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Mineral Hill Announces the Execution of an LOI for the Acquisition of Mineral Claims in British Columbia
Mineral Hill Announces the Execution of an LOI for the Acquisition of Mineral Claims in B...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n \n \n \n Mineral Hill Announces the Execution of an LOI for the Acquisition of Mineral Claims in British Columbia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Toronto\n \n : TSX-V: MHI\n \n \n Frankfurt\n \n : MLN/WKN: A1JKJN\n \n OTC Market (US): MHIFF\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 15, 2020\n \n /CNW/ - Mineral Hill Industries Ltd. (\"\n \n MHI\n \n \" or \"\n \n Company\n \n \"), listed on the TSX Venture Exchange (\"\n \n TSXV\n \n \") under the trading Symbol \"MHI\", and on the Deutsche Boerse,\n \n Frankfurt\n \n under the trading Symbol \"MLN\" wishes to announce that  subsequent to its News Release dated\n \n May 15\n \n \n th\n \n , 2020 and investigations of several, project offers of possible acquisition targets, the Company has executed a non-binding Letter of Intent (\"\n \n LOI\n \n \") on\n \n December 9\n \n \n th\n \n , 2020 with the present owner-operator, of a well-established geo-consulting firm (\"\n \n Target-BC2011\n \n \"), for the acquisition of a precious metals bearing, contiguous claims encompassing 2,406.13 hectares in southwestern\n \n British Columbia\n \n (\"\n \n Target-Claims\n \n \").\n \n \n Studying prior assessment reports and previous exploratory drilling results, the owner-operator, a professional geologist, began in 2002 to gradually acquire claims in the subject-area of the previous assessment reports and was able to assemble the present block of the Target-Claims.\n \n \n In 2012, Target-BC2011carried out substantial field work including reconnaissance mapping and sampling surveys as follow-up to previous field surveys and documented the work and findings in BC Geological Survey Assessment Report, dated\n \n December 13, 2013\n \n (\"\n \n GS-Report 2013\n \n \") which confirmed the findings of quartz veins carrying gold values, whereby seven selected grab samples contained between 0.807 to 6.778 gm/t Au.  Further follow-up work was afterwards conducted to define mineralisation and geological settings.\n \n \n All direct and/or indirect beneficiaries of Target-BC2011 are at Arm's Length to...