First pass drill testing by the Company of the new
Highlight Drill Hole Results from the new
Drill Hole MC22-110
Upper Intersection of 26 meters at 0.51 g/t Au, starting at a vertical depth of 6 meters
Lower Intersectionof 136 meters at 0.54 g/t Au, starting at a vertical depth of 70 meters, including 62.8 meters at 0.79 g/t Au, including 4.5 meters at 4.88 g/t Au
Drill Hole MC22-109
Near surface intersection of 37.4 meters at 0.27 g/t Au, starting at a vertical depth of 2 meters
'We are excited to intersect such wide intervals of gold mineralization in our first two drill holes at the new
Discussion of Results for the
Drill holes MC22-109 and 110 tested a broad zone of surface mineralization along an interpreted splay to the Pipestone Fault in an area of encouraging rock geochemistry, historical trenching and limited 1990s era drilling by a former operator, consisting of eight (8) shallow holes (1,236 meters). Limited and selective historical drill core sampling yielded promising gold assays but failed to recognize the widespread extent of gold mineralization and the bulk-tonnage potential of the prospect. Both drill holes reported herein intersected wide zones of near surface gold mineralization highlighted by 62.8 meters at 0.79 g/t within 136.0 meters at 0.54 g/t Au in MC22-110. These results represent a new discovery of bulk-tonnage style gold at the
The new
Results released today include those from drill holes MC22-109 and MC22-110 which were drilled at 314 degrees azimuth along the same geological cross-section at a spacing of 50 meters. The holes were designed to test the concept of a northeast-striking zone of gold mineralization along a splay to the regional Pipestone Fault, an attractive setting for gold mineralization within the
2022 Winter Drill Program
The 2022 Winter Drill Program was completed in early April with a total of 7,401 meters drilled in 33 holes. Assay results have now been reported for nine (9) drill holes with results for 24 drill holes currently pending.
About
HighGold owns 100% of each of its three
About HighGold
HighGold is a well-funded mineral exploration company focused on high-grade gold projects located in
Contact:
Web: www.highgoldmining.com
Forward looking statements
This news release includes certain 'forward-looking information' within the meaning of Canadian securities legislation and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively 'forward looking statements'). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's currently ongoing drill program and pending assays are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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