Hycroft Mine Reports Best Drillhole In Forty Year History

Hycroft Mine Reports Best Drillhole In Forty Year History

WINNEMUCCA, NV – Hycroft Mining Holding Corporation reported on the 2024 exploration drill program (the “Drill Program”) at the Hycroft Mine, located in Nevada. Hole H24D-6018 was drilled to the southeast approximately 60 meters from Hole H24D-6010 designed to test the extension of Brimstone up-dip. Robust drill results continue to confirm continuity of Brimstone high-grade silver dominant trend, extending mineralization along strike and up-dip.

Brimstone drill highlights: H24D-6018: 21.2 meters of 2,359.68 g/t Ag and 0.38 g/t Au (30.81 g/t AuEq); including 7.3 meters of 6,278.23 g/t Ag and 0.59 g/t Au (81.55 g/t AuEq), along with 0.2 meters of 80,017.00 g/t Ag and 1.62 g/t Au (1,033.42 g/t AuEq).

Alex Davidson, Vice President, Exploration, said, “Hole 6018 topped Hole 5753 as the best hole ever drilled at Hycroft in its more than 40-year history. The results from this Brimstone hole firmly establish high-grade continuity up-dip approximately 60 meters from Hole 6010. Our strategy of using a multi-disciplined approach, utilizing geochemical, structural, assay, and geophysical data collected from this year for exploration is paying off as we continue to define the geometry of Brimstone.  The presence of coarse grain argentotetrahedrite and chalcopyrite crystals and aligned geochemistry from the high-grade zone suggests that Brimstone is derived from and more proximal to a magmatic source as previously mentioned in the October 16, 2024, news release.  This is important because it is a significant shift from what the Hycroft deposit has been previously described as – a low sulfidation system. We are continuing to gain a clearer picture of the substantial opportunities for high-grade mineralization in the significantly under-explored Hycroft system”.