PRECIOUS METALS

Helicopter pilot injured at HighGold project in Alaska

HighGold Mining said a pilot received minor injuries while the helicopter sustained “significant damage” following a forced landing at its Johnson Tract project in Alaska this week.

Staff reporter
 An overview of HighGold Mining’s Johnson Tract project in Alaska

An overview of HighGold Mining’s Johnson Tract project in Alaska

It said the helicopter, owned by its local contractor, did not have any passengers on board.

"We are grateful that no one was significantly injured, and we will continue to make the health and safety of our employees and contractors a top priority at HighGold Mining," president and CEO Darwin Green said.

The company said the contractor would be investigating the cause of the incident, in cooperation with the Federal Aviation Administration and the National Transportation Safety Board.

"The contractor's second helicopter remains on site to service the three drill rigs in operation as well as geophysical and geological survey crews," HighGold said.

It was expanding the scope of the Johnson Tract drilling programme thanks to an upsized offering in July which raised C$13.8 million at $1.73 per share.

HighGold had unveiled a high-grade resource for Johnson Tract in April, comprising an indicated 2.14 million tonnes at 10.93g/t gold-equivalent for 750,000oz Au-eq, and an inferred 0.58Mt at 7.16g/t for 134,000oz Au-eq.

It also has the Munro Croesus gold project in Ontario.

The well-supported company, which counts "a senior gold producer" and the Sprott Partnership Fund among its top shareholders, debuted on the TSX Venture Exchange in September.

Its shares (TSXV: HIGH) reached $2.46 in July and closed up 3.55% yesterday to $1.75 to capitalise it at $72.8 million (US$55.3 million).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.