Heritage Mining Set To Begin 3,600 Metre Drill Program
FULL DISCLOSURE: This is sponsored content for Heritage Mining.
Heritage Mining (CSE: HML) is set to begin its drill program later this week at its Drayton-Black Lake project. The firm indicated this morning that mobilization has begun, with the drill now on-site.
The 2023 summer drill program at the project is set to consist of a phase one program of 3,600 metres in aggregate, which will be focusing on three priority targets. Drilling will begin at the Alcona Area target before moving to the New Millennium and Moretti targets.
Recent geology models produced for Alcona and New Millennium are expected to assist in more precise targeting for the drill program as the company works to refine the current geologic model for the zones.
Recent sampling meanwhile has identified a composite mineralized deformation corridor over 1,000 metres in strike and up to 200 metres wide at the Alcona Area, with recent samples assaying at 2.36 g/t gold and 8.00 g/t silver, as well as 0.927 g/t gold and 2.08 g/t silver.
New Millennium meanwhile consists of at least two mineralized deformation corridors, with recent grab samples from trenching returning assays of 12.4 g/t gold and 46.7 g/t silver, and 2.82 g/t gold and 12.05 g/t silver, among other results.
WATCH: ‘Systematic’ Gold Exploration in Ontario — With Peter Schloo of Heritage Mining
Finally, Moretti has seen its mineralized deformation corridor extended to 2,500 metres, with quartz veins ranging from centimetres to metres wide. The north vein prospect at the target saw channel sampling that started last year continue under this year’s exploration program, with highlights including 15.70 g/t gold and 2.01 g/t silver over 1.0 metre in sample CH23-002, and 26.20 g/t gold and 2.18 g/t silver over 1.0 metre in sample CH23-003.
Heritage Mining last traded at $0.075 on the CSE.
FULL DISCLOSURE: Heritage Mining is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Heritage Mining. 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
