Announcement Date: 2022-07-12
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: HighGold Mining Inc.
Project name: Johnson Tract
Location: United States
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – July 12, 2022 – HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to announce an updated NI43-101 mineral resource estimate (“MRE”) for the Johnson Tract Deposit (“JT Deposit”) at the Company’s Johnson Tract polymetallic Gold Project (“Johnson Tract”, “JT” or the “Project”) located in coastal Southcentral Alaska, USA. The updated MRE (previous estimate Q2-2020) is based on new diamond drilling completed by the Company in the second half of 2020 and 2021 (Table 1 and Figure 1). Mineralization at the JT Deposit forms a roughly tabular silicified body that contains a stockwork of quartzsulphide veins and breccia surrounded by a widespread zone of anhydrite alteration. The JT Deposit is hosted by andesite to dacite volcaniclastic rocks. A robust geological model has been developed for the JT Deposit based on 120 drill holes, detailed surface mapping, a well archived and high-quality database, extensive re-logging and re-sampling of historic drill core, and drilling by HighGold since 2019. A total of 57 holes (26,364 meters) were completed in the JT Deposit environment by HighGold since the resource was reported in the second quarter of 2020, including 35 holes (15,128 meters) within the MRE. The mineral resource block model is constrained by three dimensional (3D) geologic wireframes, constructed by Nathan Steeves, PhD, Chief Exploration Geologist, and reviewed by QP Ian CunninghamDunlop, P.Eng., Senior Vice President, Exploration.
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