Highgold increases Johnson drill program to 15,000 mlast at $2.35 .... wow 2020-07-22 10:16 ET - News Release
Mr. Darwin Green reports
HIGHGOLD MINING UPSIZES DRILL PROGRAM TO 15,000 METERS AND ADDS 3RD DRILL RIG, JOHNSON TRACT GOLD PROJECT, SOUTHCENTRAL ALASKA, USA
Highgold Mining Inc. has increased the scope and budget for the 2020 exploration program at its flagship Johnson Tract gold project in south-central Alaska. The previously announced plan for 7,000 metres to 10,000 metres of diamond drilling utilizing two drill rigs (see Highgold's news release dated June 30, 2020) has been expanded to a planned minimum of 15,000 metres. A third drill rig has been contracted for arrival on site in the first week of August.
"With the recently announced $12-million bought deal financing, Highgold has positioned itself to maximize the 2020 field season," commented president and chief executive officer Darwin Green. "The accelerated exploration program, which now includes three drill rigs and 15,000 metres of planned drilling, provides an opportunity to materially advance Johnson Tract this year. With an additional drill rig, we can test multiple target areas at the same time and rapidly follow up on exploration success."
As a reminder, Highgold has five key target areas in and around the main Johnson Tract deposit. These are: JT deposit expansion, Northeast offset, North trend, Footwall discovery and Southwest extension (for additional detail, please see the company's website and Highgold's news release dated June 30, 2020). The expanded program will include additional holes at these five targets as well as plans to test new target areas.