Hycroft Mining engages engineering firm to assess underground mining options

Hycroft Mining (HYMC) announced an update on its exploration activities at the Hycroft mine in Nevada. The company has engaged RESPEC to review underground mining options for the recently discovered high-grade silver systems at Brimstone and Vortex. The scope of work includes evaluation of mining methods, conceptual mine design, and schedule development, culminating in an internal report to the company. In parallel, the company is evaluating the development of an exploration decline to enable underground drill access. RESPEC’s engineering work will determine the optimal portal location and appropriate decline dimensions, which could also support future production. With this work now completed, Ausenco Engineering can complete the Initial Assessment Technical Report with economics. The company is anticipating that it will be complete during Q2.