Just a few days ago, Heritage Mining (CSE: HML, FSE: Y66, WKN: A3DTM6) presented very compelling results for its ongoing drilling program at the Melba Gold Project in the Canadian province of Ontario, with 42.57 g/t gold over a one-meter drill core length. Meanwhile, the company has followed up, as coarse-grained, visible gold has now been identified outside the previously reported mineralized zones.
The visible gold was identified in drill hole ML3900-002 at a depth of 73.3 meters, in close proximity to the previously reported bonanza gold grades. These were not only discovered in the same drill hole but also begin at a depth of 72 meters and extend over a length of one meter.
This means that there is only a small gap of just 30 centimeters between the end of the bonanza zone and the visible gold. Since drill hole ML3900-002 ended within the mineralization, strong indications, along with the visible gold, suggest that the mineralized zone is larger than currently known.
Heritage Mining Sees Indications of Expanded Exploration Potential
Peter Schloo, CEO of Heritage Mining, therefore sees the potential not only for an expansion of the mineralized zone but also for an expansion of the entire exploration potential of the Melba Project. This view is plausible in our opinion, as the visible gold was observed within a shear zone with quartz veins in a metarhyolitic volcaniclastic unit.
The mineralized quartz vein system is part of a silicified, brecciated metafelsic volcaniclastic unit and is in close proximity to a greywacke/felsic volcaniclastic contact. The proximity to the historic Melba Mine and the general location of the historic mine on the prolific Abitibi Greenstone Belt within the Kirkland Lake Mining District also speak for increased gold potential at this location.
Heritage Mining shareholders therefore have every reason to eagerly anticipate the outstanding drilling results and further work.
