Business
Heritage Mining Intersects Visible Gold and Multiple Zones of Sulfide Mineralization - 4 Holes Rush Au Analysis
VANCOUVER, BC – TheNewswire - August 28, 2024 – Heritage Mining Ltd. (CSE: HML FRA:Y66) (“Heritage” or the “Company”) is pleased to provide an update on the com
About this update from Heritage Mining Ltd.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - August 28, 2024 – Heritage Mining Ltd. (CSE: HML FRA:Y66) (“Heritage” or the “Company”) is pleased to provide an update on the completion of its 2024 drilling program at the Zone 3 prospect (Figure 1), at its flagship Drayton-Black Lake project (“DBL”). Highlights: Visible Gold (“VG”) observed in hole one (HML24-001) (Figure 2). Figure 2: Visible gold lies in a fracture within white vein quartz and is associated with pyrite, galena and possible molybdenite. The Company has intersected multiple zones of pyrite mineralization with local patchy galena and chalcopyrite (Figure 3). This style of mineralization is known to be associated with gold at the DBL project. Figure 3. HML24-001 from 45m quarts vein hosted chalcopyrite mineralization with pyrite disseminated through the wall rock The Company has rushed gold analysis for the first 4 holes. “We are thrilled with the initial visual indicators from our latest drilling program. All seven holes have encountered highly promising mineralization, some of the best we’ve observed on the property to date. This program specifically targets a historical gold ore shoot, and the discovery of visible gold in this area strongly suggests that we are in the right zone. We eagerly anticipate sharing further updates with the market, including assay results, geological interpretations, and our fall exploration plan for Zone 3. Additionally, we look forward to providing an update on our Ontario Project Portfolio in the near future,” Commented Peter Schloo, President, CEO, and Director of Heritage. Zone 3 Prospect Summary The visible gold lies along a fracture surface in a 15cm wide quartz vein. Intense pyrite mineralization occurs in the quartz vein and adjacent to the vein in the enclosing mafic metavolcanic rock. Galena and possible molybdenite are associated with the pyrite and visible gold (Figure 2). Hole HML24-001 was designed test high grade gold results reported in drill hole number 4 from a November 1936 drill program as reported in assessment report 52J04SE0015 (see table inset on the map on page 101 therein). The 2024 drill program was undertaken between 5-August and 11-August 2024. Seven holes were completed at Zone 3 for a total of 1009 meters (Table 1). The program was designed to test multiple high-grade Au intercep...