Highgold Mining drills 14.3 g/t AuEq over 14.8 metres at Johnson Tract, Alaska

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Highgold Mining Inc. [HIGH-TSXV; HGGOF-OTCQX] reported assay results from six additional drill holes testing the new Ellis Zone at the Difficult Creek Prospect (DC), located 4 km northeast of the 100%-owned 1.05 Moz indicated at 9.4 g/t gold equivalent (AuEq) JT Deposit (3.0 g/t AuEq cut-off grade).

Difficult Creek is one of several district-scale prospects being explored by Highgold on the Johnson Tract project in Southcentral Alaska, USA.

Ongoing diamond drilling continues to focus on the Ellis Zone where step-out drilling on 25-metre centres has returned strong mineralization west and down-dip of recently released hole DC22-043 with 21.68 g/t gold, 30 g/t silver, 0.61% copper, 4.20% zinc over 11.9 metres. The new intersections have expanded the footprint of the wide, high-grade Ellis Zone mineralization by nearly 50% and the zone remains open in all directions.

Drill Highlights of the Ellis Zone, DC Prospect: Drillhole DC22-046 returned 14.8 metres of 10.14 g/t gold, 13.8 g/t silver, 0.28% copper, 5.97% zinc (14.3 g/t AuEq), including 6.8 metres of 21.29 g/t gold, 25.1 g/t silver, 0.55% copper, 0.61% lead, 10.70% zinc (28.7 g/t AuEq), including 1.5 metres of 62.50 g/t gold, 10.5 g/t silver, 0.77% copper, 0.59% lead, 10.59% zinc (70.0 g/t AuEq).

Drillhole DC22-045 returned 35.2 metres of 4.2 g/t Au, 6.1 g/t Ag, 0.12% Cu, 1.40% Pb, 3.19% Zn (6.7 g/t AuEq), including 1.9 metres of 12.95 g/t Au, 37.7 g/t Ag, 13.51% Pb, 31.42% Zn (36.2 g/t AuEq); 13.3 metres of 7.81 g/t Au, 6.4 g/t Ag, 0.23% Cu, 1.31% Pb, 2.35% Zn (10.0 g/t AuEq).

Drillhole DC22-044 returned 20.3 metres of 1.72 g/t Au, 5.6 g/t Ag, 0.14% Cu, 1.46% Zn (2.9 g/t AuEq), including 2.0 metres of 8.34 g/t Au, 8.9 g/t Ag, 0.41% Cu, 4.00% Zn (11.5 g/t AuEq).

“The Ellis Zone discovery continues to deliver excellent results with some of the strongest and widest intersections to date coming from the western limit of our drilling,” commented Darwin Green, CEO. “We are very encouraged by the persistence of the Ellis Zone mineralization along strike and plan to keep stepping out in all directions as we continue expanding the known extents of the zone. While still very early days, it appears we are well on our way to defining a second deposit at Johnson Tract to complement the existing high-grade +1Moz JT Deposit mineral resource that is also open to expansion.”

The DC Prospect is located 4 km northeast of the JT Deposit and is characterized by a series of large gossan alteration zones similar in style to the +1Moz AuEq JT Deposit that collectively extend over a 1.5 km x 3.0 km area in a broad northeasterly trend.

To date, a total of 36 drill holes for 4,935 metres have been completed at the Ellis Zone since the start of the summer season.

Drilling to date has now defined the Ellis Zone mineralization over a strike length of approximately 125 metres and from surface to a depth of 100 metres with an average true thickness of 10 to 15 metres.

The 2022 Drilling and Exploration Program includes diamond drilling (two rigs), geological mapping, geochemical sampling, airborne drone-magnetic geophysical surveying, preliminary environmental and engineering baseline studies, and general JT camp improvements. Drilling is expected to wrap up in mid to late-October with a total of 10,000 to 11,000 metres completed. To September 23, a total of 8,230 metres have been completed in 47 holes (36 at the DC prospect, six at the Milkbone prospect, one at the Kona prospect, and four at the JT Deposit area). For the remainder of the drill program one drill rig will continue to focus on expanding the Ellis Zone while the second drill rig will test important resource growth targets at the main JT Deposit, one of the other core priorities for the 2022 drill season.

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