Heritage Mining Reports Successful SGH Orientation Survey

Heritage Mining Reports Successful SGH Orientation Survey

(TheNewswire)

Heritage Mining Ltd.

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

VANCOUVER, BC TheNewswire - July 17, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce that the Company has received a report entitled Orientation Survey for Spatiotemporal Geochemical Hydrocarbon Interpretation (" SGH "). The  results of the report show a very positive correlation to existing gold mineralization on the property ( Alcona Area). Based on these positive results the Company will proceed in using SGH surveys to identify new targets as well as focus in on existing permitted drill target areas.

The Company is also pleased to announce SGH soil results are pending from Zone 3 and Zone 10.

Highlights:

  • The overall precision of the SGH analysis for the samples at the Alcona Area Soil Survey was excellent. Mineralization exists at these locations as a vertical projection beneath these anomalies (Figure 3).

  • The SGH confidence rating for the Alcona survey assigned to the anomalies averages 5.0 on a scale of 6.0. The rating for the Alcona Orientation Survey results indicates that there is a high probability that gold mineralization is present, thereby supporting a property wide survey.

  • Predicted Gold Mineralization (Figure 3) complemented by Halo anomaly illustrating possible presence of Redox Zone (Figure 4) an environment associated with gold mineralization.

  • Zone 3 SGH Soils results are expected within the next week (Figure 5).

"The results from the SGH survey are very encouraging. We have already incorporated the SGH sampling into our current program with results pending from Zone 3 (Figure 5) (results expected within the next week) and Zone 10 with additional priority target areas to follow. We believe this will be a key exploration tool to advance target areas to drill ready status while remaining efficient in capital deployment.

Furthermore, as mineralization in the area holds similar characteristics, we will also be incorporating this process into our non-core projects, Contact Bay and Scattergood.

We look forward to updating the market on further developments of our program in the very near future." Commented Peter Schloo, President CEO and Director of Heritage.

SGH – Overview

Location of SGH orientation program at the Alcona Area (Figure 1) with focused area of confirmed mineralization at the Alcona Area (Figure 2)


Click Image To View Full Size

Figure 1 – Reduced-to-Pole Magnetic Intensity over Bedrock Geology


Click Image To View Full Size

Figure 2 Alcona Area orientation grid soil sampling 2024

Map Legend (Figure 3 & 4)

The SGH Class maps are the plot of the sums of the particular hydrocarbon class in parts-per-trillion concentration. The dark blue areas of these maps represent very low or non-detect values or areas where no samples were taken. For plotting purposes the values at the Reporting Limit are plotted as one-half of this filtering, or one-half of 1.0 ppt. The hotter  (Red to Purple) colours represent higher concentrations of the sum of the hydrocarbon class with the highest values being purple in colour. The lowest concentrations that may be at 0.5 ppt, are shown in blue.


Click Image To View Full Size

Figure 1: Heritage Mining – ALCONA SGH "GOLD" PATHFINDER CLASS MAP

Mineralization exists at these locations as a vertical projection beneath these anomalies (Yellow outline).


Click Image To View Full Size

Figure 2: Heritage Mining – Alcona SGH "REDOX" PATHFINDER CLASS MAP

Alcona

The Alcona Area had 88 samples collected on a square grid with sample spacing of approximately 25m. These samples were received by Actlabs and were sorted. After drying and subsequent sieving, the samples were analyzed in the Organics Laboratory. Samples were extracted and analyzed by Gas Chromatography coupled with Mass Spectrometry (GC/MS). The data was processed and initial mapping completed. After review and interpretation, a second set of SGH Class maps was developed. The background SGH information, site interpretation and final maps were then entered into the SGH Interpretation Report. The overall precision of the SGH analysis for the samples at the Alcona Area Soil Survey was excellent as demonstrated by 6 samples taken from this survey which were used for laboratory replicate analysis and were randomized within the analytical run list. The average Coefficient of Variation (%CV) of the replicate results for the samples in this survey was 9.1% which represents an excellent level of analytical performance especially at such low parts-per-trillion concentrations.

Zone 3 SGH Program


Click Image To View Full Size

Figure 5 – Zone 3 - SGH Locations – Pending

Qualified Person

Mitch Lavery 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, Contact Bay and Scattergood projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . The 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.

