Vancouver - HighGold Mining Inc. (TSX-V: HIGH, OTCQX: HGGOF) ('HighGold' or the 'Company') is pleased to announce very encouraging results for reconnaissance surface exploration sampling and drilling at the Johnson Tract project in Southcentral Alaska, USA.
Results are presented herein for the Milkbone, greater Difficult Creek ('DC'), Easy Creek ('EC') and Kona regional prospects that are located within the northern half of the Project area and 2 to 7 km on trend from the 0.75 Moz indicated 10.9 g/t gold equivalent ('AuEq') JT Deposit mineral resource.
'We are seeing encouraging results across the length and breadth of the property and believe that systematic exploration will continue to generate new discoveries at Johnson Tract,' commented President and CEO Darwin Green. 'The geological setting that was permissive in developing exceptional precious metal grades at the JT Deposit appears to extend across the greater property. This thesis is supported by HighGold's DC discovery hole which ranked #3 on the Opaxe global list of Top 10 Drill Holes of the Year. This is the second time in three years that Johnson Tract has made the Top 10 best drill intersections list, placing #7 in 2019 in the Company's first drill program and only narrowly missing the list in 2020.'
'With approximately $23M in the treasury, HighGold is well funded to drill these new discovery-stage targets in 2022 while also following up on the highly successful 2021 drill program at Middle DC. We also look forward to completion of an updated mineral resource estimate for the JT Deposit that is due within the next three months and continuing with deposit expansion drilling as part of the greater 2022 exploration program.'
New Regional Target Discovery Highlights
HighGold completed geological mapping, geochemical sampling and geophysical surveys in 2021 concurrent with the resource expansion drill program with the objective of assessing the potential for new zones of high-grade mineralization across the district-scale property. The work successfully outlined multiple priority target areas for future drilling related to the prospective 6-km long regional Milkbone Fault system while also advancing the geological knowledge base for the Project. An initial phase of scout drilling at Difficult Creek was also completed, with the balance of remaining results reported herein (10 holes). In addition to the discovery of bonanza-grade mineralization at the Middle DC target area (as previously reported) the drilling provided critical data for vectoring and prioritizing targets as we advance this exciting new target area.
The Milkbone prospect and the +1 km corridor between it and the bonanza-grade drill hole DC21-010 intercept at the Middle DC prospect to the northeast has emerged as a priority target area for the Company with strong supporting surface geochemistry, including soils up to 8.3 g/t Au and rock samples up to 184 g/t Au (representing the highest-grade soil and rock samples within the entire Johnson Tract surface database). The regional Milkbone fault transects this target area and both it and related subsidiary faults appear to have an important control on mineralization and will be drill tested for the first time during the 2022 field season.
The Milkbone fault is also associated with gold mineralization at the Easy Creek prospect, located 6 km north of DC, where a large (1.5 x 2 km) and strong IP chargeability anomaly has been defined that is coincident with anomalous soil geochemistry, rock samples up to 29 g/t Au, large-scale hydrothermal alteration and a circular magnetic anomaly (associated with an intrusive plug). Taken collectively, these multiple layers of supporting data significantly enhance the priority of Easy Creek targets. The Kona prospect, bearing a similar geophysical signature to Easy Creek, is located somewhat lower stratigraphically than DC and the JT Deposit and may represent a portion of the deeper roots of the large-scale Johnson Tract mineralized system.
About the Johnson Tract Project
The JT Deposit hosts an Indicated Resource of 2.14 Mt grading 10.93 g/t gold equivalent ('AuEq') comprised of 6.07 g/t Au, 5.8 g/t Ag, 0.57% Cu, 0.80% Pb and 5.85% Zn. The Inferred Resource of 0.58 Mt grading 7.16 g/t AuEq is comprised of 2.05 g/t Au, 8.7 g/t Ag, 0.54% Cu, 0.33% Pb, and 6.67% Zn. Assumed metal prices for the Resource are US$1350/oz for gold (Au), US$16/oz for silver (Ag), US$2.80/lb for copper (Cu), US$1.00/lb for lead (Pb), and US$1.20/lb for zinc (Zn) and are based on nominal 3-year trailing averages as of April 1, 2020. Historical metallurgical testing on drill core samples has indicated that good gold and base metal recoveries and marketable concentrates can be expected.
About HighGold
HighGold is a mineral exploration company focused on high-grade gold projects located in North America. HighGold's flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in accessible Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties. HighGold's experienced Board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.
Contact:
Darwin Green
Tel: 1-604-629-1165
Email: information@highgoldmining.com.
Web: www.highgoldmining.com
HIGHGLD MNG 
