HighGold Mining has started a 5,000-metre winter drill program at its three Timmins-area gold properties.
In a Feb. 26 news release, the Vancouver-based exploration company said two diamond-drilling rigs would explore targets on the Munro-Croesus, Golden Perimeter and Golden Mile properties.
The Munro-Croesus Gold Project is located approximately 75 kilometres east of Timmins, is proximal to the Porcupine-Destor and Pipestone Faults, and located approximately three kilometres northwest and along trend of Pan American Silver's multi-million ounce Fenn-Gib gold deposit. Mining occurred intermittently at Munro-Croesus between 1915 and 1936.
The Golden Mile 86-square-kilometre property is located nine kilometres northeast of Newmont's multi-million-ounce Hoyle Pond deposit in Timmins.
The Golden Perimeter properties (two blocks) are located to the south and southeast of Timmins on the south edge of the Shaw dome structure.
The company said it has four target areas: 1) known zones of high-grade gold mineralization; 2) areas of surface geochemical and geophysical anomalies; 3) flexures along major regional structural breaks which are known to host gold within the greater Timmins gold camp; and 4) potential intrusive-related gold prospects.
HighGold owns 100% of each of its three Timmins properties.
It additionally owns the high-grade Johnson Tract Gold zinc-copper project located in south-central Alaska.
