Heritage Mining samples up to 58.1 g/t gold at Drayton, Ontario

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Heritage Mining Ltd. [HML-CSE] reported preliminary results from its continuing exploration program at the company’s flagship Drayton-Black Lake project and provided an update on upcoming exploration activities. The Drayton-Black Lake project is located in northwestern Ontario, approximately 20 km northeast of Sioux Lookout totaling approximately 15,257 hectares and lying near the northern margin of the Wabigoon Sub-province within the Abrams-Minnitaki Lake (AML) greenstone belt along strike of and contiguous with Treasury Metals Inc.’s Goliath gold-silver complex.

The company initiated its inaugural field program at the Drayton-Black Lake project after a systematic review of archived mineral exploration data for the Drayton-Black lake project area. The company identified high-potential gold, gold-silver and gold-copper areas (including targets/prospects) for follow-up work. These include the Moretti, Alcona, Split Lake, Alkenore, McCombe, Drayton and Forster areas.

A phase 1 field program has been completed for several areas. The program, which began in July with three field crews, focused on priority targets/prospects within the initial exploration areas, and consists of confirmation mapping and sampling along with detailed regional prospecting. New logging roads and the company’s new compilation data provide good spatial control and efficient access to throughout the property.

All samples in phase 1 of the 2022 field program were analyzed for gold and copper only.

Large land package in a prospective, underexplored greenstone belt along strike of Treasury Metals Inc.’s Goliath gold-silver complex. New logging roads provide unprecedented access throughout the Drayton Black-Lake project; regional prospecting has identified new mineralized prospects close to new logging roads; secured additional land position (Split Lake extension), wholly owned, totalling 1,036 hectares.

A 1,574 one-km airborne geophysical survey (Mag/EM) was completed over the property.

Detailed magnetic map patterns highlighted the structural complexity of the property and provide context for first pass target evaluation and newly identified prospects.

EM anomalies will be field checked into the fall as certain styles of mineralization in AML greenstone belt are associated with semi-massive sulphides. Several targets/prospects in the Drayton-Black Lake Project have a precious metal-base metal association, which has been confirm in the current field program.

Sampling of central vein 3 returned values of 58.1 g/t, 33.5 g/t and 0.006 g/t gold. Sampling of veins 2 and 3 returned results of 0.057 g/t, 0.128 g/t and 2.3 g/t gold.

Confirmation sampling and prospecting on exposed bedrock in Trench 2 and Trench 5 (historic trenching) at Alcona New Millennium prospect identified extensive shear-hosted mineralized quartz-carbonate +/- sulphide veins. Sampling of individual veins in Trench 5 prospect yielded 0.013 g/t, 3.75 g/t, 46.5 g/t, 32.6 g/t gold. Sampling of individual veins in Trench 2 prospect returned results ranging from below detection to one sample of 4.21 g/t gold.

Confirmation sampling and prospecting at AM-W identified a more complex vein array in this area comprised of variable trending quartz veins (5-75 cm wide) in a folded and sheared metavolcanic rock package: Sampling of individual veins returned values of 1.345 g/t, 12.45 g/t, 6.09 g/t and 24.6 g/t gold from the Pond Target (Powerline prospect).

Moretti Area (includes Moretti (Main Trench), Rosnel, Bellekeno, Clamshell Lake and Black Lake Targets and other prospects). Prospecting and chip sampling results included: Bonanza Prospect: Grab samples from o/c returned grades up to 0.949 g/t gold.

New “Corner” Prospect identified adjacent to logging road: 20-metre wide zone of sheared altered metavolcanic rocks. Narrow stockwork veins throughout. Two samples returned values of 0.137 g/t and 0.136 g/t gold. Results pending for other prospects.

Assay results are pending from several of the other exploration areas, targets and prospect.

Peter Schloo, CEO, commented, “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.”

The company’s field crew continues to conduct prospecting, mapping and sampling on priority target areas. Upcoming field work will focus on more detailed systematic mapping and sampling (e.g., channel sampling of exposed mineralized vein systems) of our priority areas (Moretti, Alcona Mine, Alcona West and Alcona New Millennium).

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