#United States #VORTEX #gold and silver #Hycroft #Winemmucca

Hycroft Mining Corporation Announces Exceptional Vortex Drill Results

Winemmucca, Nevada – April 2, 2026 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) has made a significant announcement regarding the results from their ongoing 2025-2026 Exploration Drill Program at the renowned Hycroft Mine. The drills have struck impressive intersections of 33.70 g/t of gold and a staggering 2,890 g/t of silver, affirming the site’s potential as a leading precious metals resource.

Hycroft, operating in a Tier-1 mining jurisdiction in Nevada, has identified exciting new structural intersections at the Vortex site, with further potential at depth and along strike. These discoveries come as a result of two years of detailed analysis and exploration, showcasing evidence of substantial mineral continuity and the scaling of the existing mineralization model.

Promising Results from Vortex Drill Holes

The focal point of the latest findings lies in drill hole H25D-6083, which reported:

• - 53.4 meters at 304.14 g/t silver and 1.33 g/t gold (with an equivalent of 4.86 g/t AuEq), highlighting significant intervals that outshine previous expectations.
• - Notably, it included 7.0 meters at an astonishing 1,241.97 g/t silver and 6.59 g/t gold (21.01 g/t AuEq), and a narrowing intersection of 0.9 meters containing 2,890.00 g/t silver along with 33.70 g/t gold (67.26 g/t AuEq).

The results not only confirm the geological and structural settings but emphasize the extraordinary potential of the mineralization patterns observed at both Vortex and Brimstone.

Expert Commentary

Diane Garrett, President and CEO of Hycroft, expressed her enthusiasm over the findings, noting their pivotal role in the project's advancement. “These exceptional drill results represent a pivotal stage in the advancement of our project, where two years of disciplined analysis and exploration deliver clear, high-impact success,” Garrett stated. The continuous success at Vortex reinforces the scale of these mineralized systems and presents opportunities for uncovering new resource potential.

Additionally, Alex Davidson, Vice President of Exploration, remarked on the significance of these findings from both Vortex and Brimstone sites, underlining the structural intersection's importance for future drills. “The intercepts in H25D-6083 are very exciting as they represent significant silver grades occurring alongside extremely high gold grades.” Davidson noted that further drilling plans have been initiated to explore the newfound depths and structures, and two additional core rigs will be arriving shortly to facilitate this work.

Corporate Development and Future Endeavors

Hycroft has concluded the first quarter of 2026 with around $189 million in unrestricted cash while remaining debt-free. The report also included pre-tax expenses approximating $33.8 million, primarily associated with compensation actions granted by the Board of Directors earlier in the year. These actions were taken to reward the leadership team for the effective execution of significant financial maneuvers.

The company remains focused on continuing its robust exploration, aiming to define and expand the high-grade silver systems within the resource area. In 2023, they announced notable discoveries and are currently implementing technical studies to shift the Hycroft Mine from oxide heap leach operations to a milling operation for processing sulfide mineralization, which is expected to add more value to its already substantial precious metal deposits.

Conclusion

The findings from Vortex signify just the beginning of what Hycroft Mining Corporation believes to be a much larger and significant discovery narrative that could redefine the company's presence within the precious metals market.

For more details or ongoing updates, you can reach out to their investor relations team through their official website at Hycroft Mining.