Highway 50 GOLD Discovers New Lead Zinc Zone at Monroe Project
NEWS RELEASE
HIGHWAY 50 GOLD DISCOVERS NEW LEAD ZINC
ZONE AT MONROE PROJECT
Vancouver, British Columbia – Highway 50 Gold Corp. (TSX.V – HWY)
June 21, 2017
Highway 50 Gold Corp. (the “Company”) announces it has discovered a significant lead-zinc-albite
alteration zone in the deepening of drill hole HWY-16-01 at the Monroe project located in southeastern
British Columbia. Although no economic or subeconomic mineralization was encountered, management
believes the lead-zinc discovered in HWY-16-01 is conclusive evidence that a lead-zinc mineralizing event
was active at Monroe on or about the same stratigraphic time as the Sullivan orebody.
Drill-hole HWY-16-01 was cased to 815 metres. Upon re-entry, the hole was drilled to a final depth of
1,079 metres. The hole intermittently intersected a 170 metre thick interval of moderate to intense albite
alteration with attendant sphalerite and galena mineralization as disseminations, re placements and
veinlets. This zone occurs within a horsted (uplifted) block and, as such, may represent an alteration
front related to stratiform lead-zinc-silver mineralization located in an adjacent graben (down-dropped)
block.
As previously reported, HWY-17-03 drilled a graben infill similar to the Sullivan hanging wall sequence
including 40 metres of argillaceous mudstone with abundant pyrrhotite laminations immediately
underlain by 6 metres of albitized fragmental. This alteration was subsequently underlain by a zone
containing sphalerite and galena in tension cracks and veinlets over 40 metres. The hole was deepened to
918 metres ending in the top of the footwall quartzites, providing a stratigraphic tie.
Drillhole HWY-17-04 is planned as a step-out from HWY-16-01 at the same site, to be drilled in a north-
westerly direction. The intention is to obtain a pierce-point approximately 400 metres to the north-west
of HWY-16-01. The Company also plans to deepen HWY-16-02 in the upcoming program. Now that
significant lead-zinc mineralization has been identified on the project, follow -up drilling will
systematically step-out in search of zones with economic grades.
The Company has an option to earn a 50% interest in the Monroe property by spending annual optional
exploration expenditures totaling $3,000,000 over the next four years. The Company has spent $500,000
on the project over the last year.
The scientific and technical disclosure in t his news release has been approved by Gordon P. Leask,
P.Eng., President and CEO of the Company, and a Qualified Person as defined by National Instrument
43-101 (Standards of Disclosure for Mineral Projects).
For additional information:
Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.
Tel: 604.681.4462
Email: [email protected] or [email protected]
About Highway 50 Gold Corp.
Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienc ed explorers
and deal-makers. The Company is executing an exploration plan refined over 25 years of experience in
Nevada and the Aldridge Formation of southeastern B.C. The exploration focus on its projects are a
result of what management believes to be breakthroughs in the understanding of north-central Nevada’s
crustal architecture and new geological understanding on the Monroe property in B.C.
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Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding
the Company’s proposed plans for the exploration of the Monroe property; and the business and anticipated
financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual
results may differ materially from results contemplated by the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include the Company may not obtain
satisfactory results from its drilling program and exploration activities, changes in metal prices, changes in the
availability of funding, unanticipated changes in key management personnel and general economic conditions.
Mining is an inherently risky business. Accordingly the actual events may differ martially from those projected in
the forward-looking statements. When relying on forward-looking statements to make decisions, investors and
others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on
such forward-looking statements. The Company does not undertake to update any forward looking statements, oral
or written, made by itself or on its behalf.