Hycroft Mining Holding Corporation announced additional drill results from its 2024 exploration program at the Hycroft Mine in Nevada on October 3, 2024. The drilling successfully extended the Vortex trend approximately 100 meters to the west, confirming the system remains open in all directions and at depth.
Highlights from the Vortex drilling include Hole H24D-6001, which intersected 124.4 meters of 102.59 g/t silver and 0.95 g/t gold, including a high-grade interval of 0.3 meters of 4,170.00 g/t silver and 0.03 g/t gold. Hole H24D-6002 returned 100.92 meters of 100.65 g/t silver and 0.38 g/t gold, with an interval of 0.5 meters of 3,310.00 g/t silver and 5.90 g/t gold.
Further significant intercepts include Hole H24D-6005 with 222.4 meters of 32.38 g/t silver and 0.45 g/t gold, containing 0.3 meters of 6,260.00 g/t silver and 0.06 g/t gold. The company reported an unrestricted cash balance of $56 million as of September 30, 2024, and confirmed compliance with its debt covenants.
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