13.40 g/t Gold over 0.5 meters in Croesus Vein Extension & 14.00 g/t Gold over 0.6 meters in New Parallel Vein
HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to report assay results for the first seven (7) holes from the 2022 Winter Drill Program (the “Program”) at its Munro-Croesus project (the “Project”) located in the Timmins Gold Camp, Ontario, Canada (Figure 1). The planned 8,000-meter Program is the largest to date on the Project and continues to test targets proximal and distal to the past producing Croesus Mine, along with a variety of new targets on the greater consolidated land position.
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Figure 1 – Location of HighGold Projects in Timmins Gold Camp, Ontario (Graphic: Business Wire)
New drilling has successfully intersected the equivalent of the historic high-grade Croesus Vein in hole MC22-96, positioned 100 meters to the northeast of the former Croesus Mine underground workings, and has also discovered a new parallel quartz vein, 370 meters to the northwest, in the prospective Croesus Flow. Assay highlights are discussed below and shown in Figure 2 and Table 1.
Highlight Drill Hole Results
- 13.40 g/t Au over 0.5m within a broader 4.80m interval grading 3.60 g/t Au (hole MC22-96) from an intersection of the Croesus Vein 100m northeast of the Croesus Mine
- 14.00 g/t Au over 0.6m within a broader 2.60m interval grading 3.42 g/t Au (hole MC22-92) from a new vein zone intersected 370m northwest of the Croesus Mine