Saving Grace
2 días hace
Hycroft Added To the Solactive Global Silver Miners Total Returns Index
It's all set up for restart boom.
WINNEMUCCA, Nev. , April 25, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (" Hycroft " or "the Company") is pleased to announce that Hycroft will be added to the Solactive Global Silver Miners Total Returns Index (the "Silver Index"), effective May 1, 2024 .
Diane R. Garrett , President and CEO of Hycroft, commented: "We are incredibly pleased with Hycroft's inclusion on the Solactive Global Silver Miners Total Returns Index as it is an important achievement and comes at a time of strong tailwinds in the price of commodities."
As noted in Solactive's Global Silver Miners Total Returns Index Guideline, companies included on the Silver Index must have "significant business operations in silver mining" with either "significant revenues generated or expected to be generated in the future either from silver mining or closely related activities (i.e.exploration and refining of silver) and a free float market capitalization of at least US$60 million ". The index is comprised of up to 40 companies that meet the criteria specified in the guidelines and includes international companies active in exploration, mining and/or refining of silver from across the industry and varied geographic locations. Inclusion in this Silver Index reflects the Company's growth and accomplishments and provides Hycroft's investors enhanced liquidity, and trading flexibility by giving the Company a higher profile within the investment community.
As previously reported, Hycroft initiated the largest exploration program at the Hycroft Mine in over a decade, which culminated in the best hole ever drilled in the history of Hycroft resulting in a very high-grade underground silver discovery. For more information please visit our website at www.hycroftmining.com .
For more information on the requirements for inclusion in the Silver Index, please visit https://solactive.com/downloads/Guideline-Solactive-SOLGLOSI.pdf?v=0429 .
https://hycroftmining.com/news/hycroft-to-be-added-to-the-solactive-global-silver-miners-total-returns-index
Notice Diamond!
Oleblue
4 días hace
Hycroft Once Again Drills Best Hole Ever
21.2 meters of 2,359.68 g/t silver
Multiple intervals exceeding 6,000 g/t silver
WINNEMUCCA, NV, January 14, 2025 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) announces additional drill results from the 2024 exploration drill program (the "Drill Program") at the Hycroft Mine, located in Nevada, a Tier-1 mining jurisdiction.
Highlights from the drilling include:
Hole H24D-6018 was drilled to the southeast approximately 60 meters from Hole H24D-6010 designed to test the extension of Brimstone up-dip
Robust drill results continue to confirm continuity of Brimstone high-grade silver dominant trend, extending mineralization along strike and up-dip
See Table 1 for additional information
Brimstone drill highlights:
H24D-6018: 21.2 meters of 2,359.68 g/t Ag and 0.38 g/t Au (30.81 g/t AuEq) Including:
7.3 meters of 6,278.23 g/t Ag and 0.59 g/t Au (81.55 g/t AuEq)
including 0.2 meters of 80,017.00 g/t Ag and 1.62 g/t Au (1,033.42 g/t AuEq)
Alex Davidson, Vice President, Exploration commented: “Hole 6018 topped Hole 5753 as the best hole ever drilled at Hycroft in its more than 40-year history. The results from this Brimstone hole firmly establish high-grade continuity up-dip approximately 60 meters from Hole 6010, reported October 16, 2024. Our strategy of using a multi-disciplined approach, utilizing geochemical, structural, assay, and geophysical data collected from this year for exploration is paying off as we continue to define the geometry of Brimstone. The presence of coarse grain argentotetrahedrite and chalcopyrite crystals and aligned geochemistry from the high-grade zone suggests that Brimstone is derived from and more proximal to a magmatic source as previously mentioned in the October 16, 2024, news release. This is important because it is a significant shift from what the Hycroft deposit has been previously described as - a low sulfidation system. We are continuing to gain a clearer picture of the substantial opportunities for high-grade mineralization in the significantly under-explored Hycroft system”.
Diane R. Garrett, President and CEO commented: “As we have said before – Hycroft is an untold story and the drill results to date confirm that. Hycroft was always considered a large low-grade system but the two high-grade silver dominant trend discoveries over the past year are dispelling that view. In addition to the excellent performance by our exploration team, the final metallurgical test work for the engineering study is progressing positively. Congratulations to the entire Hycroft team for concluding another year maintaining a TRIFR (total reportable injury frequency rate) of 0.00 and achieving more than 1,500 days of no lost-time-incidents (“LTI’s”)”.
