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Hycroft Mining Reports Initial Drill Results; 82 meters of 1.03 g/t gold and 30.38 g/t silver
Multiple zones of higher-grade silver encountered Higher gold and silver grades than resource average grade Higher grade zones more continuous than previously i
About this update from Hycroft Mining Holding Corporation
[{"type":"text","content":" Multiple zones of higher-grade silver encountered Higher gold and silver grades than resource average grade Higher grade zones more continuous than previously interpreted WINNEMUCCA, Nev., Sept. 13, 2022 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (\"Hycroft\" or the \"Company\"), a gold and silver development company which owns the Hycroft Mine in the prolific mining region of Northern Nevada, is pleased to announce initial drill results from its 2022-2023 exploration program. Highlights of the initial results from our reverse circulation (\"RC\") drilling are noted below (grams / metric ton \"g/t\"). Full results received to date are reflected in Table 1 below. Hole 22R-5650 returned 82 meters of 1.03 g/t gold and 30.38 g/t silver Including 3 meters of 1.20 g/t gold and 163.51 g/t silver Hole 22R-5647 returned 58 meters of 0.58 g/t gold and 24.07 g/t silver Including 5 meters of 0.65 g/t gold and 171.02 g/t silver Hole 22R – 5644 returned 50 meters of 0.79 g/t gold and 38.74 g/t silver including 5 meters of 2.23 g/t gold and 84.69 g/t silver Hole 22R-5645 returned 20 meters of 0.10 g/t gold and 90.86 g/t silver Including 34 meters of 3.77 g/t gold and 16.77 g/t silver Alex Davidson, Vice President, Exploration commented, \"These initial drill results confirm the higher-grade opportunities identified in the 2021 drill program. While we have only just begun investigating the planned targets of our 2022-23 drill program, these results are very encouraging and further confirm the importance of additional drilling to explore the untapped potential of the Hycroft deposit. Importantly, we are observing the high-grade zones are more continuous than previously interpreted in addition to seeing silver and gold grades significantly higher than the average grade at the Hycroft deposit.\" In addition to the two RC rigs drilling in the Brimstone and Central areas, the core rig is currently drilling the deeper areas of the Hycroft system, primarily at the high-grade silver Vortex area. In our first core hole we are seeing silicification, banded silica veining, sulfide stockwork along with white clays among other key indicators in the core. We are currently following up on high grade intercepts within the resource area and plan to begin targeted step-out drilling in the fourth quarter ...