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Exploration

Hycroft is a low-sulfidation, epithermal system with numerous banded quartz veins similar to Midas-style mineralization. Exploration has been conducted on the property since the 1980s yet there has been no prior focus on understanding these veins and what they may mean to potential feeder systems.

Hycroft has conducted extensive drilling, hyperspectral imaging, geophysical surveys, soil and rock chip sampling programs, field mapping, historical data compilation, and regional reconnaissance around the mine area. These efforts are designed to improve the understanding of the known mineralization, as well as provide data for further exploration of the greater property position.



 


2022-2023 Exploration Drill Program

Most significant drilling program in nearly a decade

In July 2022 the Company began the largest exploration program at the Hycroft Mine in nearly a decade. The Company is focusing on the higher-grade opportunities identified in the 2021 and 2022 drill program and for the first time at Hycroft, a systematic approach to understanding the genesis of this world-class scale deposit, including potential feeder systems.

The 2022-2023 exploration drill program was designed to:

The goal of this work is to develop opportunities to mine higher-grade ore early in the mine plan, enhancing the project's economics.

The 2022-2023 exploration drill program comprised ~30,000 meters of RC drilling and ~7,500 meters of core drilling. The deposit remains open in all directions and at depth.
 


New High-Grade Silver Discoveries

Significant New Value Driver for the Hycroft Mine

Throughout 2023 Hycroft announced numerous high-grade silver discoveries in the Brimstone and Vortex zones below the known resource. Drill results returned high-grade silver intercepts from >100 g/t Ag to >2000 g/t Ag, and included the best hole ever drilled at Hycroft: hole H23R-5753 returning 85.3 meters of 534 g/t Ag. See news release dated November 16, 2023.

Highlights from the drilling include:

Figure 1
Northwest trend and northeast trend, open along strike as indicated by the arrows

 


 

 

 

 

 

 

 

Brimstone Drilling Result Highlights

News release dated November 16, 2023:

News release dated January 9, 2024:

For full details on the above drill results, visit https://hycroftmining.com/news/.

 

 

 

 

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