Heritage Mining (CSE: HML) has completed its 2022 field program at the Drayton-Black lake project, located in Western Ontario. The project is found near to the Goliath Gold-Silver Complex, operated by Treasury Metals.
Field work conducted this year is said to include channel sampling, prospecting, regional mapping, as well as airborne geophysical surveys across the 15,257 hectare property. Exploration was primarily focused on the Alcona, Alcona-New Millennium, Moretti, and Forster targets.
“Our first pass field program at Drayton-Black Lake Project confirms the area is a highly prospective, yet significantly underexplored mineral district. Our systematic boots on the ground exploration philosophy has been highly successful, with the team discovering multiple new veins and extending known vein systems along strike,” said CEO Peter Schloo.
Highlights from the sampling program include:
- Alcona
- Main prospect sampled up to 58.1 g/t gold, with nine channel samples conducted
- Pond prospect sampled up to 24.6 g/t gold, with nine channel samples conducted
- Alcona-New Millennium
- New Millennium prospect sampled up to 46.5 g/t gold, with nine channel samples conducted
- Moretti
- Black Lake prospect sampled up to 0.95 g/t gold, with sixteen channel samples conducted
- Moretti prospect sampled up to 208 g/t gold, with seven channel samples conducted
The program as a whole saw 48 channel samples conducted, with channels ranging in size from one to eighteen metres in length. Based on results received, Heritage has stated that it has confirmed that the property contains an “extensive, shallow, high grade gold, structurally controlled mineral system,” which is said to have many untested high-grade prospects.
READ: Heritage Mining Reports First Assay Results From Field Program
“These initial results, along with the highly anticipated channel-sample data, will provide Heritage valuable information as we plan systematic follow up for the winter and into the 2023 exploration program,” continued Schloo.
Assays from channel samples have yet to be returned from the lab.
Heritage Mining last traded at $0.07 on the CSE.
Editors note: A prior version of the story incorrectly stated that the assay figures above were from channel samples, which is incorrect. Sample values come from grab samples collected at the targets, with assays for channel samples yet to be received by the company.
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.
