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Heritage Mining One Step Closer to Cash Flow: Average grades of 3.72g/t Au and 0.96g/t Au from 1930s Rockpiles at Drayton - Black Lake
VANCOUVER, BC – TheNewswire - February 17, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage” or the “Company”) is pleased to provide an exploration up
About this update from Heritage Mining Ltd.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - February 17, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage” or the “Company”) is pleased to provide an exploration update, further to press release dated October 23, 2025, the Company is one step closer to near term cashflow from historical tailings/rockpiles in the immediate vicinity of historical mine shafts at the Alcona Mine and Split Lake Mine at the Drayton Black Lake Project (“DBL”) located in Northwestern Ontario, Canada. The Company is also pleased to announce the fully permitted mill is willing to accept rock piles given initial grade estimates and requires additional testing for processing which has commenced at the time of this press release. 1930s Rock Pile Sampling Program Highlights: 1) Split-Lake Mine Historical Rock Pile Exploration Highlights (Figure 1,3): Average Grade ~3.72g/t Au on ~5,500 tonnes** from rock pile (Figure 1,3)* All 26 samples registered gold values from 0.009g/t Au up to ~27g/t Au* 2) Alcona Mine Historical Rock Pile Exploration Highlights (Figure 2,3): Of the 30 samples taken, 20 Samples registered gold values from 0.006g/t Au up to 4.1g/t Au, average grade ~0.53g/t Au* on ~40,000 tonnes of mining waste pile** Approximately half of the pile returned higher than average gold values supporting additional systematic sampling in this area. ~20,000 tonnes of mining waste pile returned an average grade of ~0.96g/t Au, 12 samples all registered gold values from 0.013g/t up to 4.1g/t Au*(Figure 2,3) *Grabs samples off the rock pile, additional evaluation is required ** Per Press Release dated October 23, 2025 – Tonnage is approximate and additional evaluation is required “The price of precious metals are holding strong at their current values with macro indications of continued upward movement. This scenario enables our Company to consider alternative and less dilutive sources of capital. Initial grade estimates from waste piles are encouraging and supported additional testing with guidance of our board, management and strategic advisors holding a wealth of experience in this sector. We look forward further updates in short order.” Commented Peter Schloo, President, CEO and Director of Heritage Mining Ltd. Note: All Ore/Rock Pile Sampling have been submitted additional acid-based accounting and multi-element testing/a...