The Conversation (0)
(TheNewswire)
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VANCOUVER, BC TheNewswire - June 28, 2023 Heritage Mining Ltd. (CSE:HML ) ( FRA:Y66) (" Heritage " or the " Company ") is pleased to announce it has secured AZI Drilling Ltd. (" AZI Drilling ") for its Phase 1 3600m drill program. Phase 1 drilling is planned to commence approximately July 31, 2023.
AZI Drilling's operational team has over 25 years of experience within the Canadian Shield and specializes in orogenic lode gold mineralized systems, which provides Heritage with an advantage with respect to its Phase 1 drill program. AZI Drilling has established relationships with First-Nation communities and remains open to equal employment opportunities with focus on recruiting local talent. AZI Drilling is also environmentally conscious utilizing systems to significantly reduce water consumption (by up to 90%) and the required drilling fluid additive while maintaining safety to all stakeholders as its top priority.
"We are proud to have AZI Drilling as our drilling partner, with aligned values, and look forward to working together as we advance our flagship Drayton - Black Lake Project. This engagement enforces our commitment to stakeholders to deliver results in a timely matter through our Summer drill program. We are very excited about what the Summer has in store for our flagship project and look forward to providing shareholders with additional updates in the near future" Commented Peter Schloo, CEO, President and Director of Heritage.
Discovery 2 Drill Rig Photos:
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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.
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