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HighGold Mining Reports Encouraging Results from Ontario Drill Program

Mining News - Published on Thu, 21 May 2020

Image Source: HighGold Mining
HighGold Mining Inc announced positive drill results from the first half of the 2020 drill program on its gold projects located in the Timmins gold camp, Ontario. Twelve drill holes for 2,524 meters of diamond drilling were completed at the Munro-Croesus and Golden Mile properties prior to the Program being suspended due to COVID-19 restrictions. The Company intends to complete the remaining 2,500 meters of planned drilling later this year.

Munro-Croesus Highlights

Croesus-like vein intersected 80-meters southeast of the shaft returning 29.1 grams per tonne gold ("g/t Au") over 0.30 m at a downhole depth of 90.7 meters in hole MC20-33

The observed vein in MC20-33 was 30-meters down-dip of historic drill intersections of 76.42 g/t Au over 0.10 meters and 69.59 g/t Au over 0.15 meters that collectively define a well mineralized vein structure with similar orientation to the main Croesus vein located on the north side of the Croesus fault.

Hole MC20-33 is the only completed and sampled hole of the 2020 program to have tested this vein structure, which may represent the fault offset equivalent of the mined-out Croesus vein. Future drilling will test areas where this vein has the potential to expand into wider, bonanza-grade type mineralization for which the mine was known.

Two of the six holes completed at Munro-Croesus were unable to be logged or sampled prior to the COVID-19 shutdown; this work will be completed when it is practical to do so.

Golden Perimeter Highlights

Reconnaissance-style drilling at the Company's first exploration program at Golden Perimeter has identified widespread gold mineralization over an 850-meter long trend consisting of gold ± silver bearing quartz veins in a variable altered and pyritic monzonite intrusion, including:

10.30 g/t Au and 42.80 g/t Ag over 0.2 meters
2.30 g/t Au over 0.9 meters
0.50 g/t Au over 4.7 meters
4.04 g/t Au over 0.3 meters
4.82 g/t Au and 57.50 g/t Ag over 0.3 meters

Source :

Posted By : Yogender Pancholi on Thu, 21 May 2020
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