Key Highlights
Stage
Development
Resource
Gold / Silver
Ownership
100%
Acres
64,000
M&I Gold Oz
10.6 M
Inferred Gold
3.4 M
M&I Silver Oz
361 M
Inferred Silver Oz
96 M
The Hycroft Mine is located in the Sulfur Mining District, 54 miles west of Winnemucca, and straddles Humboldt and Pershing counties, in Nevada. The mine is accessible year-round via Nevada State Route 49 (Jungo Road) and encompasses approximately 64,000 acres, including both patented and unpatented claims.
Gold Mineral Resources at Hycroft are 10.6 million ounces of Measured & Indicated ("M&I") and 3.4 million ounces of Inferred.
Silver Mineral Resources are 361.0 million ounces of Measured & Indicated and 96.0 million ounces of Inferred.
Hycroft has a long and successful history of oxide heap leaching operations. Today, the company is focused on completing the technical studies to transition Hycroft into the next phase of commercial operations by installing a milling circuit for processing the sulfide ore.
The Hycroft mine is permitted for both heap leach and milling operations and currently has extensive infrastructure on site including three-stage crushing facilities, leach pad capacity, and two Merrill Crowe plants with refinery.
In addition, the Company is engaged in a robust exploration drill program, applying a first principles approach to the Hycroft Mine. Through our understanding and interpretation of mineralization controls, we have been targeting the potential high-grade feeder zone(s) at depth. Hycroft announced the discovery of a new high-grade silver system at and drilled the ‘best hole ever’ in the mine’s more than 30-year history. That drill campaign resulted in the discovery of two very high-grade silver trends at depth. Drilling in this area is on-going. In addition, it is the Company’s belief that our new understanding of this system has relevant application to the district scale land package and that there is potential for new additional discoveries outside the known resource area
Technical Report
In March 2023, Hycroft completed an Initial Assessment on the Hycroft Mine.