Financing Secured
Just yesterday, we reported that the Canadian gold explorer Heritage Mining (WKN A3DTM6 / CSE HML) was expected to shine with strong newsflow in the coming weeks, considering the season – and today it’s already starting. As the company has just announced, they have received the exploration permit for the Contact Bay project from the Ontario Ministry of Mines. This clears the way for drilling in just a few weeks!
The approved area and focus of drilling is the Rognon Mine area – in addition to the already planned exploration program on the Drayton Black Lake project (Zone 3 and New Millennium).
4,000 Meters of Drilling Planned
The areas controlled by Heritage are located in one of the last unexplored greenstone belts in northwestern Ontario, Canada, an area that has recently seen repeated inflows of strategic capital, according to Heritage CEO Peter Schloo. This demonstrates the region’s great potential.
The company now has permits for work on all three selected target areas and has sufficient funds for a 4,000-meter drilling program. About 2,100 meters of drilling are intended for the targeted continuation of the first phase of the program, while the remaining portion is reserved for follow-up drilling.
Preparations are already underway to establish a path into the Rognon Mine area before the end of the year. As all other target areas are drill-ready, Heritage plans to bring teams and equipment to the sites early in the New Year. We are excited!
