FULL DISCLOSURE: This is sponsored content for Heritage Mining.
Heritage Mining (CSE: HML) has begun mobilizing for its 2023 exploration program. The company is currently focused on conducting a phase 1 exploration program on its Drayton – Black Lake project found near Sioux Lookout, Ontario.
Exploration for the year is to be focused at the Alcona, Moretti, and the New Millennium targets, with initial exploration to include detailed mapping, channel sampling, and 3D geologic block modeling. This initial exploration is to be followed by permitted phase one drilling.
READ: Heritage Mining Obtains Permits For Planned 3,600 Metre Drill Program
“We are excited about commencing the fully permitted 2023 field program at Drayton – Black Lake project on schedule. The project shows significant potential for multiple exploration discoveries,” commented CEO Peter Schloo.
The Alcona target consists of a mineralized deformation corridor over a 1 kilometre strike that is 200 metres wide, and remains open in all directions, with a historical intersect of 6.83 g/t gold over 1.70 metres. Moretti meanwhile is 2.5 kilometres long and 500 metres wide and has historical drill results of 31.87 g/t gold over 1.45 metres.
New Millennium, the final target, has been been drill tested and consists of at least three mineralized deformation corridors of multiple zones of deformed volcanic rocks and shear parallel quartz veins, with rocks sampling as high as as 2,330 g/t gold.
“Last year’s successful field program at Alcona, New Millennium and Moretti confirmed high-grade gold and gold-silver mineralization and we plan to systematically advance these priority targets through to drilling. Given the scale and the number of base and precious metal mineral occurrences known on this property, the Company looks forward to evaluating and developing a pipeline of quality prospects for future exploration development, in a systematic and respectful manner inclusive and considerate of all key stakeholders,” Schloo continued.
Heritage also intends to create a 3D geologic and structural block model to refine the drill design and to assist in prioritizing its pipeline of precious and base metal projects.
Heritage Mining last traded at $0.065 on the CSE.
FULL DISCLOSURE: Heritage Mining is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Heritage Mining on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
