Hycroft Once Again Drills Best Hole Ever

Core Insights - Hycroft Mining Holding Corporation has reported significant drill results from its 2024 exploration program at the Hycroft Mine, indicating high-grade silver mineralization [1][2] - The exploration program has successfully identified two high-grade silver trends, Brimstone and Vortex, challenging the previous perception of the Hycroft deposit as a low-grade system [2][7] Drill Results - The highlight from the Brimstone drill results includes Hole H24D-6018, which returned 21.2 meters of 2,359.68 g/t silver and 0.38 g/t gold, with a gold equivalent of 30.81 g/t [1][5] - Additional significant intercepts include 7.3 meters of 6,278.23 g/t silver and 0.59 g/t gold, including a remarkable 0.2 meters of 80,017.00 g/t silver [4][5] Exploration Program - The 2024 exploration drill program completed 9,058 meters of core drilling, aimed at improving continuity within the high-grade silver trends and extending mineralization [6][7] - The program is designed to enhance project economics by identifying opportunities to mine higher-grade ore early in the mine plan [6] Corporate Update - The company ended 2024 with approximately $49.6 million in unrestricted cash and remains compliant with its debt covenants [7] - The final metallurgical test work for the engineering study is progressing positively, further supporting the company's exploration efforts [2][7] Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits in northern Nevada, transitioning from oxide heap leaching operations to processing sulfide ore [8]