Hycroft Mining Initiates 2025-2026 Exploration Drill Program with Two New Drill Rigs in August

Hycroft Mining Holding Corporation has announced the initiation of its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada, utilizing two new drill rigs to explore approximately 14,500 meters of core drilling. The program aims to expand and advance high-grade opportunities at Brimstone and Vortex while supporting geophysics, geochemistry, and other step-out exploration in newly identified target areas. The two drill rigs, being operated by Timberline Drilling Incorporated and Alford Drilling, are scheduled to commence drilling in early August, marking the beginning of the program that will run throughout the year.

Key Takeaways:

• Hycroft Mining Holding Corporation has initiated its 2025-2026 Exploration Drill Program, utilizing two new drill rigs to explore approximately 14,500 meters of core drilling at the Hycroft Mine in Nevada.
• The program aims to expand and advance high-grade opportunities at Brimstone and Vortex while supporting geophysics, geochemistry, and other step-out exploration in newly identified target areas.
• The program builds on the successes of the 2023 and 2024 Drill Programs, which led to the discovery of two high-grade silver systems at Brimstone and Vortex.
• Drill results from the previous programs demonstrated significant high-grade silver mineralization grading several hundred grams per tonne, including intervals in the several thousand grams per tonne silver.
• The exploration team has refined the mineralization and structural controls of the high-grade systems, providing a new understanding of the Hycroft system and its potential for growth.
• Hycroft Mining's President and CEO, Diane Garrett, emphasized the importance of silver at the Hycroft Mine, stating that it represents a substantial and previously underappreciated source of potential future revenue.

Statistics:

• 14,500 meters of core drilling planned for the 2025-2026 Exploration Drill Program.
• Two new drill rigs, operated by Timberline Drilling Incorporated and Alford Drilling, scheduled to commence drilling in early August.
• The program aims to unlock the full potential of the Hycroft Mine, including the discovery of new high-grade silver systems and the expansion of existing ones.

Sources:

• Hycroft Mining Holding Corporation - PR Newswire, July 30, 2025
• Hycroft Mining Holding Corporation - Annual Report on Form 10-K for the year ended December 31, 2024