Step-out Drilling Intersections At Johnson Tract Project In Alaska

VANCOUVER - HighGold Mining Inc. reported new assay results from the 2020 exploration drilling program at its flagship Johnson Tract Gold Project in Southcentral Alaska. Results are reported for four (4) drill holes, including additional step-outs to the JT Deposit that extend high-grade mineralization down-plunge. Drilling has concluded for the year with a total of 16,420 meters completed in 33 drill holes. Assay results are still pending for 23 drill holes and will be released in batches over the next few months as received.

"Today's results further extend mineralization to depth & down-plunge of the main JT Deposit. The results also highlight the opportunity to add high-tonnage/high-value mineralization with each new step-out hole," said, President and CEO, Darwin Green. "Observations of drill core from these and subsequent holes (for which assays are still pending) suggest the JT Deposit remains open for continued expansion down-plunge and that not all of it is faulted-off at depth as was previously interpreted."

Successive incremental step-outs have significantly expanded the known extent of resource mineralization. The JT Deposit has now been intersected over a strike length of 250 meters and a down-plunge distance of 315 meters and remains open for expansion to the Northeast, Southwest and at depth.

"HighGold's exploration team is applauded for executing a large and successful program safely, efficiently and under budget during a challenging COVID-19 environment. Our first, full-scale exploration program has contributed significantly to the understanding of the Johnson Tract mineral system and the Project's exceptional exploration potential. With only a third of drill holes reported so far, we are looking forward to receiving the balance of the drill hole assay data along with the results from over 1,800 soil and rock samples collected as part of the concurrent regional field program,” said Green.

In addition to step-out intersections on the main JT Deposit, several of the above described drill holes were designed to also test the Footwall Copper Zone that is located structurally and stratigraphically below the main JT Deposit mineralization. The Footwall Copper Zone is a newly discovered zone of mineralization (2019) characterized by copper-zinc-silver rich mineralization that is beginning to take shape as a distinct zone demonstrating good continuity between holes suggesting high resource potential. It has now been intersected in four drill holes over a strike length of approximately 80 meters and remains open in all directions.