Darwin Green, President and CEO of HighGold Mining Inc (TSXV: HIGH) (OTCQX: HGMIF), joins us for a Company introduction to the Johnson Tract Gold-Zinc-Copper Project and the emerging Ellis Zone in Southcentral Alaska, USA.
We start off by reviewing how this company came together in 2019, and how the prior exploration work has delineated a resource at the JT Deposit of 1.05 Million ounces @ 9.4 g/t AuEq Indicated (40m true width), with 0.11 Million ounces @ 4.8 g/t AuEq Inferred resources. The company just completed an 8,000 meter drill campaign which included some geotech holes into the JT Deposit, and exploration holes testing along strike and at depth.
In addition to about half the program being focused on testing the newly emerging second area called the Ellis Zone. On Sept. 6th news was announced on the first 2 holes from this year’s program from the Ellis Zone, with assays returning 2.2 m at 57.0 g/t AuEq (49.9 g/t Au, 25 g/t Ag, 1.5% Cu, 8.4% Zn) in hole # DC23-070, including 1.1 m at 80.5 g/t AuEq, (71.40 g/t Au, 29.7 g/t Ag, 1.5% Cu, 11.7% Zn). The company plans to release a resource estimate on this new zone later in the year.
We have Darwin provide a big-picture look at how they envision this Project developing moving forward, as they continue to derisk it with metallurgical work, road permitting to compliment existing infrastructure, and they are seeking to build an underground exploration ramp to more effectively drill at depth and potentially utilize this in a scenario for direct shipment of ore in the future.
Another key catalyst for the Company was the spinning out of their earlier-stage exploration properties in the Yukon and in Timmins, Ontario into Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF). We cover the rationale here to daylight value in this new exploration company, and how it also benefits HighGold shareholders with the 12% equity interest they maintained in Onyx Gold.
We wrap up having Darwin share his background in the mining industry, and highlight some of the key members of the management team, the board of directors, key strategic shareholders, and the Company financial overview.
If you have any more questions for Darwin regarding HighGold Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
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