Highway 50 Gold Corp. has discovered an extensive zone of gold mineralization at its Gold Knob project in north-central Nevada, returning 51.82 metres grading 0.60 g/t gold from discovery hole GK-26-9A.

The continuous mineralized zone begins at a depth of 128 metres and includes higher-grade intervals of 1.02 g/t gold over 4.6 metres and 2.74 g/t gold over 4.6 metres. Hole GK-26-9A was drilled at a -60-degree dip to the north with co-ordinates of 428158E and 4470044N.

The mineralization encountered to date is characterised by intense silicification, bladed calcite replacement, banded and coxcomb silica, and locally elevated sulphide content, alongside elevated arsenic, antimony, mercury and silver geochemistry. The system appears associated with an east-west structural zone intersecting a major north-northwest structural corridor.

The company commenced a 5,000-metre Phase I drill program at the 100%-owned project in June 2026. Field activities are backed by funding from an upsized private placement completed in March 2026, which raised gross proceeds of $2,414,000 to support drilling operations at the property.

"New discoveries are extremely rare in mature exploration terranes. This discovery is a direct result of management's efforts in generating a novel understanding of the deep crustal architecture responsible for the emplacement of the major gold districts of north-central Nevada."

— Gordon Leask, President and Chief Executive Officer

Following the initial results, Highway 50 staked an additional 205 claims surrounding the discovery area, and drilling remains ongoing across the project.

A follow-up hole, GK-26-18, was drilled approximately 1.15 kilometres southeast of the discovery hole to test a broad conductive anomaly identified by magnetotelluric geophysics. That hole intersected a 13.7-metre interval from 455 metres to 469 metres displaying geological characteristics similar to those observed in the discovery hole, beginning at approximately 451 metres depth. Assay results for hole GK-26-18 are currently pending.

Read the full announcement: Highway 50 Announces Large-Scale Gold Discovery at Gold Knob Project, Nevada