HighGold Mining
Financials:
Primary ticker: TSXV:HIGH, OTCQX: HGGOF
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, OTCQX:HGGOF) is a well-financed exploration company – C$12 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 3.49 million tonnes (“Mt”) grading 9.39 g/t gold equivalent (“AuEq”) for 1,053,000 oz AuEq and an Inferred Resource of 0.71 Mt grading 4.76 g/t AuEq for 108,000 oz AuEq. Johnson Tract also has a 12-kilometer mineralized district of quality gold prospects. The Difficult Creek Discovery, made in 2021, offered up 578g/t Au over 6.4 meters – 4 kilometers distant from the main JT deposit. Approximately 10,000 meters of drilling was done during 2022 focused on expanding the JT resource, following on on the Difficult Creek discovery and testing new targets in the mineralized district.
Details on the Difficult Creek discovery:
• 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. Results from 2022 Munro-Croesus drilling include:
• 13.40 g/t Au over 0.5m within a broader 4.80m interval grading 3.60 g/t Au from an intersection of the Croesus Vein 100m northeast of the Croesus Mine
• 14.00 g/t Au over 0.6m within a broader 2.60m interval grading 3.42 g/t Au from a new vein zone intersected 370m northwest of the Croesus Mine
Cash: CAD$12M
Debt: NIL
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
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.