Heritage Intersects ~46 Metre Quartz-Sulfide Vein in second Hole at Zone 3 Extension

Heritage Intersects ~46 Metre Quartz-Sulfide Vein in second Hole at Zone 3 Extension

(TheNewswire)

Heritage Mining Ltd.

Widest Vein Ever Intersected at Drayton-Black Lake

VANCOUVER, BC TheNewswire - May 15, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce preliminary results from its 2025 diamond drill program at Zone 3 extension, Drayton Black Lake project (" Project "). Two scout holes have been completed, and a third hole is in progress, testing a major northeast-southwest striking linear magnetic feature that is granite-hosted.  The second scout hole (HML25-011) intersected the widest quartz vein ever drilled within the Project area to date, approximately 46m wide (true width ~32m, assuming the vein is near vertical).  The Company has therefore modified the current drill program to further test this quartz-rich structure at deeper and shallower levels, as well as along strike.

Zone 3 Extension Drill Highlights:

  • Drilling discovered a broad zone of granite-hosted quartz vein mineralization

  • Widest quartz vein ever intersected at the Project

  • Vein width is ~46 metres (from 209.40m to 255.55m)

  • Locally visible sulphides include chalcopyrite, galena, pyrite and hematite staining

  • Drill core is being logged, split and sent for assay as soon as possible

" We are extremely pleased to have intersected such a broad vein zone in only the second scout hole at Zone 3 Extension prospect.  Our geologists have observed locally significant sulphides in the quartz (galena, molybdenite, pyrite), indicating this structure acted as an important conduit for mineralized fluids. Tapping into such a broad quartz structure this early into the program underscores the significant opportunity at the Drayton-Black Lake Project for further discoveries within this established gold-rich camp.  This is an excellent start to Heritage's scout drill program, and we are now redesigning the drill program to ensure this mega-structure is pierced further along strike and at a range of depths. We look forward to reporting more results from the scout program in due course." Commented Peter Schloo, President, CEO and Director of Heritage Mining.


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size

Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size

Figure 1: HML25-011 Box 5 8 (top) to 69 (bottom), ~209.40m to ~255.55m (~46m); shows the thickest quartz sulfide vein ever intersected at Drayton-Black Lake.

Discussion of Results

The 2025 drill program at Zone 3 Extension is targeting granite-hosted mineralized quartz-vein structures that were first observed in the HML Zone 3 drilling program of August 2024. T wo scout holes (HML25-010 and -011) totalling 592m have been completed by the Company.  Both drill holes tested a northeast trending linear magnetic feature that is ~2km long and up to ~200m wide hosted by the Lake of the Bays Batholith.  These scout holes were drilled approximately ~1km from the nearest drill site at Zone 3 2024 drilling targets.

The first scout hole (HML25-010) intersected multiple zones of granite cut by broadly spaced, cm-scale quartz – pyrite – chalcopyrite veins. The second scout drill hole HML25-011 intersected much wider structural zones, including a massive quartz vein from 209.4m to 255.5m depth (true width ~32m), the widest quartz-vein structure ever intersected on the Project.  This "Mega" quartz structure is characterized by "dirty" quartz with moderate hematite staining and locally contains disseminated and vein-hosted pyrite, chalcopyrite, sphalerite, galena and molybdenite mineralization (Figure 4).  This maiden discovery of a "mega" quartz structure is highly encouraging and warrants further exploration.


Click Image To View Full Size

Figure 2: Plan map view showing the vein zone in HML025-011 (red line segment); line of section for Figure 3 is shown with a dashed white line.


Click Image To View Full Size

Figure 3: Cross-Section view showing planned holes to test the vein zone in HML025-011. The planned drill fan is arranged approximately perpendicular to the global trend of the linear magnetic feature shown on the map in Figure 2.

