Editor's note: an earlier version of this article miscategorized channel sample assays as drill assays and did not mention that the drilling would be taking place at Golden Mile in addition to Munro-Croesus. We apologize for the error.
"The Program follows-up and expands upon the Company's drill program that was suspended mid-March in response to COVID-19," the company stated in the release.
The Vancouver-headquartered company carried out a prospecting and mapping program at Munro-Croesus, "followed by mechanical stripping, power washing and channel sampling of gold-bearing quartz vein systems."
Targets will include several vein prospects outside of the historical Croesus mine area that have never been drilled before, the company reported.
Highlight assays from channel samples at Munro-Croesus include 11.24 grams per ton gold (11.24 g/t Au) over 1.855m, 17.05 g/t Au over 0.8m and 8.42 g/t Au over 1.5m.
Also, HighGold Mining recently expanded, through staking and acquisitions, its Munro-Croesus land package to five times the size, taking it to a total of 1,968 hectares.
"The acquisitions have consolidated a previously fragmented and underexplored package of highly prospective ground within the influence of the Pipestone Break, a regional fault system that is host to gold deposits throughout the Timmins Gold Camp," the release noted.
Read what other experts are saying about:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: HighGold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.