Intersections At The JT Deposit In Alaska

VANCOUVER – HighGold Mining Inc. reported results for the first drill hole of the 2021 Field Season from expansion drilling at its flagship 0.75 million ounce 10.9 g/t gold equivalent (AuEq) Johnson Tract polymetallic Gold Project in Southcentral Alaska. Drillhole JT21-123 was designed to test along strike and down-plunge from the JT Deposit as a nominal 100-meter step-out from last years expansion drilling on the northeast side of the deposit. High-grade mineralization was successfully intersected in hole JT21-123, building on the success of the 2020 drill program and extending the total strike length to 600 meters. Drill Highlights – JT Deposit Expansion (JT21-123): 13.1 g/t Au, 200 g/t Ag, 4.92% Zn, 2.04% Pb, and 0.35% Cu (20 g/t AuEq) over 4.3m including 19.0 g/t Au, 242 g/t Ag, 7.10% Zn, 2.91% Pb, and 0.50% Cu (28 g/t AuEq) over 2.8m.

“This is a great start to the 2021 drill program,” said, President and CEO Darwin Green. “Our first drill hole of the season has intersected strong precious and base metal mineralization in a large step-out from last years drilling, expanding the total strike length of JT Deposit mineralization by 15-20% to 600 meters. In addition to the excellent gold grades, the intersection includes some of the highest silver grades documented to date at the JT Deposit and is developed within a mudstone host – features often found in gold-rich VMS deposits. We are already designing follow-up holes and are excited to see how this new variation in the mineralization style at the JT Deposit develops as we continue to test at depth and along strike.”