HighGold Mining Inc. (TSXV:HIGH) has received further positive assay results from the 2022 Winter Drill Programme at its Munro-Croesus project located in the Timmins Gold Camp, Ontario, Canada.
The company completed an additional five drill holes on the new Argus Zone on the western side of the Project, three km from the historic Croesus Mine, and continued to successfully intersect wide intervals of gold mineralisation. These results reinforce the potential for bulk-tonnage style gold associated with the Pipestone Fault at Munro-Croesus.
The Argus Zone represents a very early-stage new discovery within the East Timmins area, a region that is host to over 15moz of undeveloped resources. The Argus Zone has now been defined over a strike length of 300 meters and a depth of 250 meters and remains open in all directions.
New Highlight Drill Hole Results from the new Argus Zone
Drill Hole MC22-111
- 52.3 m at 0.48 g/t Au, including
- 10.5 m at 0.87 g/t Au, and
- 9.8 m at 1.09 g/t Au
Drill Hole MC22-112
- 68.0 m at 0.40 g/t Au, including
- 10.0 m at 1.23 g/t Au
Drill Hole MC22-114
- 27.0 m at 0.61 g/t Au, and
- 48.6 m at 0.62 g/t Au, including
- 14.6 m at 1.07 g/t Au
Drill Hole MC22-115
- 6.5 m at 0.62 g/t Au within the Pipestone Fault, and
- 8.6 m at 0.50 g/t Au, and
- 44.0 m at 0.25 g/t Au
“With our first step-out drilling at the new Argus Zone, we are seeing the emergence of a new and potentially significant bulk-tonnage gold system,” President and CEO, Darwin Green, said.
“Broad widths of encouraging gold mineralisation have been intersected in six out of seven holes with excellent promise for further expansion. The surrounding area is completely untested with no prior drilling and our next steps at this discovery will be exploring the extents of the gold system, including tracking it west toward the intersection of the Argus Zone trend with the regional Pipestone Fault.”
For further information please visit: https://highgoldmining.com/