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)
Stacked gold bars with rising graph and text reads: "Weekly Editor’s Picks."

Editor's Picks: Gold, Silver Prices Jump on Treasury's Surprise Move, What's Next?

The gold price kept rising this week, breaking through the US$4,600 per ounce level. Silver was on the move as well, pushing past US$69 per ounce.A slew of drivers for both precious metals emerged during the period, but what's attracting the most attention is an announcement from the US... Keep Reading...
A wooden plank balances on a cylinder labeled "BALANCE" with balls marked "RISK" and "REWARD" against a yellow background.

What Mining's "Legendary" Investors Do Differently

At first glance, “legendary” resource investors don’t look that different from everyone else. They still miss trades, sit through drawdowns and argue about macro. What separates them is less about stock picking and more about how they think, structure their portfolios and behave when markets are... Keep Reading...
John Rubino, gold and silver bars.

John Rubino: Gold, Silver Bull Run Not Over, Expect "Dramatic" Prices

John Rubino, who writes a newsletter on Substack, shares his long-term outlook for gold and silver, saying that this year's price run and pullback are not the end of the bull market. "I think the numbers that we'll start seeing for gold and silver will be dramatic compared to today's numbers,"... Keep Reading...

Onyx Gold Intersects 1.7 g/t Au over 67.0 Meters, Including 13.2 g/t over 6.0 Meters and Visible Gold Grading 73.4 g/t Au at Argus Main

Drilling Continues to Define Higher-Grade Plunging Mineralization within the 1.4-km-long Argus Gold System Onyx Gold Corp. (TSXV: ONYX,OTC:ONXGF) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to report assay results from an additional nine (9) drill holes from the Argus Gold System... Keep Reading...
Skull Ridge Gold Acquires 17,225-Hectare Strategic Land Position Along Emerging Crippleback–Stony Lake Gold-Copper Corridor

Skull Ridge Gold Acquires 17,225-Hectare Strategic Land Position Along Emerging Crippleback–Stony Lake Gold-Copper Corridor

Skull Ridge Gold Corp. (CSE: SKUL) (“Skull Ridge” or the “Company”) is pleased to announce that it has acquired, through an arm’s-length Newfoundland prospector 689 mineral claims covering approximately 17,225 hectares in Central Newfoundland. The claims were acquired through the reimbursement... Keep Reading...

Interactive Chart

Latest Press Releases

Related News