Business
Heritage Mining Doubles Down at Melba: Expands Land Package ahead of Pending Drill Results
VANCOUVER, BC – TheNewswire - February 2, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage” or the “Company”) is pleased to announce it has entered a
About this update from Heritage Mining Ltd.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - February 2, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage” or the “Company”) is pleased to announce it has entered a definitive asset purchase agreement (the “Asset Purchase Agreement”) with DH Exploration Inc. (the “Vendor”) to acquire twelve (12) unpatented mining claims (the “Claims”) adjacent to the Melba Mine (a former past producer from early-mid 1900’s which Heritage is in the process of earning a 75% interest in) in the Kirkland Lake Gold District. The Company is also pleased to announce additional staking around the Melba Mine Project. The Project now totals ~3,886 Ha “Consolidating this ground around the historic Melba Mine is a meaningful step in building Heritage’s footprint in one of Canada’s most proven gold camps. We look forward to further updates on our current diamond drill program in short order”. Commented Peter Schloo, President CEO, and Director of Heritage Figure 1: Property Map – Melba Mine Asset Purchase Agreement Summary: Purchase Price The consideration payable by Heritage to the Vendor for the Claims shall be 1,500,000 common shares in the capital of Heritage and C$30,000 in cash to the Vendor over a 5 month period payable in equal C$5,000 monthly instalments, with the first instalment payable within two (2) Business days of signing of the Asset Purchase Agreement. Additionally, Heritage will grant the Vendor a 1% net smelter return royalty on the Claims on the date of the closing of the acquisition of the Claims. Closing of the acquisition of the Claims is subject to customary conditions precedent for a transaction of this nature, including Heritage’s payment of all cash instalments and the approval of the Canadian Securities Exchange. Melba Mine Property Description The Melba Mine is located in Northwestern, Ontario, Canada Southwest of Matheson Ontario (Figure One) approximately seven kilometres west off the King’s Highway 11, on the section of highway travelling from Kirkland Lake to Cochrane. The Melba Mine is located on the west central part of Ontario close to the Ontario and Quebec border. It’s fortunate the location of the Melba Property lies within the central hub of over 100 years of mining activities, including active mining operations within the Abitibi Greenstone Belt. The claim package includes single cell mining claims now spanning...