$10 Million Alaska Johnson Tract 2021 Exploration Program
VANCOUVER - HighGold Mining Inc. announced that an initial C$10 million exploration budget has been approved for its 0.75 million ounce 10.9 g/t gold equivalent (AuEq) Johnson Tract polymetallic Gold Project in Southcentral Alaska. The 2021 exploration program plans and strategy are: Minimum 16,000 meters of drilling with three drill rigs; Drilling to target both: Expansion and infill to upgrade of the JT Deposit plus adjacent target areas; and First-time testing of other Johnson District prospects, including the new 1 km x 0.5 km High-Grade Ag-Au Vein Field discovered by prospecting in 2020 at the DC Prospect 4 km northeast of the JT Deposit; Property-wide magnetic-electromagnetic (VTEM) airborne geophysical survey totaling 1,100 line-km to identify major fault structures and prospective areas of subsurface mineralization; Detailed IP-Resistivity (DCIP) ground geophysical surveys over several Johnson District regional prospects to detect prospective mineralized trends; and Geological mapping, prospecting, and soil & rock sampling programs to follow-up and expand on the positive results generated from the 2020 program and refine drill targets.
“Our exploration team’s mandate in 2021 includes both establishing critical mass at the JT Deposit and making new discoveries,” said, President and CEO Darwin Green. “The JT Deposit is open to expansion and a priority for this program is to continue tracking and expanding the deposit farther down-plunge. We have high conviction in the potential to define a multi-deposit district at Johnson Tract and are excited to be drill testing several of the priority regional prospects for the first time ever. With C$17 million in working capital, HighGold is fully funded for the planned program.”