Figure 4: Selected mineralization photos from HML25-011 209.40m – 255.55m showing "dirty" quartz with moderate hematite staining and locally contains disseminated and vein hosted pyrite, chalcopyrite, sphalerite, galena and molybdenite mineralization.

Qualified Person

Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

HML:CC
Heritage Mining

Heritage Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Heritage Mining (CSE:HML)

Heritage Mining


Keep reading...Show less

District-Scale Opportunities with Historically Promising Assets

Heritage Mining Announces Closing of Strategic Investment

Heritage Mining Announces Closing of Strategic Investment

(TheNewswire)

Heritage Mining Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment

Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Ltd. Announces Closing of the Second and Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units

Heritage Mining Ltd. Announces Closing of the Second and Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Provides Exploration Update on New Millennium Prospect

Heritage Provides Exploration Update on New Millennium Prospect

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Non-Brokered Private Placement of Units and Flow-Through Units

Heritage Mining Announces Non-Brokered Private Placement of Units and Flow-Through Units

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - March 7, 2025 Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (" Heritage " or the " Company ") is pleased to announce a non-brokered private placement (the " Offering ") of units (" Units ") and flow-through units (" FT Units ") for gross proceeds of up to $1,3750,00.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Identifies Additional Gold Resources at the Reward Mine

Vertex Minerals Limited Identifies Additional Gold Resources at the Reward Mine

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that the Company's engineering and geology team at the Reward Mine have identified an additional two stope block that have not been previously reported. These stopes will be incorporated into the overall mine schedule, but provide an early source of mill feed.

HIGHLIGHTS:

- VTX's Technical Services team has identified a fully developed stope block to include in the mine production start-up.

- Stopes are suitable for airleg mining which will augment jumbo production.

- Stope blocks contains an Inferred Resource of 2,075 tonnes at 17.8 g/t Au and forms part of the 2023 Mineral Resource Estimate. With the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation.

- Stopes are additional to the PFS mine schedule which is illustrated in Figure 2* showing the location of the additional stope.

- Stope blocks are fully developed and have been sampled from development.

- This stope can be exploited as soon as services have been established.

The stopes were developed by a previous operator and are accessible from existing development. The additional stope blocks contain an Inferred Resource of 2,075 tonnes at 17.8 g/t Au containing 1,189 ounces of gold with the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation. These stopes forms part of the Mineral Resource Estimate reported in VTX Announcement 22 June 2023. They were not included in the production forecast detailed in the 2024 Pre-Feasibility Study (Announcement 3 January 2024). This was due to the complexity of existing airleg workings and uncertainty around access and ground conditions and wide spaced drilling which established these areas into an Inferred Resource Category.

Note: 'The Mineral Resources are additional to the Ore Reserves.'

Subsequent investigations, which included physical inspection of the levels and completing a geotechnical assessment, have concluded that the stopes are fully developed and accessible.

The quartz veins are exposed in the existing development and have been sampled. In total ninety-seven (97) face samples were taken along the stope and assayed for gold. Figure 3* illustrates the sample grades diluted to 1.5m width, which represents a minimum mining width, and the locations along the stope.

The density of sampling around the stope locations, along with accessibility adds to the confidence that the Company can successfully mine this area very early in the start-up of underground production. The Company believes the inclusion of these stopes is significant to early production, and that the stopes will be mined before the Company updates the Resource and Reserve Estimates for the Project. These samples were not used in the Resource.

The Company plans to exploit this stope once the mine services have been established and bring this stope into the initial stages of the production schedule.

Vertex's Executive Chairman, Roger Jackson commented: "Our new technical team has been established, and it is great to see them looking for the opportunities to add value to the high-grade underground production start-up.

This really does show the potential this mine has for high grade expansion. We are in the process of re-opening the underground mine with the establishment of mine services. Dewatering of the declines has commenced and is progressing to schedule."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0C116659



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer

Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer ("CFO") of Group Eleven, replacing Jeannine Webb, effective May 30, 2025.

Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years' experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Heritage Mining

Heritage Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×