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Be the first with the news that moves the market- Heritage Mining (HML) reported the preliminary results from its exploration program at the Drayton-Black Lake Project in northwestern Ontario
- A Phase I field program has been completed for several areas. The team completed a 1,574-line km airborne geophysical survey over the property
- Several styles of high-grade mineralization were found based on field observations and early assay results from the Phase I field program
- Heritage Mining Ltd. (HML) is trading steady at C$0.105 as of noon ET
Heritage Mining (HML) reported the preliminary results from its exploration program at the Drayton-Black Lake Project in northwestern Ontario.
The new dataset includes surface exploration and diamond drilling data for more than 20 base and precious metal mineral occurrences and prospects.
A high potential for gold, gold-silver, and gold-copper areas has been identified for follow-up work.
A Phase I field program has been completed for several areas. The team completed a 1,574-line km airborne geophysical survey over the property.
Several styles of high-grade mineralization were found based on field observations and early assay results from the Phase I field program.
Heritage Mining’s President and CEO, Peter Schloo, said that these initial results are very encouraging and demonstrate the high (and extensive) footprint of gold mineralization at Drayton-Black Lake.
“Our field team noted many instances of extensive sulphide mineralization in veins, highly altered adjacent host rock, and these assay results confirm the association with high-grade gold mineralization. The New Millennium prospect, which has never been drilled, displays similar mineralization styles and high-grade gold tenors (up to 46.5 g/t Au in current sampling) and remains a priority target for our next phase of work. Fieldwork continues in our priority areas, and we look forward to communicating additional findings and drill targets to the market in short order, and we remain very excited about this project.”
Assay results are pending from several of the other exploration areas. The company’s field crew continues to conduct prospecting, mapping, and sampling on priority target areas. Upcoming fieldwork will focus on more detailed systematic mapping and sampling.
Heritage Mining is a Canadian mineral exploration company advancing its two high-grade gold-silver-copper projects, its flagship Drayton-Black Lake in Northwestern Ontario and the Contact Bay projects.
Heritage Mining Ltd. (HML) is trading steady at C$0.105 as of noon ET.
