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Highgold Mining Inc V.HIGH

Alternate Symbol(s):  HGMIF

HighGold Mining Inc. is a Canada-based mineral exploration company. The Company is focused on high-grade gold projects located in North America. The Company's flagship asset is the high-grade Johnson Tract Gold-Zinc-Copper Project located in accessible Southcentral Alaska, United States of America. The Company also controls junior gold miner land positions in the Timmins, Ontario gold camp. This includes the Munro Croesus Gold property, Golden Mile, and Timmins South properties. The Company also has 100% ownership of a group of properties in Yukon's new Selwyn Basin Reduced Intrusive Related Gold district. Its Johnson Tract Project is a poly-metallic (gold, copper, zinc, silver, lead) project located near tidewater in Southcentral Alaska. It includes the high-grade Johnson Tract Deposit (JT Deposit) and numerous mineral prospects over a 12-kilometer strike length. The Munro-Croesus Gold Project is located approximately 75 kilometers (47 miles) east of Timmins, Ontario.


TSXV:HIGH - Post by User

Comment by Franschoekon Dec 13, 2022 12:06pm
334 Views
Post# 35168700

RE:Next steps for 2023?

RE:Next steps for 2023?Wow, a lot to chew on.  Drilling transversely is likely to underestimate block grade.  Drilling longitudinally is likely to overestimate block grade.  Let's assume the truth lies between.
JT is a mineable gem on its own, amplified by the options appearing in DC.
The issue for me is the Timmins properties.  At first it seemed like a good idea to me....steady news flow, year round drilling.  Now it's a problem.  Year round expenditure required, more frequent financing in a shite market.
I suggest the Ontario properties spun out to shareholders as a separate entity.  Minimize dilution of the primary entity.  If any part is ripe for JV it might be Ontario.  Thoughts Red?
Frans
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