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News Update

TICKERS: HIGH; HGGOF

Explorer Strikes 11.5 g/t Gold Over 20.1m in Stepout Drilling at Alaska Property
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HighGold Mining reported high-grade results from stepout drilling at its Johnson Tract Project.

High Gold Johnson Tract

In a news release, HighGold Mining Inc. (HIGH:TSX.V; HGGOF:OTCQX) announced additional assay results from its ongoing 15,000 meter drill program at its Johnson Tract Gold Project in southcentral Alaska.

The firm advised that the results reported in this news release are for new drill holes at the main JT Deposit, the deeper Footwall Copper Zone and the Northeast Offset Target. The company provided details of the results from four new drill holes that included several wide intervals of high-grade gold.

The first two holes were drilled at the company's JT Deposit where hole JT20-096 delivered results of 20.1 meters at 11.5 g/t gold, 4 g/t silver, 0.5% copper and 3.1% zinc (14.1 g/t Au eq.). The firm highlighted that these results included 4.0 meters at 43.7 g/t gold (45.2 g/t Au eq) and 15 meters of 15.4 g/t gold (17.6 g/t Au eq). Hole JT20-095, a second hole at the JT Deposit, returned 41.0 meters at 1.8 g/t gold, 6 g/t silver, 1.0% copper, 3.8% zinc and 0.3% lead (5.9 g/t Au eq).

At the company's Footwall Copper Zone, the firm reported results from hole JT20-096, which returned 14.2 meters at 2.7% copper, 1.0% zinc, 34 g/t silver, and 11.9 meters at 1.8% copper, 0.9% zinc and 38 g/t silver. The company noted that this hole is a 45-meter stepout from last year's discovery.

HighGold Mining's President and CEO Darwin Green remarked, "Resource expansion drilling at the main JT Deposit continues to deliver solid results of high-grade mineralization in these step-outs...We are equally pleased with the emergence of a significant thick zone of copper-silver rich mineralization in the footwall to the JT Deposit, in drilling done to follow up on last year's late season discovery. With only 6 holes reported so far for the 2020 Program initial results reveal promising developments at each of the priority target areas, including at the earlier stage Northeast Offset target. Three drills continue to test these targets in addition to surface crews advancing our regional exploration prospects."

The company stated that so far it has completed about 14,500 meters of drilling in 28 drill holes and it has received partial or fully completed assays for 6 of those 28 holes. The firm noted that it currently has three active drill rigs on site and because of positive results achieved it is increasing the current drill program to 17,000 meters.

The company indicated that the Northeast Offset Target is located 500-800 meters northeast of the JT Deposit and constitutes approximately one-third of total scheduled drilling. The firm stated that eight holes have been completed at this area and to date it has received assay results for the first two holes. The company stated that significant assay results from drill hole JT20-094 include 1.2 meters at 15.2% copper, 173 g/t silver, and 0.8 g/t gold (24.5 g/t AuEq).

In addition to the work being conducted at the JT Deposit, Footwall Copper Zone and Northeast Offset Target, the company noted that it has carried out a large-scale regional reconnaissance program throughout the 8,513 hectare property. The firm advised that the results from this work will be used in planning prospective sites for testing and drilling in its 2021 drill program.

The company pointed out that the Johnson Tract project is situated in southcentral Alaska close to tidewater, and that the project includes 10 or more prospects including the high-grade JT Deposit along a 12-km strike length. HighGold stated that as it has reported in a technical mineral resource report in June 2020, "the JT Deposit hosts an Indicated Resource of 2.14 Mt grading 10.93 g/t Au eq comprised of 6.07 g/t Au, 5.8 g/t Ag, 0.57% Cu, 0.80% Pb and 5.85% Zn and an Inferred Resource of 0.58 Mt grading 7.16 g/t Au eq comprised of 2.05 g/t Au, 8.7 g/t Ag, 0.54% Cu, 0.33% Pb and 6.67% Zn."

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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