and 50m but in this hole, the intersection was over 35m, the firm highlighted.

Also in the statement, the company said it had hired Blue Coast Metallurgy & Research to carry out a Phase I metallurgical testwork program on the JT deposit using selected drill core from the 2021 drill program.

At the JT project, three diamond drill rigs are currently operating in concert with regional geological mapping and geochemical sampling, air and ground-based geophysical surveying, and Phase I metallurgical sampling.

HighGold said an updated resource estimate was planned in early 2022, following receipt of all assays from the 2021 drill program, which will incorporate new drilling completed in 2020 and 2021. Over 30,000 meters have been drilled on the project since the maiden resource.

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