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News Update


Explorer Starts, Expands Drilling at Timmins Camp Project
News Update

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HighGold Mining plans to drill 3,500 meters at its Munro-Croesus and Golden Mile properties.

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.

HighGold Mining Inc. (HIGH:TSX.V; HGGOF:OTCQX) started a 3,500 meter drill program at its Munro-Croesus and Golden Mile properties in Ontario's Timmins Camp, it announced in a news release.

"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.


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.
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