Ellis Zone Intersections At the Johnson Tract Gold Project

VANCOUVER - HighGold Mining Inc. reported on the exploration and development program at the Johnson Tract polymetallic Gold Project  in Southcentral Alaska. The Project hosts the high-grade JT Deposit with a 1.05 Moz indicated resource at 9.39 g/t gold equivalent (AuEq).

Results confirm the western extension of high-grade gold mineralization at the Ellis Zone. The Ellis Zone is located four kilometers northeast of the JT Deposit and was a major focus of drilling during the 2022 field season. These results are from the first two 50-meter step-out drill holes completed this year. Highlights include: 2.2 m at 57.0 g/t AuEq (49.9 g/t Au, 25 g/t Ag, 1.5% Cu, 8.4% Zn) in hole DC23-070, including 1.1 m at 80.5 g/t AuEq, (71.40 g/t Au, 29.7 g/t Ag, 1.5% Cu, 11.7% Zn).

"The Johnson Tract project is synonymous with high-grade gold and these first results of our 2023 drill program do not disappoint," said Darwin Green, CEO. "Hole DC23-070 is a near-surface 50-meter step out to the west of the Ellis Zone and is the 8th intersection to date from the recent discovery to yield a 'grade-thickness' greater than 100 gxm AuEq. Two drill rigs are currently active on site, focused on the continued expansion of the Ellis Zone and JT Deposit as well as exploring for new discoveries."