HighGold drills 56.6 metres of 18.7 g/t gold at Johnson System, Alaska; shares up

HighGold Mining Inc.[HIGH-TSXV; HGGOF-OTCQX] reported assay arise from the continuing 2021 drill program at its 100%- owned 750,000- ounce suggested 10.9- g/t gold equivalent (AuEq) Johnson Tract polymetallic gold job in south-central Alaska.

Hole JT21-125 is an infill hole created with the double function of gathering product to support a Phase I metallurgical screening program and to offer much better meaning of the much deeper, higher-grade part of the JT Deposit. The hole effectively converged a long period of gold-dominant mineralization with substantially greater gold grade than the average of the JT Deposit resource. Real density of the JT Deposit usually varies from 20 to 50 metres and in the JT21-125 crossway is over 35 metres.

Drill hole JT21-125 returned 18.69 g/t gold, 2.43%zinc, 0.47%copper over 56.6 metres, consisting of 31.69 g/t gold, 1.82%zinc, 0.58%copper over 32.9 metres, consisting of 2 top-quality periods of 64.74 g/t gold, 1.49%zinc, 0.53%copper over 5.0 metres and 114.37 g/t gold, 3.51%zinc, 0.33%copper over 4.9 metres.

” We are really delighted to report this brand-new obstruct from the much deeper reaches of the JT Deposit that validates the strength of the mineralizing system,” commented President and CEO Darwin Green. “In mix with the current drill arises from the DC Prospect 4km to the northeast, the Johnson Tract Project continues to develop itself as one of the pre-eminent state-of-the-art gold expedition jobs situated in the USA.”

Blue Coast Metallurgy & Research has actually been engaged to perform a Phase I metallurgical testwork program on the JT Deposit utilizing picked drill core from the 2021 drill program. The program will finish test work to verify historical metallurgical outcomes reported by previous operators and recognize possible chances for enhancement; and advance the metallurgy to support prospective future PEA-level procedure style.

The Program will consist of QEMSCAN mineralogical research studies, recognition of prospective geometallurgical domains, grindability/gravity/flotation test work, and the advancement of a flowsheet for healing of pay metals to valuable final product. 2 composites are presently being thought about from the upper and lower JT Deposit domains, and possibly a 3rd composite from the Footwall Copper Zone. Drill hole JT21-125 reported in this press release is from the lower JT Deposit domain, situated at a much deeper level within the deposit.

Three diamond drill rigs are presently running on the job in performance with a local geological mapping and geochemical tasting program, air and ground-based geophysical surveying, and a Phase I metallurgical tasting program.

The present stage of drilling is arranged to conclude on or prior to month end. An upgraded mineral resource quote is prepared for the JT Deposit in early 2022, following the conclusion and invoice of all assays from the 2021 drill program. The brand-new resource price quote will include brand-new drilling finished in 2020 and2021 Over 30,000 metres have actually been drilled on the Project because the maiden resource.

In early trading on October 13, HighGold shares got $0.11 to $1.80 on a volume of 1,043,000 shares traded.