Heritage Mining (TSX.V: HML, FSE: Y66, WKN: A3DTM6) has successfully completed nine diamond drill holes on the Drayton-Black-Lake project. These holes tested the near-surface structures in the New Millennium target area. The tests were successful, with numerous veins and gold structures intersected, including 1.78 g/t gold over three meters and 1.05 g/t gold over six meters.
In winter, Heritage Mining launched a drilling program on the Millennium deposit of the Drayton-Black-Lake project. The drilling was very near-surface, as the goal was to confirm the mineralization indications provided by previous ground analyses through initial drilling while simultaneously obtaining more concrete information about the nature, extent, and intensity of the mineralization.
A total of nine drill holes with a combined length of 556 meters were drilled from three platforms along a 150-meter section. Unlike other exploration companies that usually contract out drilling operations, Heritage Mining uses its own drilling rig on Drayton Black Lake, which is fully owned by the company. The drilling was combined with extensive, cost-effective, and efficient ground work. These efforts aimed to expand the New Millennium deposit and identify additional potential drill targets.
Heritage Mining conducts its exploration extremely cost-effectively and efficiently
In this way, the company ensures that the funds invested by its own shareholders in Heritage Mining are utilized extremely efficiently and carefully. This approach proved very successful in winter, as the drilling intersected several mineralized veins and shear zones within an interpreted, multiply deformed fold sequence. The shallow-drilled boreholes, which had an average depth of 61 meters, intersected several zones with strong gold mineralization.
Particularly encouraging were the results in drill hole HML25-003. It had a total length of 87 meters and intersected a total of three gold-mineralized zones. The first zone was reached after just 18 meters. It is two meters thick and has a gold content of 1.78 g/t. The second mineralized section begins at a drilling depth of 41 meters. It extends over a length of six meters and averages 1.05 g/t gold. At a depth of 71 meters, the third and final gold-mineralized section of this borehole was reached. It extends over 3.0 meters and has a gold content of 1.78 g/t.
While drill hole HML25-003 intersected three clearly separate zones with notable gold mineralization, Heritage Mining encountered wide quartz veins in drill hole HML25-006 that are interspersed with an average of 0.23 g/t gold over a length of 13 meters. Broader mineralization was also intersected in drill hole HML25-007. Here, the company encountered 0.78 g/t gold over a length of eight meters at a depth of 63.5 meters. Drill hole HML25-004 was also successful, intersecting a four-meter-thick zone at a depth of 38 meters that is interspersed with 0.77 g/t gold.
Heritage Mining will explore Drayton Black Lake and Contact Bay simultaneously
For Heritage Mining, the initial drilling on the New Millennium zone of its flagship project has thus been very successful, as it provided compelling evidence that the mineralization, which had already been indicated by surface findings, is not only actually present but also exhibits quite appealing gold grades. Mineralized veins and structures could thus be confirmed, and the insights gained through drilling and new ground work can now be used to plan the next steps for developing this deposit.
However, on the Drayton-Black-Lake project, it’s not just the New Millennium zone that is of great interest. Zone 3 is also in focus here, while on the Contact Bay project, the Mine Rognon deposit currently represents the company’s primary target area. Remarkably for a small explorer, Heritage Mining is managing to advance work on all three target areas with vigor.
To explore these deposits, the company has secured an additional drilling rig. As Heritage Mining recently received another drilling permit for the Rognon deposit, the planned work there can not only be continued but also intensified. As a result, the company is in the fortunate position of being far ahead of its own schedules with the work carried out, without losing sight of the cost efficiency successfully established in the past.
The approval from investors continues and is a strong sign of confidence and support
This also impresses shareholders and interested investors. Therefore, it is not surprising that Heritage Mining was able to issue 3,000,000 flow-through units to a strategic investor from Canada at a price of 0.05 Canadian dollars (CAD) per unit. This provides the company with gross proceeds of 150,000 CAD. With this financial support, the second drilling rig, and the new additional drilling permit in hand, Heritage Mining is able to not only carry out the exploration program planned for the summer of 2025 as scheduled but to substantially expand it.
Among the most important programs scheduled for the coming weeks, in addition to the pending drilling, are the stripping and trenching of known vein groups, as well as high-resolution basal till sampling over interpreted fold hinges on the New Millennium and Zone 3 deposits on the Drayton-Black-Lake project, as well as on the Rognon Mine Area on the Contact Bay project. After the recent drilling successes, the new strategic investor and the existing shareholders have every reason to look forward to these works with keen anticipation.
