HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc has announced positive metallurgical test results for the Johnson Tract (JT) polymetallic gold project in southcentral Alaska.
The project hosts the high-grade polymetallic (Au-Zn-Cu-Pb-Ag) JT Deposit with a 0.75 million ounces (Moz) gold equivalent (AuEq) indicated resource at 10.9 grams per ton (g/t) AuEq and a 0.13Moz AuEq inferred resource at 7.1 g/t AuEq. An updated and expanded mineral resource estimate for the JT Deposit is expected to be delivered before the end of the second quarter of 2022.
"We are very pleased with these metallurgical results, which demonstrate excellent metal recoveries to high-quality concentrate products," HighGold Mining president and CEO Darwin Green said in a statement. "Metallurgy is critically important to understanding the potential economics of a mineral project and these new results, which corroborate and enhance decades-old historic data, are an important step in de-risking the JT Project and laying the foundation for future engineering and economic studies.”
“In addition to producing gold-enriched base metal concentrates that are highly attractive for the global smelting market, the program was also successful in producing a saleable high-grade gold concentrate. The ability to produce a separate gold (pyrite) concentrate provides processing optionality with the added environmental benefit of generating tails that contain very low-sulphide content," added Green.