VANCOUVER - HighGold Mining Inc. (TSX-V: HIGH, OTCQX: HGGOF) ('HighGold' or the 'Company') is pleased to report complete assay results for the late 2021 Fall Drill Program at its Munro-Croesus project located in the Timmins gold camp, Ontario, Canada.
The 4,321-meter Program evaluated the #2 Vein and #4 Vein targets located one kilometer west of the past-producing high-grade Croesus Gold Mine. An 8,000-meter Phase 2 Drill Program is currently underway that is designed to follow-up on the successful results of the Fall Program and to test multiple other priority targets across the new consolidated Munro-Croesus gold property. Drilling has successfully established continuity of the #2 and #4 Vein structures, both along strike and to depth, with gold mineralization intersected with a high 19 of 24 hit ratio in the drill holes. The high-grade potential of these targets is highlighted by hole MC21-72 which returned 25.8 g/t Au over 1.0 meter in a 100-meter step-out along strike of the #4 Vein surface exposure.
'As we embark on a sustained, multi-phase exploration campaign at Munro-Croesus it is very encouraging to have intersected widespread gold mineralization in this initial step-out drilling on two of the known vein systems,' commented President and CEO Darwin Green. 'Our focus now is to continue systematic testing of these and the many other exciting prospects that surround the former Croesus Mine for new high-grade zones of Croesus-style gold mineralization. Our philosophy is to 'drill for structure / drift for grade' with the goal of delineating multiple permissive gold-bearing vein structures. With Phase 2 drilling now well underway, we look forward to additional results in the near term from the ongoing exploration of this recently consolidated and under explored package of prime geological real-estate.' Background on the Munro-Croesus Project
The Munro-Croesus Project is located along Highway 101 in the heart of the Abitibi greenstone belt, Canada's premier gold mining jurisdiction and part of the +100mozAu world class Timmins Gold District. The Project covers 51 km2 (20 mi2) of highly prospective geology situated between the Black Fox Mine Complex operated by McEwen Mining Inc. and the Fenn-Gib gold deposit being developed by Mayfair Gold Corp. and is proximal to major gold-bearing breaks. Extensive land consolidation by the Company in 2020-2021 has now unified the patchwork of patented and unpatented mining claims surrounding the Croesus Gold Mine into one coherent package and has enhanced the exploration potential of the Project. In the course of this land consolidation, HighGold has increased its land position 14X in size.
About HighGold's Timmins Gold District Properties
HighGold owns 100% of each of its three Timmins properties. The Munro-Croesus Gold Project is located approximately 75 kilometers (47 miles) east of Timmins, proximal to the Porcupine-Destor and Pipestone Faults, and approximately two kilometers (1.2 miles) northwest and along trend of Mayfair Gold Corp.'s multi-million ounce Fenn-Gib gold deposit. Mining occurred intermittently at Munro-Croesus between 1915 and 1936. The Golden Mile 86 square kilometer (34 square mile) property is located nine kilometers (5.6 miles) northeast of Newmont's multi-million-ounce Hoyle Pond deposit in Timmins. The Golden Perimeter 118 square kilometers (46 square mile) property is located to the south and southeast of Timmins on the south edge of the Shaw dome structure.
About HighGold
HighGold is a well-funded mineral exploration company focused on high-grade gold projects located in North America. HighGold's flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Golden Perimeter properties. HighGold's experienced Board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.
Forward looking statements
This news release includes certain 'forward-looking information' within the meaning of Canadian securities legislation and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively 'forward looking statements'). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's currently ongoing drill program and pending assays are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
Contact:
Darwin Green
Tel: +1 604.629.1165
Email: information@highgoldmining.com
HIGHGLD MNG 
