#United States #VORTEX #Hycroft Mining #Winnemucca #Brimstone

Hycroft Mining's Exploration Plans for 2025-2026

Hycroft Mining Holding Corporation, listed on Nasdaq under the ticker HYMC, has just revealed its ambitious plan to launch the 2025-2026 Exploration Drill Program at the renowned Hycroft Mine in northern Nevada. This initiative is poised to significantly enhance their existing high-grade silver and gold systems, primarily focusing on the Brimstone and Vortex areas.

As one of the largest precious metals deposits in the U.S., the Hycroft Mine is already recognized as a Tier-1 mining jurisdiction. The forthcoming drill program encompasses an extensive plan of approximately 14,500 meters of core drilling utilizing two specialized drill rigs, aimed at further delineating and expanding the mineralization at Brimstone and Vortex. Crews are mobilized, and drilling activities are scheduled to commence in early August 2025.

Building on Previous Successes

This new initiative comes hot on the heels of the successes documented in the company's 2023 and 2024 Drill Programs, which led to significant discoveries within the mining area's high-grade silver systems. Notably, the boreholes drilled during those years revealed outstanding results, with some intervals recording several thousand grams of silver per tonne, showcasing the mine's potential.

The 2023-2024 exploration activities shed light on the geochemistry and structural features of the deposits, forming a solid foundation for the upcoming drill program. Alex Davidson, Vice President of Exploration, underscored the importance of this foundational work when stating, "The data from the previous drill programs have illuminated multiple target horizons, which are vital for the 2025-2026 program."

Target Areas and New Discoveries

The exploration will not only focus on the high-grade zones of Brimstone and Vortex but also seeks to advance into previously unexplored target areas, particularly to the east of Brimstone, including a new area dubbed the Manganese target. This multifaceted approach aims to expand the existing mineralized systems that remain open and potentially significant in all directions.

Davidson elaborated on the geological findings from previous explorations, noting that the high-grade silver discovery at Brimstone is attributed to distinct geological processes compared to other regions within the Hycroft mining district. These insights have enabled the team to engineer a rigorous geological model that will direct the drilling, benefiting not just in Brimstone and Vortex but across a broader area of the Hycroft's vast land package, which spans over 64,000 acres.

Commitment to Safety

Amidst the exciting exploration prospects, the company emphasizes a strong commitment to safety and health for its workforce. During the press announcement, Diane Garrett, President and CEO of Hycroft, highlighted the impressive safety record achieved over two and a half years, with a Total Reportable Injury Frequency Rate of 0.00. This noteworthy achievement underscores their dedication to employee welfare as they ramp up operations for the drilling program.

Garrett remarked, "Our team's ongoing work is unlocking significant value for shareholders as we continue to explore the full potential of this world-class asset. We recognize that the importance of silver at Hycroft has been underestimated, but it stands as a crucial part of our future revenue potential."

The drilling will be carried out by Timberline Drilling Incorporated from Elko, Nevada, alongside Alford Drilling in Winnemucca. Analytical services for assaying will be performed by ALS Geochemical in Reno, Nevada.

As Hycroft prepares to embark on this transformative phase in its operations, stakeholders and investors alike are eagerly watching developments unfold, recognizing the potential implications for mineral resources and revenues at the Hycroft Mine. The 2025-2026 Exploration Drill Program is not just a step towards expanding their mineral inventory but a vital move toward strategically leveraging the mine's world-class capabilities.