Copy
Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment
Heritage Mining Ltd. announced results from its winter drill program at its flagship Drayton – Black Lake exploration project in Sioux Lookout, Ontario, and an update on its planned diamond drill program at the Zone 3 Extension and Rognon Mine Area prospects.
Key highlights include intersecting multiple zones of strong gold mineralization in shallowly drilled holes at the New Millennium prospect, including HML25-003 (87m) which assayed 6m @ 1.05g/t gold, 3m @ 1.77g/t gold and 2m @ 1.78g/t gold.
The company also announced a non-brokered private placement consisting of 3,000,000 flow-through units at a price of $0.05 per FT Unit for gross proceeds of C$150,000 to a strategic investor.
The company conducted scout drilling at the New Millennium orogenic gold target area utilizing its in-house drilling rig and team and commenced the Zone 3 Extension scout drill program, with the first hole intersecting a granite cut by quartz – sulphide veins over broad intervals.
They also received an additional drill permit for targets within the Rognon Mine Area and secured a second drill rig for the diamond drill program at Zone 3 Extension and Rognon Mine Area, targets will be drilled simultaneously.
Peter Schloo, President, Director and CEO of Heritage, commented that the initial drill results from New Millennium are highly encouraging and they have secured an additional diamond drill rig to fast track their exploration agenda drilling Zone 3 and Rognon Mine simultaneously.