Heritage Mining Reports First Assay Results From Field Program

Heritage Mining (CSE: HML) provided an exploration update this morning for its flagship Drayton-Black Lake project, while also providing a rough outline for oncoming exploration activities at the property. Exploration is currently occurring at a number of priority targets.

Found in northwest Ontario, the Drayton-Black Lake project is said to comprise of 15,257 hectares of claims within the Abrams-Minnitaki Lake Greenstone Belt, and is on strike with the Goliath Gold-Silver Complex currently being developed by Treasury Metals. A recent review of archived mineral data, which includes past surface exploration and surface drilling, has identified at least twenty base and precious metals occurrences and prospects that exist on the property, which include gold, gold-silver, and gold-copper prospects.

Phase one exploration has been completed for several areas on the property, which is said to consist of confirmation mapping, sampling, and detailed regional prospecting. A 1,574 line-kilometre airborne geophysical survey was also completed on 100 metre spacing across certain areas of the property.

Sampling results from the priority targets include:

  • Alcona Area
    • Central Vein 3: 58.1 g/t gold, 33.5 g/t gold
    • Trench 5 Veins: 3.75 g/t gold, 46.5 g/t gold, 32.6 g/t gold
    • AM-W Veins: 12.45 g/t gold, 6.09 g/t gold, 24.6 g/t gold
  • Moretti Area
    • Bonanza Prospect: 0.949 g/t gold
    • Corner Prospect: 0.137 g/t gold, 0.136 g/t gold

Further assay results are said to be pending from other targets and prospects on the property. Further exploration is also ongoing at priority targets, where detailed systematic mapping and sampling is set to take place, which will be focused on vein classification, wall rock identification, gold deportment, and expanded multi-element analysis.

READ: Heritage Mining: Advancing A Gold Project In Northern Ontario

“We are pleased to report the first assay results from our 2022 field program. These initial results from our confirmation program are very encouraging and demonstrate the high- and extensive footprint of gold mineralization at Drayton-Black Lake. Our field team noted many instances of extensive sulphide mineralization in veins, highly altered adjacent host rock and these assay results confirm the association with high-grade gold mineralization,” said CEO Peter Schloo on the results.

Heritage Mining last traded at $0.095 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.

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