Heritage Mining Zone 3 Successful SGH Soil Survey

Heritage Mining Zone 3 Successful SGH Soil 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 25, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce that the Zone 3 Spatiotemporal Geochemical Hydrocarbon survey "SGH Soils" report has been received and are very encouraging. The Company also has updated the drill program to focus on Zone 3 with historical confirmation drilling and SGH soil target testing.

Highlights:

  • The Zone 3 SGH analysis suggest stronger gold anomalies when compared to the SGH orientation survey at Alcona (Figure 1,2,3,4)

  • Drill program updated to focus on Zone 3 historical and SGH Anomalies (Figure 4)

  • Zone 10 SGH results pending

"The Zone 3 results from the SGH survey are very encouraging in relation to Alcona and therefore support evaluating SGH anomalies with diamond drilling at Zone 3. Drilling to commence in short order. Drill pads and waterline trail have been completed. 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.


Click Image To View Full Size

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


Click Image To View Full Size

Figure 2 -  Zone 3 (Left) and Alona (Right) SGH Gold Pathfinder Class Map.

Figure 3: HML – DBL - Zone 3 -  SGH "Gold" Pathfinder Class Map

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

Figure 4 - HML-DBL-Zone3 SGH "Gold" Pathfinder Class Map with Planned Drill Holes

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 Ltd. Announces Amendments to Option Agreement with Stillwater Critical Minerals Corp.

Heritage Mining Ltd. Announces Amendments to Option Agreement with Stillwater Critical Minerals Corp.

(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 Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

Heritage Mining Announces Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - October 21, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce that it has closed the first tranche (" Tranche One ") of its fully allocated non-brokered private placement financing previously announced on September 23, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

(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 Partnership with Altitude Capital Consultants Inc. and Non-Brokered Private Placement

Heritage Mining Announces Partnership with Altitude Capital Consultants Inc. and Non-Brokered Private Placement

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC, September 23, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the engagement with Altitude Capital Consultants Inc. (" Altitude "). This strategic partnership aims to enhance the Company's market presence by providing capital market advice in respect of potential capital market strategies as it relates to all future financings and by reviewing and analyzing strategic opportunities for the Company. Heritage is also pleased to announce a Non-Brokered Private placement up to C$1.313M to fund its upcoming exploration program and working capital.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Identifies Intrusion-Related Mineralization at Zone 3

Heritage Mining Identifies Intrusion-Related Mineralization at Zone 3

(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
Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

98 metres of copper sulfides reinforce large-scale sediment-hosted copper potential

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Red Metal Resources Executes Definitive Agreement to Acquire 100% Interest in Mineral Claims Package in Ville Marie, Quebec, Contiguous to Recent Hydrogen Discovery

Red Metal Resources Executes Definitive Agreement to Acquire 100% Interest in Mineral Claims Package in Ville Marie, Quebec, Contiguous to Recent Hydrogen Discovery

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that it has completed due diligence and executed a Definitive Agreement (the "Agreement") with an arm's length vendor to acquire a 100% interest in three separate packages of mineral claims and mineral claim applications directly contiguous to Quebec Innovative Materials Corp.'s ("QIMC") recent Hydrogen sample discovery of over 1,000 ppm, announced on September 4th 2024. These mineral claim blocks are located within the Timiscaming Graben formation approximately 15 km north of the town of Ville Marie, Quebec, located between two major mining cities and is accessible by road (Route 101).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Noble Completes Phase 1 Drilling on Boulder Project near Hearst, Ontario:

Noble Completes Phase 1 Drilling on Boulder Project near Hearst, Ontario:

(TheNewswire)

Noble Mineral Exploration Inc.

Provides Update on Timmins and Wawa Area, Gold Projects

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce an expansion that almost doubles the mineral claims package at the Baptiste Nickel Project (" Baptiste " or the " Project "), located within the Company's wholly-owned Decar Nickel District (" Decar ").  The total area of the Decar claims package is now approximately 451 km 2 providing several benefits to the development of Baptiste, including geological potential, project development flexibility, and simplification of the regional engagement landscape.

Decar Nickel District Expansion

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Grid Battery Metals Update - Drilling Completed on its Clayton Valley Lithium Project

Grid Battery Metals Update - Drilling Completed on its Clayton Valley Lithium Project

Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion

Mr. Tim Fernback, Company President and CEO comments "Now that our fall drilling program at our Clayton Valley Lithium Project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab. One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falco Advances Towards Development of the Horne 5 Project

Falco Advances Towards Development of the Horne 5 Project

Falco Resources Ltd. (TSX.V:FPC) (" Falco " or the " Corporation ") is pleased to provide a corporate update on its flagship Horne 5 Project located in Rouyn-Noranda, Québec (the " Falco Horne 5 Project " or the " Project "). Following the completion of the public hearing process with the Office of Public Hearings on the Environment (" BAPE "), Falco continues to file documentation and provide responses to the BAPE, in view of the completion of its report, which is due for submission to the Minister of the Environment, the Fight Against Climate Change, Wildlife and Parks by December 26, 2024. Also, with the continued strength in gold and copper, Falco will work towards updating the 2021 Feasibility Study, which utilized a gold price of US$1,600 and a copper price of US$3.25lb, with targeted completion for H1-2025.

News Provided by GlobeNewswire 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

×