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Hycroft Drills Higher Grades in Vortex Zone Highlighted by 51.8 Meters of 2.47 g/t Gold and 25.5 g/t Silver
DENVER, Sept. 8, 2021 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), is pleased to report on recent drill
About this update from Hycroft Mining Holding Corporation
[{"type":"text","content":"DENVER, Sept. 8, 2021 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (\"Hycroft\" or the \"Company\"), is pleased to report on recent drill results from its wholly owned Hycroft Mine, a gold and silver producing operation located in the prolific mining region of Northern Nevada. \n\n \n \n \n \n \n \n\n \nAs previously announced, a planned drill program commenced at Hycroft in March 2021 to obtain representative mineralized material across the deposit for metallurgical and mineralogical testing. The program consists of approximately 21,300 meters of drilling, including 13 exploration holes planned to fill in areas of less dense drilling and investigate potential higher grade and oxide targets identified by the exploration team. The program is being performed by National EWP, Inc. and First Drilling, LLC utilizing three drill rigs: a reverse circulation rig for pre-collar[1] drilling; and two core rigs for drilling the targeted zones for metallurgical samples. \nRecent exploration drilling in the Vortex Zone has encountered significant intercepts including 51.8 meters (170 feet) grading 2.47 grams per tonne (\"g/t\") (0.072 ounces per ton (\"opt\")) gold and 25.5 g/t (0.744 opt) silver (H21R-5592) and an additional intercept of 30.5 meters (100 feet) grading 0.71 g/t (0.021 opt) gold and 17.5 g/t (0.528 opt) silver in drill hole H21R-5591 (see Table 1 below for additional information). This drilling has identified gold grades that are five times higher than the average mineral reserve grades at Hycroft of 0.34 g/t (0.011 opt). In addition, pre-collar drilling of the metallurgical holes has identified oxide material in various areas of the ore body which could enhance the run-of-mine (\"ROM\") plan. The results of drilling and metallurgical work from this drill campaign will be included in our next mineral resource update and planned feasibility study, expected by the end of the first quarter 2022.\nDiane R. Garrett, President & Chief Executive Officer, said, \"These are some of the highest gold grades that we have encountered at Hycroft. Our exploration team has identified several target areas of potential higher gold equivalent grades within and near our existing mineral resource as demonstrated by these results as well as from prior drill campaigns. As we build our long-term operational strategy identifying t...