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HighGold Mining Inc.

HighGold is a well-financed exploration company focused on high-grade gold projects located in North America. HighGold's flagship asset, the Johnson Tract Gold (Zn-Cu) Project, is located in accessible south-central coastal Alaska and has an Indicated Resource of 2.14 Mt grading 10.93 g/t gold equivalent (AuEq) for 750,000 ounces AuEq and an additional Inferred Resource of 0.58 Mt grading 7.16 g/t gold equivalent for 134,000 ounces AuEq. Johnson Tract also has a 12-kilometer mineralized district of quality gold prospects. The company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada.

Expert Comments:

headshot of Jay Taylor

Jay Taylor, Hotline

"HighGold Mining Inc., which also is drilling a high grade deposit in Alaska, announced on July 28 that it closed a $13.8M upsized bought deal through the sale of 7,976,975 common shares at CA$1.73; the company had only 41.3M shares outstanding before this offering. With this closing, HighGold has CA$23M in working capital."

Jay Taylor, Hotline

"For now, the focus is on JT, where HighGold Mining Inc. just announced an increase of its 2020 drill program, to 15,000m. Weather conditions at JT make it difficult to explore much beyond early to mid-October; after that, the focus can turn to work in Timmins, where exploration can take place through the winter."

HighGold Mining announced that it has upsized its drill program to 15,000 meters and added a 3rd drill rig at its Johnson Tract Gold project in Southcentral Alaska.
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headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"The $12M bought-deal placement recently announced is allowing HighGold Mining Inc. to expand its JT drilling program from 7,00010,000m to 15,000m. The expansion includes the mobilization of a third rig to the project that will support simultaneous drilling on multiple target areas; with the additional rig, the company can follow up on good results from any given area more readily. . .News of the program at JT added almost $0.40 to the company's share price yesterday, as investor excitement over drill results from this year's field season in the Far North reaches a fever pitch."

Jay Taylor, Hotline

"HighGold Mining Inc. is starting to drill on its Johnson Tract project in South Central Alaska; phase 1 of the program plans for 7,00010,000m. Like the Grand Portage Resources story in Alaska, the company will be drilling to expand its existing resource, which is already 750 Koz grading 10.93 g/t. . .this is another exciting drill program you need to watch as this year progresses."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"HighGold Mining Inc. effectively tripled the Munro-Croesus property boundary last week with the acquisition of 3 sq km of surrounding and adjacent claims and leases; the property now spans 12 sq km and ties up a healthy portion of the Pipestone Break structure in the Timmins Camp. The company added the land package in exchange for the issuance of 200,000 HighGold shares valued at $475K."

Gwen Preston, The Maven Letter

"HighGold Mining Inc. announced a bought-deal financing on Monday. Originally slated to raise $8M, the deal was upsized almost immediately to $12M. . .the deal is a good confirmation of the intensity of investor excitement in this bull market."

More Expert Comments

Experts Following This Company

headshot of Eric Coffin
Eric Coffin, Owner – HRA Journal
headshot of Joe Mazumdar
Joe Mazumdar Exploration Insights
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
High grade gold 43-101 compliant resource
Well-financed (C$24 million on hand as at July 28, 2020
Safe and reliable jurisdiction south central coastal Alaska
catalyst Calendar
15,000m drill program, Alaska 1st results mid-Aug