Start Of Drill Program Targeting High-Grade Silver Discoveries At Hycroft

Start Of Drill Program Targeting High-Grade Silver Discoveries At Hycroft

WINNEMUCCA, NV – Hycroft Mining Holding Corporation (HYMC) announced the start of the 2024 exploration drill program at the Hycroft Mine, located in Nevada. The 2024 Drill Program encompasses approximately 4,500 meters of core drilling in a combination of step out and infill drilling with the objective of further defining the two new high-grade silver trends, Vortex-Brimstone and Vortex-Camel, discovered in late 2023. Crews are onsite, and drilling has begun.

Recent drilling and analysis showed significant high-grade silver mineralization (>137 g/t Ag) that has continuity with historical drilling, along trends not previously identified. The purpose of the 2024 Drill Program is to define the structural framework of the new trends and target areas that have not been drilled to establish continuity of the high-grade silver trends. Vortex-Brimstone Trend: The 2023 assay results from the northeast Vortex-Brimstone trend returned values of several hundred grams/tonne silver including intervals in the several thousand grams/tonne silver (>11,000 g/t Ag). The drilling in Brimstone is targeting the structural complexity within the high-grade silver zone, which remains open along strike. Vortex-Camel Trend: The northwest Vortex-Camel trend is similarly high-grade in silver. Drilling along this zone will focus on developing the structural controls of this trend, which is open along strike and in elevation.

Alex Davidson, Vice President, Exploration, said, “The 2024 Drill Program is very exciting as it will put the pieces together in understanding the structural framework around these two previously unrecognized trends as well as expand the significantly mineralized trends. We are now able to integrate the historical geophysical and drilling data with the tremendous results from the 2023 drill program to focus this year’s drilling on the new Hycroft story.”