North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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By Shane Lasley
Mining News 

Drills expand Ellis Zone gold discovery

HighGold reports assays from final 2022 holes at new target North of 60 Mining News – December 9, 2022

 

Last updated 12/15/2022 at 2:15pm

A drill atop a rocky ridge tests the Johnson Tract gold project in Alaska.

HighGold Mining Inc.

HighGold drilled 43 holes this year in the Difficult Creek prospect area of its Johnson Tract gold project in Alaska.

HighGold Mining Inc. Dec. 8 reported that the final batch of assay results from its 2022 drilling of the Ellis Zone discovery provides further evidence of the potential for multiple high-grade gold deposits on its Johnson Tract gold project in Southcentral Alaska.

JT Deposit at Johnson Tract hosts 3.49 million metric tons of indicated resource averaging 5.33 grams per metric ton (598,000 ounces) gold, 6 g/t (673,000 oz) silver, 5.21% (400.8 million pounds) zinc, 0.59% (43.1 million lb) copper, and 0.67% (51.5 million lb) lead.

When you calculate the value of all the metals into gold equivalency, this comes to 1.05 million oz of indicated resource averaging 9.39 g/t gold-equivalent.

Situated about 2.5 miles north of JT Deposit, Ellis Zone in the Difficult Creek area of Johnson Tract is showing similar potential.

"The 2022 drill program at the Ellis Zone was very successful in sketching-in a new center of high-grade gold and base metal mineralization with similar characteristics to the main +1Moz JT Deposit located 4km away," said HighGold Mining CEO Darwin Green.

HighGold discovered Ellis Zone in DC21-010, a 2021 drill hole that cut 6.4 meters averaging 577.9 g/t (18.58 oz/t) gold, 2,023 g/t (65 oz/t) silver, 2.15% zinc, and 0.3% copper.

This year, the company followed up on the bonanza gold grades in the Ellis Zone discovery hole with step-out drilling. Highlights from previously reported 2022 holes include:

42.8 meters averaging 3.4 g/t gold, 23 g/t silver, 0.21% copper, and 2.06% zinc in hole DC22-036.

11.9 meters averaging 21.68 g/t gold, 30 g/t silver, 0.61% copper, and 4.2% zinc in hole DC22-043.

35.2 meters averaging 4.2 g/t gold, 6.1 g/t silver, 0.12% copper, and 3.19% zinc in hole DC22-045.

14.8 meters averaging 10.14 g/t gold, 13.8 g/t silver, 0.28% copper, and 5.97% zinc in hole DC22-046.

Continuing the systematic 25- to 50-meter step-out drilling along strike and at depth, the final batch of assays continued to trace strong mineralization to the west and down-plunge; highlights include:

4.1 meters averaging 3.28 g/t gold, 14.1 g/t silver, 0.29% copper, and 3.14% zinc in hole DC22-037.

6.6 meters averaging 1.43 g/t gold, 13.4 g/t silver, 0.62% copper, and 4.35% zinc in hole DC22-049.

3.6 meters averaging 0.9 g/t gold, 3.1 g/t silver, 0.21% copper, and 7.91% zinc in hole DC22-051.

15.5 meters averaging 2.99 g/t gold, 6.4 g/t silver, 0.06% copper, and 1.49% zinc in hole DC22-056.

16.1 meters averaging 0.36 g/t gold, 4.7 g/t silver, 0.21% copper, and 3.97% zinc in hole DC22-060.

Map of holes and highlighted results from drilling at Ellis Zone gold discovery.

HighGold Mining Inc.

Click on image for larger map of 2022 drilling at Ellis Zone.

"This is strong validation of the district potential for multiple deposits and the opportunity to contribute additional mineral resources to the existing resource base," said Green. "To date, the Ellis Zone has been documented over a strike length of 125 meters and from surface to a depth of 225 meters and is open to expansion. It remains early days in the exploration of this promising new zone, and we look forward to returning in 2023 with larger step-outs, particularly down plunge to the west and to depth."

HighGold completed 6,056 meters in 43 holes in the Difficult Creek prospect area at Johnson Tract – 39 holes at Ellis Zone, and five testing nearby targets. Assays from all 2022 drilling completed in the DC prospect area have now been reported.

Author Bio

Shane Lasley, Publisher

Over his more than 15 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

Email: [email protected]
Phone: (907) 726-1095
https://www.linkedin.com/in/shane-lasley-ab073b12/

 

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