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Heritage Mining Ltd. Provides Sioux Lookout Field Program Update

Oct 20, 2022

Heritage Mining Ltd. is pleased to report recent results from 2022 exploration program at the Company’s flagship Drayton-Black Lake Project (the “DBL”) and provide an update on current field program. The Drayton-Black Lake Project is located in northwestern Ontario, approximately 20 km northeast of Sioux Lookout, Ontario, and comprises approximately 15,257 Ha near the northern margin of the Wabigoon Sub-province within the Abrams-Minnitaki Lake (“AML”) Greenstone Belt (Fig. 1). The DBL property is along strike of and contiguous with Treasury Metals Inc.’s Goliath Gold-Silver Complex. 

Program Highlights (Area/Target/Prospect)

The Company has received the final analytical results from the summer prospecting and check sampling* program at DBL. Samples were received from the Drayton, Moretti and Split Lake Areas (Fig. 1).

  • At the W-H Target (Drayton Area, Fig 2), results from six samples returned values from below detection to 2.28 g/t Au, with four of the six samples grading over 1.0 g/t Au.

  • At the K171 Target (Drayton Area), results from six samples returned values from below detection to 0.50 g/t Au and one sample (quartz-carbonate vein with pyrite) returned a value of 25.0 g/t Au.

  • Six samples from regional prospecting (Split Lake Area) returned low Au values ranging from 0.009 to 0.022 g/t Au).

  • Fifteen samples from regional prospecting at the Botsford Lake Target (Moretti Area) returned values ranging from below detection (n=11) to 0.71 g/t Au.

  • Six samples from regional prospecting (Moretti Area) near the Bellekeno and Clamshell Lake Targets returned Au grades ranging from below detection (n=1) to 2.01 g/t Au, in a sulphide-rich mafic metavolcanic unit. 

The summer 2022 sampling program has identified both high-grade, vein-hosted Au mineralization and moderate to low-grade volcanic-hosted Au mineralization; the latter in deformed and altered sulphide-bearing mafic rocks. Both styles of mineralization were found across a broad footprint through the DBL property.

*Grab (chip) sampling is a selective sampling method and the reader is cautioned that these samples may not represent the actual tenor of mineralization at a larger scale. Therefore, the Company has initiated a systematic channel sampling program on select prospects within the priority Targets.

The Company’s systematic channel sampling program began in early October and is scheduled to be completed by the end of the month.

Peter Schloo, CEO of Heritage Mining commented,“We are pleased to report the additional assay results from our ongoing field program. A very impressive start. Systematic channel sampling on priority areas is currently well underway and anticipated to be completed by the end of the month. We look forward to communicating additional findings and drill targets to the market in timely manner, and we remain very excited about this project.”

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