Heritage Mining (CSE:HML)

Zone 3 2024 Drilling Program Commenced


Heritage Mining Ltd. (CSE: HML FRA:Y66) (“Heritage” or the “Company”) is pleased to announce that the 2024 drilling program has started over the weekend at Zone 3. The program will focus with historical confirmation drilling and SGH soil target testing.

Highlights:

  • Zone 3 Drill Program Start (Figure 1)

Figure 1: Zone 3 2024 drill program, August 5, 2024

“We are very excited to have the drill turning at Zone 3. The mineralization from the first hole is very encouraging supporting our internal model, we are right where we want to be. More updates to come in the very near future.” Commented Peter Schloo, President CEO and Director of Heritage.

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.

Click here to connect with Heritage Mining (CSE:HML) to receive an Investor Presentation

Source

HML:CC
The Conversation (0)
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Aurum Resources (AUE:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Byron King, gold bars.

Byron King: Gold, Oil, Uranium — My Outlook and Stocks I Like

Byron King, editor at Paradigm Press, shares his outlook for gold, oil and uranium."A lot of great companies are on remarkable sales right now," he said. "Doesn't mean you go out and you buy every share you can with every dollar you've got. You know, you play it out over time. But the sector is... Keep Reading...
iMetal Resources Provides Update on Private Placement

iMetal Resources Provides Update on Private Placement

iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is providing this update on its previously announced non-brokered private placement (the "Offering"). The Offering will now consist of up to 30,000,000 units (each, a "Unit"), at a price of $0.10... Keep Reading...
Gold bars with financial chart overlay; text says "Weekly Editor's Picks."

Editor's Picks: Precious Metals Prices Bumpy, China Makes Major Gold Move

The gold price was on the move this week, pushing back above the US$4,000 per ounce level and rising to nearly US$4,160 before pulling back.Silver followed a similar trajectory, reaching a midweek peak of US$60.50 per ounce.The precious metals were initially buoyed by increased conflict between... Keep Reading...
Frank Trotter, gold bars.

Frank Trotter: Gold Price Going Higher, How to Put Your Metal to Work

Frank Trotter shares an update on Battle Bank, saying it's now open for business. The CEO also discusses gold's positive long-term prospects and why it's key for investors to own. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no... Keep Reading...
Brent Cook, mining truck.

Brent Cook: Junior Miner Red Flags, Plus Metals I Like Now

Brent Cook, founder of Exploration Insights, shares his outlook for the resource sector, saying his conviction in the space remains strong. "Ignoring where we're at right now, which is kind of (the) summer doldrums — looking out to the end of the year and into next year, I think we're going to... Keep Reading...

Interactive Chart

Latest Press Releases

Related News