HighGold Mining
Financials:
Primary ticker: TSXV:HIGH
Stage of development: Exploration
Primary minerals: Gold, Copper, Zinc, Silver
Project to promote: Johnson Tract, Alaska
Project location: USA, Canada
Website: www.highgoldmining.com
HighGold (TSX-V: HIGH, OTC: HGGOF) is a well-financed exploration company – C$23 million cash – focused on high-grade gold projects located in Alaska and Timmins. HighGold’s flagship asset, the Johnson Tract Gold (Zn-Cu) Project, located in accessible south-central coastal Alaska, USA, has an Indicated Resource of 2.14 Mt grading 10.93 g/t gold equivalent (AuEq) for 750,000 ounces AuEq and an additional Inferred Resource of 0.58 Mt grading 7.16 g/t gold equivalent for 134,000 ounces AuEq. Johnson Tract also has a 12-kilometer mineralized district of quality gold prospects. HighGold completed 16,500 meters of drilling in 2020 and has upsized the 2021 program to 20,000 meters. The plan for 2021 includes significantly increasing the Johnson Tract mineral resource and testing targets in the district.
Assay results from 2021 drilling include:
• 577.9 g/t Au, 2,023 g/t Ag, 2.15% Zn, 0.30% Cu over 6.40m, including
982.7 g/t Au, 3,436 g/t Ag, 2.80% Zn, 0.44% Cu over 3.76m, including
2,860 g/t Au, 9,990 g/t Ag, 5.04% Zn, 0.88% Cu over 1.26m
The Company also controls a portfolio of quality active gold projects in the Timmins gold camp – including Munro-Croesus, one of the highest-grade historic gold producers in Ontario where mineralization occurred in a unique geologic environment producing gold samples of more than 10,000 ounces per tonne. HighGold has been consolidating the largely privately-held land packages in the immediate area, most of which have seen little to no modern exploration, with the objective of exploring for more of the same environmental conditions that deposited the very high-grade gold at the historic mine.
Cash: C$23M
Debt: /
Major shareholders:
Major Mining Company – 9.9%
Franklin Templeton – 9%
CI Investments – 5.4%
Sprott Asset Management – 4.5%
1832 Dynamic Funds – 3.1%
Management ownership – 2%
Management Profile
Darwin Green – President & CEO
Founder of HighGold Mining, Darwin Green has over 20 years of experience in the mineral deposit industry in USA, Canada and Latin America, with vast knowledge and a successful history in Alaska. He has a proven record of identifying opportunities, making discoveries and executing complex advanced exploration. His corporate credentials include involvement in multiple public financings and corporate transactions, negotiating option and joint venture agreements, and developing business opportunities.
Most recently, Mr. Green served as Vice President, Exploration for Constantine Metal Resources advancing the Alaska Palmer zinc/copper deposit to the Preliminary Economic Assessment stage. Prior to that, Mr. Green oversaw resource expansion and underground development programs at the Niblack deposit on Prince of Wales Island, for which he received the Commissioner’s Award for Project Excellence by the State of Alaska. Mr. Green drives the strategy, oversees the exploration processes and leads the business development and corporation marketing for HighGold. Mr. Green holds both a B.Sc. and an M.Sc. in economic geology.
What is your rationale for taking part 121 Mining Investment?
HighGold is a dynamic, growing and evolving gold exploration company with active work programs in both Alaska and Timmins. We aim to grow our quality shareholder base, keep our cost of capital as low as possible and keep shareholders and stakeholders well-informed on our progress.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We have few significant challenges at this time – all going according to plan
What do you think makes your company such a compelling investment?
The resource expansion potential, high-grade gold and accompanying large widths of the Johnson Tract main deposit, the JT regional target potential for additional high grade gold and a wealth of technical know-how to unlock the value in both.
What are the top 3 key investor takeaways?
Johnson Tract, Alaska: Very high grade gold over large widths in accessible coastal south central Alaska
Timmins, Ontario: Large, and largely untouched, exploration land package in the heart of a know gold camp with high-grade gold potential
Dedicated, highly-qualified technical teams active in Alaska and Timmins