HighGold Mining has initiated plans to spin out its Ontario and Yukon exploration assets into a new company that will be named Onyx Gold. Spinning out these assets makes sense as HighGold does not get any value as the flagship Johnson Tract gold project in Alaska gets all the attention while the company also gets the biggest bang for its buck expanding and further exploring the Johnson Tract area where the company has outlined a total resource of 1.15 million ounces gold-equivalent across all categories (with 1.05 million ounces gold-equivalent in the indicated resource category at an average grade of 9.39 g/t while ... (full story)