#USA #Nevada #Hycroft Mining #Hycroft Mine #Brimstone

Hycroft Mining's Record Silver Drill Results in 2024

Hycroft Mining Holding Corporation (Nasdaq: HYMC) has set a new benchmark in its exploration endeavors at the Hycroft Mine located in Nevada. The company announced remarkable drill results from its 2024 exploration program, marking a significant milestone in its 40-year history. With an eye on expanding high-grade silver resources, Hycroft's latest drill results showcase impressive figures that are redefining the prospects of the renowned mining site.

One of the highlights of this drilling campaign includes Hole H24D-6018, which was drilled approximately 60 meters southeast of Hole H24D-6010 as part of a strategic effort to assess the extension of the Brimstone silver trend. The results were stunning, featuring a staggering intercept of 21.2 meters containing 2,359.68 g/t of silver (Ag) and 0.38 g/t of gold (Au), which equates to an extraordinary 30.81 g/t Gold Equivalent (AuEq).

In more granular results, Hole H24D-6018 encompassed an impressive 7.3-meter interval revealing 6,278.23 g/t Ag and 0.59 g/t Au, including an exceptional peak of 80,017.00 g/t Ag over a narrow 0.2-meter interval, indicating robust high-grade continuity.

Alex Davidson, the Vice President of Exploration at Hycroft, stated, "Hole 6018 has surpassed Hole 5753, now being regarded as the best drill hole in our company’s history. The findings firmly establish a high-grade continuity extending approximately 60 meters up-dip from previously reported results. Our multidisciplinary approach utilizing geochemistry, structural and geophysical data has been fruitful, revealing promising insights into the Brimstone trend's geometry."

The implications of these findings are monumental for Hycroft, a company that has previously been perceived to house a vast low-grade system. The recent data contradicts this narrative, showcasing two major discoveries of high-grade silver trends within the past year that are gradually reshaping the industry’s outlook on the Hycroft deposit.

President and CEO Diane R. Garrett emphasized the team’s achievements, stating, "The consistent performance of our exploration team is commendable, and these latest results validate our commitment to uncovering the untapped potential of Hycroft. As we transition towards our next phase of operations, we continue to maintain a stellar safety record, having reached over 1,500 days without any lost-time incidents."

In total, the 2024 drilling program encompassed 9,058 meters of core drilling, executed by Timberline Drilling Incorporated. The overall aim of the program was to enhance the known continuity of the high-grade silver trends and explore areas with untested potential for high-grade mineralization. As the company progresses through the assays and gathers data from geophysics and surface mapping, it aims to develop strategies for early-phase higher-grade ore mining, thereby improving project economics.

In addition to exploring the Brimstone trend, Hycroft Mining is also invested in metallurgical test work, vital for the engineering study necessary for transitioning the mine from its historical oxide heap leaching operations to new commercial ventures.

Conclusion

Hycroft Mining Holding Corporation is redefining its narrative from a conventional low-grade system to a burgeoning hub of high-grade silver resources. As they stand on the cusp of significant operational shifts, one can only anticipate the remarkable developments from this Nevada-based mining giant in the coming years.