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Timmins-area junior miner signs exploration agreement with First Nation

HighGold Mining drilling near former gold mine, east of city
HighGold Mining Croesus Project 1
(HighGold Mining photo)

HighGold Mining has signed an exploration agreement with Wahgoshig First Nation covering activity on the company's Munro-Croesus project, east of Timmins.

The Vancouver junior miner wrapped up a 4,321-metre drilling program in November and has a one larger one scheduled for late January. The company previously signed exploration agreements with Matachewan and Mattagami First Nations last June.

These agreements are normally set up to establish a line of communication between companies and communities for exploration activities taking place on Indigenous traditional lands.

In a company news release, the agreement's stated purpose is to "promote a cooperative, collaborative and mutually respectful relationship," concerning exploration work around the Munro Croesus Project, located 75 kilometres east of Timmins and 20 kilometres west of Wahgoshig. 

“The (agreement) reflects HighGold’s commitment to respectful engagement and responsible stewardship, with a mission to benefiting the regions in which we operate,” said president-CEO Darwin Green in a news release.

“We are proud to work with local First Nation owned and affiliated businesses to the mutual benefit of HighGold and our neighbouring communities.”

The 3,187-hectare Munro-Croesus Gold Project, located alongside Highway 101, contains the former Croesus Mine, which produced some of the highest-grade gold ever mined in Ontario during its intermittent operational life between 1915 and 1936.

The company holds three exploration properties in the Timmins area; Munro-Croesus, Golden Mile and Golden Perimeter, totally 250 square kilometres. HighGold's main project is its Johnson Tract Gold Project in southcentral Alaska.