The Troublesome Creek (DC) prospect is positioned 4 km northeast of the JT deposit useful resource, and is characterised by a sequence of enormous gossan alteration zones related in fashion to the JT deposit.
Preliminary drilling at DC this 12 months has intersected mineralization at a really shallow depth, confirming continuity of the mineralized zone and demonstrating the presence of bonanza gold and silver grades.
This was evidenced by HighGold’s first drill gap (DC21-010) focusing on the Center DC zone, which returned exceptionally high-grades of 577.9 g/t Au and a pair of,023 g/t Ag (plus 2.15% Zn and 0.30% Cu) over 6.4 m, together with bonanza grades of two,860 g/t Au and 9,990 g/t Ag over 1.26 m.
DC21-010 was a part of a primary go drill take a look at of a number of goal areas together with the DC prospect (17 holes complete). Assays for the remaining holes are pending.
One other 17 holes have been accomplished at JT deposit space. HighGold is planning to ship an up to date mineral useful resource estimate following the completion and receipt of all assays from the 2021 drill program.
President and CEO Darwin Inexperienced mentioned the newest outcomes “firmly establishes the DC prospect as a second middle of high-grade mineralization” on the property and validates the multi-deposit potential at Johnson Tract.
“The bonanza grade intersection in gap DC21-010 represents the very best grade drilled to this point on the JT venture, which is a big achievement given the variety of excellent drill intersections generated beforehand in the primary JT deposit space,” he added.
Based on HighGold, the significance of the DC prospect has been elevated considerably by the preliminary, very high-grade outcomes returned in gap DC21-010.
The mineralized zone at Center DC is open to enlargement at depth and alongside strike, and this will probably be a serious space of focus transferring ahead, the corporate mentioned.
HighGold’s shares surged 77.2% by 12:45 p.m. EDT following the brand new drill outcomes. The North America-focused gold explorer has a market capitalization of C$109.1 million.