Announcement Date: 2022-05-09
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: HighGold Mining Inc.
Project name: Munro-Croesus
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 136m @ 0.54g/t Au from 70m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – May 9, 2022 – HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to report ongoing assay results from the 2022 Winter Drill Program (the “Program”) at its Munro-Croesus project (the “Project”) located in the Timmins Gold Camp, Ontario, Canada (Figure 1). First pass drill testing by the Company of the new Argus Zone on the western side of the Project, 3km from the historic Croesus Mine, has successfully intersected wide intervals of gold mineralization in the first two drill holes. These results, which are from immediately north of the regional gold-bearing Pipestone Fault, represent a new discovery of bulk-tonnage style gold at Munro-Croesus. The Munro-Croesus Project is located along Highway 101 in the heart of the Abitibi greenstone belt, Canada’s premier gold mining jurisdiction (Figure 1). Extensive land consolidation by the Company in 2020-2021 unified the patchwork of patented and unpatented mining claims surrounding the Croesus Gold Mine into one coherent package and enhanced the exploration potential of the Project. The Project covers 51 km2 (20 mi2 ) of highly prospective geology within the influence of major gold-bearing structural breaks. Bulk-tonnage gold deposits located in the immediate region include the Fenn-Gib Gold Project being developed by Mayfair Gold Corp. that contains an Indicated Resource of 2.1 Moz at 0.92 g/t Au and an Inferred Resource of 75 koz at 0.62
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