FULL DISCLOSURE: This is sponsored content for Heritage Mining.
Heritage Mining (CSE: HML) has identified what it refers to as two substantial mafic-ultramafic intrusive bodies at its Contact Bay property, found south-southwest of Dryden, Ontario.
The discovery follows interpretation of a geophysics study conducted this past summer at the property, which was conducted by Mira Geosciences. The study was based on historical geophysical data for the property, as well as recently conducted airborne and magnetic surveys conducted, focusing on target development and enhancement for the project.
The targets consist of the Nabish Lake Area, which is prospective for nickel, copper, and platinum group metals, and the North Nabish Lake Area, which is also prospective for the aforementioned metals. The Nabish Lake target is said to be up to 5 kilometres in length, up to 1 kilometre wide, and over a kilometre in depth. North Nabish Lake meanwhile is said to be up to 2 kilometres in length.
The findings suggest that Contact Bay contains geologic similarities to other Archean deposits. Further exploration is set to consist of induced polarization surveys and follow up diamond drilling, which will build upon the prospecting campaign carried out in 2023.
The Contact Bay project includes the past producing Old Rognon/Wachman mine, which produced 22.2 ounces of gold and 0.5 ounces of silver between 1916 and 1918, which was produced from 49 tons of feedstock.
Heritage Mining last traded at $0.05 on the CSE.
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