Copyright (c) 2024 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
Heritage Mining Appoints Thomas Reid CPA, CA to its Board of Directors

Heritage Mining Appoints Thomas Reid CPA, CA to its Board of Directors

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - January 7, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) ("Heritage" or the "Company") is pleased to announce the appointment of Thomas Reid to the Company's board of directors (the "Board"). Mr. Reid will be succeeding James Fairbairn, who has retired from the Board with immediate effect.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Exercises Option to Acquire 100% Interest in the Zarn Lake Claims forming a portion of the Drayton-Black Lake Project

Heritage Exercises Option to Acquire 100% Interest in the Zarn Lake Claims forming a portion of the Drayton-Black Lake Project

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - January 2, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce it has exercised its option (the " Option ") to acquire 40 mining claims in Ontario (the " Zarn Lake Claims ") pursuant to an option agreement dated January 6, 2021 (the " Option Agreement ")  between the Company and Paul Riives (" Paul Riives "). The Zarn Lake Claims are contiguous with and form a portion of the Company's flagship Drayton - Black Lake Project (Figure 1,2,3).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Prospecting Program Reports up to 7.38g/t within Granitic Intrusion at Zone 3 Extension

Heritage Mining Prospecting Program Reports up to 7.38g/t within Granitic Intrusion at Zone 3 Extension

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - December 19, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce the results from its Zone Three Extension exploration and prospecting program located in the southeast side of its flagship project Drayton Black Lake ("DBL") totalling ~18,907Ha. The program included 62.3km traversed, 185 outcrops described with 83 grab samples (Figure 1). The program was undertaken to provide on-the-ground clarity where possible of the contact between the Mafic Metavolcanics and the Lake of the Bays Batholith. DBL is located approximately 20km northeast of Sioux Lookout, Ontario (Figure 5) and covers 30 km of the Central Volcanic and Southern Sedimentary domains within the Eagle-Wabigoon-Manitou (" EWM ") Greenstone Belt, which also hosts NexGold's (TSX.V: NEXG) Goliath Gold-Silver Complex immediately to the southwest.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Exploration Permit for Contact Bay Project

Heritage Mining Announces Exploration Permit for Contact Bay Project

(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 Further Expands Land Position and Provides Exploration Update

Heritage Mining Further Expands Land Position and Provides Exploration Update

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - November 19, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the claim package expansion at its flagship Drayton Black Lake (" DBL ")  based on experts recommendations Brett Davis and Dr. Gregg Morrison in addition to an update on the ongoing 2024 exploration program over the Ontario Project Portfolio. The Company believes the progress achieved to date represents important milestones for systematic exploration in one of the last underdevelopment greenstone belts in Northwestern Ontario.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Cygnus Metals Ltd.  Opens the Market

Cygnus Metals Ltd. Opens the Market

Ernest Mast, President and Managing Director, Cygnus Metals Ltd. (TSXV: CYG) ("Cygnus Metals" or the "Company"), and his team, joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's new listing on TSX Venture Exchange.

Cygnus Metals Limited (TSXV: CYG) (ASX: CY5) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

MEDIA CONTACT:
Laurie Gaborit
Advisor, Investor Relations
lgaborit@cygnusmetals.com
416.219.2049

Paul Armstrong
Read Corporate
+61 8 9388 1474

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236970

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Welcomes the Participation of the Quebec Government in Its Gaspé Copper Project

Osisko Metals Welcomes the Participation of the Quebec Government in Its Gaspé Copper Project

Osisko Metals Incorporated (the " Company or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to welcome the participation of the Government of Quebec in its Gaspé Copper Project, located next to the Town of Murdochville in the Gaspé Peninsula, on the traditional territory of the Mi'gmaq First Nation of Gespe'gewa'gi.

The Government of Quebec will lead a pilot project to create a committee that seeks to maximize the economic benefits of the Gaspé Copper Project. The committee will be overseen by the Ministère des Ressources naturelles et des Forêts (Quebec Ministry of Natural Resources and Forests) and aims to optimize socio-economic benefits in the Gaspé Peninsula by ensuring strong collaboration with the business community throughout the project development process.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
FPX Nickel Announces Results of Baptiste Nickel Project Economic Impact Study

FPX Nickel Announces Results of Baptiste Nickel Project Economic Impact Study

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the results of an Economic Impact Study (the "Study" ) completed for the Company's Baptiste Nickel Project (" Baptiste " or " the Project "). The Company engaged Mansfield Consulting Inc. to assess the potential regional, provincial, and national economic impact of the Baptiste Nickel Project, based on the findings of the Company's Pre-Feasibility Study ("PFS" ) published in September 2023 .

The Economic Impact Study focuses on quantification of the economic impacts that would be created by the development and ongoing operations of the Project, and assesses the regional employment impacts created by the Project; the Study does not replace or alter the findings of the PFS. Amounts herein are in Canadian Dollars unless otherwise noted.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Awalé's Transformative 2024 Sets the Stage for an Ambitious 2025

Awalé's Transformative 2024 Sets the Stage for an Ambitious 2025

HIGHLIGHTS

  • Charger Zone: A significant gold target in Awalé's portfolio, marking a transformative achievement in 2024 with some of the highest-grade intercepts in Africa in the last 12 months.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
RMI: granted option to acquire JV interests in Saudi Arabia

RMI: granted option to acquire JV interests in Saudi Arabia

AuKing Mining (AKN:AU) has announced RMI: granted option to acquire JV interests in Saudi Arabia

Download the PDF here.

Heritage Mining

Heritage Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×