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HighGold Mining reports encouraging assay results for the first two holes drilled at flagship Johnson Tract Gold property

The firm said that the assays show exceptional widths of continuous high-grade gold and base metal mineralization have been intersected

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HighGold noted that the entire Johnson Property in Southcentral Alaska is underexplored with significant exploration upside

HighGold Mining Inc. (CVE:HIGH) has reported encouraging assay results for the first two holes of a nine-hole drill program completed at the company's flagship Johnson Tract Gold property in Southcentral Alaska.

In a statement, HighGold said that the assays show exceptional widths of continuous high-grade gold and base metal mineralization have been intersected.

HighGold CEO Darwin Green commented: "What makes the mineralization even more impressive is the occurrence of high-grade copper and zinc along with the gold."

Investors responded well, with the stock soaring 11.7% to $1.38 a share midday Tuesday. 

READ: HighGold Mining eyeing maiden resource at Alaska's Johnson Tract project after completing this year's exploration

The Johnson Tract deposit was drilled by previous operators from 1982 to 1993.

Hole JT19-082, drilled by HighGold, is the first new drill hole completed on this property in 25 years and was designed as a twin of historic drill hole JT93-065 for validation purposes for future resource estimation.

The group noted that the entire Johnson Property is underexplored with significant exploration upside.

HighGold Mining controls an extensive portfolio of quality gold projects in the greater Timmins gold camp, in Ontario that includes the Munro-Croesus Gold property, and the large Golden Mile and Golden Perimeter properties.

—(Adds stock quote, details on projects)—

Quick facts: HighGold

Price: 1.21 CAD

TSX-V:HIGH
Market: TSX-V
Market Cap: $40.07 m
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Full interview: HighGold Mining sees very positive results from first two...

HighGold Mining (CVE: HIGH) CEO Darwin Green joined Steve Darling from Proactive Vancouver to discuss the first results from their 9 hole drill program at the Johnson Tract project in Alaska. These results, the first for this project in 25 years. Green telling Proactive just how good they...

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