Multiple anomalous mineralised zones at New Millennium

Heritage Mining (TSX.V: HML, FSE: Y66, WKN: A3DTM6) has succeeded in proving with last year’s exploration and drilling program that the Drayton Black Lake project hosts multiple, extensive, structurally controlled systems where high-grade gold or gold-silver mineralisation is encountered.

The remaining pending drill results from last year’s drilling at the Alcona, New Millenium and Moretti deposits have now been received. Among them, drill hole HML23-017 drilled at Alcona stands out in particular, as several anomalous narrow intervals were intersected in the lower part of the hole.

They contain 0.68 g/t gold over 4.9 metres at 138.25 metres, 0.63 g/t gold over 2.5 metres at a depth of 149 metres and 1.98 g/t gold over 0.8 metres at a drilling depth of 239.2 metres. Heritage Mining geologists believe that these discoveries indicate a broad anomalous mineralised gold zone.

The present results from the 2023 Phase 1 drill program at Alcona thus confirm widespread gold-silver mineralisation with widths in excess of 200 metres hosted in composite deformation zones. Additional modelling and structural interpretation is underway to support a Phase II program on this part of the project.

Heritage Mining identifies six new attractive target areas

The prospecting programme has also evaluated seven highly prospective target areas, six of which have already been advanced to drill-ready status for the current 2024 exploration programme. The new high-priority target areas all have similar characteristics to the known deposits.

This not only makes the new locations attractive, but also makes the entire project increasingly promising. This year’s drill programme therefore aims to further expand the existing ore bodies, particularly at the Alcona and New Millenium deposits, in order to prove that there is deposit potential at both zones.

Multiple anomalous mineralised zones at New Millennium

At New Millennium, the Phase 1 drill program confirmed the existence of several narrow anomalous mineralised zones. At least two zones are understood to be mineralised deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear-parallel quartz veins.

At the Moretti deposit, the mineralised deformation corridor now has a strike length of 2,500 metres and is 500 metres wide. It consists of discrete zones of deformed volcanic rocks and shear-parallel quartz veins in the centimetre to metre range.

Drill results from the remaining holes did not show significant mineralisation. However, further drilling and exploration is recommended for this area to better understand the structural complexity and orientation of the mineralisation. There is also an overarching need to determine how this area fits into the Moretti deformation corridor, which is over ten kilometres long.

2024 promises to be an exciting year for Heritage Mining

“We are proud to announce the success of our 2023 exploration programme, which has positioned us for an exciting 2024. With six additional target areas upgraded to drill-ready status and high-grade precious and base metals identified, we eagerly await permits to continue our exploration efforts at our flagship Drayton Black Lake project.

Additional modelling and structural interpretation is underway to support a Phase II program at Alcona and New Millennium. Our optimism for the junior exploration market remains high as we continue to unlock the potential of our projects and deliver value to our stakeholders,” said President and CEO Peter Schloo, presenting the latest drill results from the past year.

Deepak Varshney, CEO of Usha Resources commented, “We are excited by the results at White Willow. We now have 10 primary targets on our 25+ km trend, including two strongly developed LCT pegmatite swarms on Bingo and Maple Leaf. There is still a lot of land between Bingo and Maple Leaf that can be explored further and subjected to follow-up surveys. The results to date reinforce our belief that Willow is a flagship project that will host Ontario’s next major lithium discovery.”

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According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Heritage Mining Ltd. and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of Heritage Mining Ltd. at any time, which could influence the price of the shares. In addition, there is a consulting or other service contract between Artic Fox Lithium Corp. and GOLDINVEST Consulting GmbH, with which a further conflict of interest exists, since Heritage Mining Ltd. remunerates GOLDINVEST Consulting GmbH for reporting.

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