Business
Heritage Mining Completes Drilling at Alcona and New Millennium Target Areas; Mobilizes Drill to Moretti Target Area
Vancouver, BC - TheNewswire - September 14, 2023 - Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (“Heritage” or the “Company”) is pleased to announce AZI Drilling ha
About this update from Heritage Mining Ltd.
[{"type":"text","content":"Vancouver, BC - TheNewswire - September 14, 2023 - Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (“Heritage” or the “Company”) is pleased to announce AZI Drilling has completed its drill program at the Alcona Target Area and New Millennium Target Area and is now mobilizing to the Moretti Target Area (“Moretti”) at its flagship Drayton-Black Lake Project. Drilling Mobilization The Company has mobilized its diamond drill program to Moretti from the New Millennium Area at its flagship Drayton-Black Lake Project located in Northwestern Ontario approximately 25km East of the town of Sioux Lookout by paved highway. The Phase 1 Drill Program previously announced on August 3, 3023 consisted of 3,600m of diamond drilling completed over the three priority target areas. As part of the Company’s partnership with Mira Geoscience announced on July 20, 2023, Mira Geoscience has produced a geology model for Moretti’s target areas giving the Company’s exploration team a focused geophysical and structural understanding as planned to test numerous targets within the Phase 1 Drill Program at Moretti. Additional targets have been identified and have been incorporated into the program. Oriented core is used to assess structural geology that controls mineralization. “We are excited to have AZI Drilling moving to Moretti, a target area hosting encouraging historical exploration results and 2022 and 2023 field seasons results from work conducted by the Company. (Bulk Sample 1950, 8.5 tonne returned 14.62 g/t Au, grab samples up to 1,212 g/t Au, with the best historic channel sample returning 155 g/t Au over 0.60m) We appreciate everyone’s hard work to date and I look forward updating the market on our progress in the near future.” Commented Peter Schloo, President, CEO and Director of Heritage. Moretti Area: Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale .Figure 1 – Moretti – Target Area Figure 2 – Moretti – Target Area – 2023 Chip sample Qualified Person Robert Scott, Exploration Manager 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, approvin...