Hycroft Delivers More High-Grade And Expands New Silver System At Brimstone

Hycroft Delivers More High-Grade And Expands New Silver System At Brimstone

WINNEMUCCA, NV – Hycroft Mining Holding Corporation reported on Phase 2 of the 2022-2023 exploration drill program at the Hycroft Mine, located in Nevada. The drilling continues to intercept high-grade silver and delineate continuity of the new silver system at Brimstone. Final assays from the Phase 2 drill program are pending.

Highlights from the drilling include: 1) Confirmation of well-developed veins with very high-grade silver. 2) The new Brimstone silver system is strong in continuity, extending more than 800 meters in strike and remains open.

Evaluation of results from the Drill Program reveals two new trends with continuous high-grade silver greater than 137 g/t: 1) A northwest trend extending from Vortex to Camel (> 600 meters strike). 2) A northeast trend extending from Vortex to Brimstone (> 800 meters strike).

Both trends are open along strike and additional drilling is expected to demonstrate that these trends intersect.

Alex Davidson, Vice President, Exploration, said, “These recent silver assay results are very exciting as they continue to define and expand the recently discovered high-grade silver trend in Brimstone. Evaluation of high-grade silver results from 2023 in both Brimstone and Vortex in conjunction with existing drilling and geophysics has defined two significant silver trends; the Vortex-Brimstone and Vortex-Camel trends, striking northeast and northwest, respectively. Both trends have continuous high-grade silver greater than 137 g/t with areas of very high-grade silver (> 2000 g/t) in well-defined veins. The new concepts developed during the 2023 drilling, supported by reported results from H23C-5790 and H23C-5795, will be used to better vector targeting in 2024 as we continue to develop these high value areas.”