Hycroft Mining Holding Corporation announced on January 14, 2025, that Hole H24D-6018 from its 2024 exploration drill program at the Hycroft Mine was the best hole ever drilled in the mine's over 40-year history. This hole intersected 21.2 meters of 2,359.68 g/t silver and 0.38 g/t gold.
The intercept included multiple intervals exceeding 6,000 g/t silver, with a peak of 0.2 meters of 80,017.00 g/t silver and 1.62 g/t gold. These results firmly establish high-grade continuity up-dip approximately 60 meters from a previously reported high-grade intersection.
The presence of coarse grain argentotetrahedrite and chalcopyrite crystals suggests Brimstone is derived from a more proximal magmatic source, a significant shift from the previous description of Hycroft as a low sulfidation system. The company concluded its 2024 exploration drill program, completing 9,058 meters of core drilling, and ended 2024 with approximately $49.6 million in unrestricted cash.
Hycroft also maintained a Total Recordable Injury Frequency Rate (TRIFR) of 0.00 for the year, achieving over 1,500 days of no lost-time-incidents. The successful program expanded the two silver-dominant high-grade trends at Brimstone and Vortex, enhancing the understanding of the Hycroft system.
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