Exploration Program Defines High-Grade Mineralization Controls

WINNEMUCCA, NV - Hycroft Mining Holding Corporation reported on the 2024 Brimstone and Vortex drilling that is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February, is targeting the two high-grade underground silver trends discovered in November 2023. This drill program and will continue through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of structural controls.

Alex Davidson, Vice President, Exploration, said, "The paradigm is shifting with our understanding of what is controlling the high-grade mineralization within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs.

The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at depth."