Exploration Drill Program
The Drill Program was designed to improve continuity within the recently discovered high-grade silver trends (Vortex and Brimstone), extend mineralization along strike and at depth, and test new exhibiting potential for high-grade within and outside the currently known resource. Through this work, the Company hopes to develop opportunities to mine higher-grade ore early in the mine plan, thereby enhancing project economics. The Drill Program completed 9,058 meters of core drilling. The drilling is being conducted by Timberline Drilling Incorporated of Elko, NV. Assays are being completed by ALS Geochemistry of Reno, NV. The Company's Qualified Person is Alex Davidson, Vice President, Exploration.
Corporate Update
The Company has concluded the 2024 exploration drill program completing 9,058 meters of core drilling. Additional assays are pending. The program was hugely successful in continuing to expand the two-silver dominant high-grade trends at both Brimstone and Vortex. The technical team is assimilating the drill data, geophysics, mapping and surface samples to further enhance its new and evolving understanding of the Hycroft system and select prospective targets for a future drill program. The Company ended 2024 with approximately $49.6 million in unrestricted cash and remains in compliance with its debt covenants.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a US-based gold and silver company developing the Hycroft Mine, among the world's largest precious metals deposits located in northern Nevada, a Tier-One mining jurisdiction. After a long history of oxide heap leaching operations, the Company is focused on completing the technical studies to transition the Hycroft Mine into the next phase of commercial operations for processing the sulfide ore. In addition, the Company is engaged in a robust exploration drill program to further expand the newly discovered high-grade dominant silver systems and unlock the full potential of this worldclass asset.
For further information, please contact:
info@hycroftmining.com
www.hycroftmining.com
Cautionary Note Regarding Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future production, reserve estimates, exploration outlook and expected expenditure, and operational and financial performance. The exploration target does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve, as ranges of potential tonnage and grade (or quality) of the exploration target are conceptual in nature; there has been insufficient exploration of the relevant property or properties to estimate a mineral resource; and it is uncertain if further exploration will result in the estimation of a mineral resource. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed or implied by the "forward-looking statements". Such assumptions, include, but are not limited to the key assumptions set forth on page 4 hereof. Investors are also encouraged to refer to the Company's Form 10-K for its fiscal year 2023, filed with the SEC on March 14, 2024 , as updated by Form 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2024 filed with the SEC on May 7, 2024, August 6, 2024, and November 5, 2024, respectively, as well as Hycroft's other SEC filings for additional information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.
https://mailchi.mp/1ec79c6b4a30/hycroft-drills-best-hole-ever-discovers-new-high-grade-silver-system-12745426?e=126ed5a598
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Saving Grace
4 semanas hace
Underground Mine and would be restart, per filing April 3
Just like I have posted.
WINNEMUCCA, NV, April 3, 2024 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to provide an
update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is
targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 “Hycroft Drills Best Hole
Ever - Discovers New High-Grade Silver System”). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue
through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization
between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of
structural controls.
Alex Davidson, Vice President, Exploration, commented “The paradigm is shifting with our understanding of what is controlling the high-grade mineralization
within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale
targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a
potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our
shareholders.”
Mr. Davidson also commented: “The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The
Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at
depth.”
Diane R. Garrett, President and CEO stated: “The exploration and on-going technical work at Hycroft is solidifying our belief that the potential of this asset has
yet to be fully understood. Through our work and on-going communications and marketing to the investing public, our story is resonating positively and we are
pleased to see that reflected in the recent performance of our share price.
“Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a
commitment to health and safety at site continuing to maintain a 0.00 TRIFR
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Drilling extends Vortex west ~100 meters
Multiple intervals exceeding 1000 g/t silver
Significant gold intercepts being encountered
WINNEMUCCA, Nev., Oct. 3, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") announces additional drill results from the 2024 exploration drill program (the "Drill Program") at the Hycroft Mine, located in Nevada, a Tier-1 mining jurisdiction.
Webinar
HYMC, Next Target, The Moon!
https://www.otcmarkets.com/filing/conv_pdf?id=17425150&guid=p9Q-kn8hn_NeJth
Hycroft Mine CEO Dr. Diane Garrett
https://packaged-media.redd.it/ia8klgvnrazc1/pb/m2-res_480p.mp4?m=DASHPlaylist.mpd&v=1&e=1715547600&s=5c5e26ce97c0a9e8876d9370e7fcd9b22683ea16#t=0
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