Business
Mineral Hill Announces commencement of field-work on its Chubb Lithium Property and Appointment of New Director
Trading Symbols: ---------------- TSX Venture Exchange: MHI
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbols:\n----------------\nTSX Venture Exchange: MHI\nFrankfurt Stock Exchange: N8Z/WKN: AODLHP\nPink Sheets: MHIFF\n\n\nVANCOUVER, Aug. 24 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or\n"MHI") is pleased to announce that, further to its news releases on May 12,\n2009 and August 17, 2009 with respect to its acquisition of two lithium\nproperties, the Company has commenced the first phase of fieldwork program on\nthe "Chubb Lithium Property" located in the northwestern part of Quebec\napproximately 32 kilometres northwest of the mining town of Val d'Or. The\nproperty is well located with respect to access roads and transportation.\n\n\nThe historical exploration back in 1955-1956 on the Chubb Lithium\nProperty has demonstrated the possibility of high grad-lithium mineralization\nand that the property indicated an ideal geological environment for hosting\nlarge tonnage lithium deposits with multiple target areas of lithium\nmineralization. The boundaries of the mineralized target areas are not\ncompletely defined.\n\n\nThe historical surface sampling, trenching and limited drilling completed\non the property are pre NI 43-101. A qualified person has not done sufficient\nwork to classify the historical estimate as current mineral resources, and\ntherefore the issuer is not treating the historical estimate as current\nmineral resources and the historical estimate should not be relied upon.\n\n\nMHI is also pleased to announce that Mr. John Punzo has been appointed to\nits Board of Directors. Mr. Punzo, based in British Columbia, has over twenty\nfive years of corporate leadership experience in the energy and finance\nsectors. He is a successful entrepreneur and businessman and has played a key\nrole in raising significant capital for ventures in these sectors including\npublicly trading small cap companies. His experience includes owning and\noperating companies as well as providing merger and acquisition and\nturn-around advisory services to start-up businesses.\n\n\nMr. Punzo has served as a Consultant, Advisor, President, Chief Executive\nOfficer, Director, and Chairman of the Board in his various roles in a wide\nrange of geographical areas. With Mr. Punzo's appointment to the Board and his\nleadership participation, MHI is geared towards its strategy of focusing on\nits ne...