Invest in a World-Class Asset and Team
- One of the world’s largest gold and silver deposits, located in a Tier-1 jurisidiction –– Nevada, USA
- Highly leveraged to gold and silver prices
- Significant upside potential –– less than 10% of the land position has been explored and new discoveries being made
- Development well-advanced compared to peers with significant infrastructure on site and permitting in place
- Transitioning the mine to large scale milling of the sulfide ore with engineering studies underway
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New high-grade silver discoveries represent a significant new value driver for the Hycroft Mine
- Strong cash position that enables discovery, strategic alliances and M&A
- Executive leadership team with proven track record of successful project development
M&I AuEq Oz
15.2 M
Inferred AuEq Oz
4.6 M
Cash
$66 M 1
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As of January 5, 2024, after $38M voluntary pre-payment of Sprott first lien loan.
New silver discoveries a significant value driver for the Hycroft Mine
Recent results reveal two new trends with continuous high-grade silver greater than 137 g/t with areas of very high-grade silver (> 2000 g/t) in well-defined veins:
- A northwest trend extending from Vortex to Camel (> 600 meters strike).
- A northeast trend extending from Vortex to Brimstone (> 800 meters strike).
- Both trends are open along strike.
Northwest trend and northeast trend, open along strike as indicated by the arrows
Drilling in 2024 will follow up on the results from 2023, which intercepted very high-grade silver including the best hole ever drilled: 85.3 meters of 534 g/t Ag.
Highlights from the drilling include:
- Confirmation of well-developed veins with very high-grade silver.
- The new Brimstone silver system is strong in continuity, extending more than 800 meters in strike and remains open.
- Evaluation of results from the Drill Program reveals two new trends with continuous high-grade silver greater than 137 g/t (see Figure 1):
- A northwest trend extending from Vortex to Camel (> 600 meters strike).
- A northeast trend extending from Vortex to Brimstone (> 800 meters strike).
- Both trends are open along strike and additional drilling is expected to demonstrate that these trends intersect.
Learn more:
- October 23, 2023 - Hycroft Mining Finds Elevated Silver Across The Hycroft System In Phase 2 Drilling
- November 16, 2023 - Hycroft Drills Best Hole Ever - Discovers New High-Grade Silver System
- January 9, 2024 - Hycroft Delivers More High-Grade - Expands New Silver System At Brimstone
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