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'Drilling Continues to Expand Mineralization' at Alaska Project

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Source: Streetwise Reports   10/26/2020

HighGold Mining’s recent drill results and current and next drill campaigns are reviewed in a Haywood report.

In an Oct. 15 research note, Haywood analyst Kerry Smith reported that “resource expansion drilling at HighGold Mining Inc.’s (HIGH:TSX.V; HGGOF:OTCQX) main Johnson Tract deposit continues to deliver high-grade mineralization in stepout holes outside of the main resource area.”

Smith reviewed the latest drill results from JT, including those from four more stepout holes of 50 meters (50m) or less. The aim of this drilling was to expand the northeast side of the deposit. Hole JT-096 returned 11.5 grams per ton (11.5 g/t) gold, 4 g/t silver, 0.5% copper and 3.1% zinc over 20.1 meters. Hole JT-095 demonstrated 10.35 g/t gold, 4.9 g/t silver, 0.51% copper, 9% zinc and 0.01% lead over 4.2m.

Other new results are from the copper discovery in the JT deposit’s footwall. Highlights of those include 2.7% copper, 1% zinc and 34 g/t silver over 14.2m, in hole JT20-096, a 45m stepout. “This footwall zone adds potential for good byproduct credits,” Smith noted.

Assays are pending for 22 more holes drilled at the JT deposit and its footwall.

A third set of assays comes from the first two of eight holes drilled at the Northeast Offset target, 500–800m to the northeast of the JT deposit. These “interesting” results, as Smith described, include 15.2% copper, 173 g/t silver and 0.8 g/t gold over 1.2m at 794m downhole, in hole JT20-094.

Smith highlighted that HighGold’s planned 2020 drill program at JT was for 15,000 meters, and to date it completed 14,000 meters. However, the company just expanded the campaign to 17,000 meters. It is still drilling now with three rigs and likely will keep drilling through the fall, weather permitting.

HighGold also has been preparing for its 2021 campaign by working to develop additional targets at other prospective areas on the property, indicated Smith. Those efforts have included completing of 1,200 soil and silt samples, taking 600 rock samples and conducting a geophysical survey of the Difficult Creek and Kona Prospect areas.

HighGold’s stock is currently trading at about CA$2.15 per share. Haywood does not have a rating or target price on HighGold.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: HighGold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from Haywood Securities, HighGold Mining Inc., October 15, 2020

Analyst Certification: I, Kerry Smith, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations.

Important Disclosures
Of the companies included in the report the following Important Disclosures apply:
▪ The Analyst(s) preparing this report (or a member of the Analysts’ households) have a financial interest in HighGold Mining (HIGH-V).
▪ As of the end of the month immediately preceding this publication either Haywood Securities, Inc., one of its subsidiaries, its officers or directors beneficially owned 1% or more of HighGold Mining (HIGH-V).
▪ Haywood Securities Inc. or one of its subsidiaries has managed or co-managed or participated as selling group in a public offering of securities for HighGold Mining (HIGH-V) in the past 12 months.
▪ Haywood Securities Inc. or one of its subsidiaries has received compensation for investment banking services from HighGold Mining (HIGH-V) in the past 12 months.

Research policy is available here.

( Companies Mentioned: HIGH:TSX.V; HGGOF:OTCQX, )



Source: https://www.streetwisereports.com/article/2020/10/26/drilling-continues-to-expand-mineralization-at-alaska-project.html


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