Heritage Mining receives permit, begins Melba drilling

Executive Summary

• Heritage Mining Ltd. received its exploration permit and began diamond drilling at the Melba project on Dec. 15, 2025.
• The Q4‑2025/Q1‑2026 program will consist of 26 drill holes (~1,780 m) targeting historic high‑grade gold intercepts (up to 23.27 g/t Au over 4.5 m).
• Historical data include visible gold occurrences and a 2012 bulk sample averaging 3.99 g/t Au with an estimated 230.9 oz of contained gold.

Key Details

• Permit issuance: Exploration permit granted on Dec. 15, 2025 for the planned diamond drilling program at Melba.
• Drilling commencement: In‑house drilling and core shack operations started immediately after permit receipt.
• Program scope: 26 drill holes totaling ~1,780 m to be completed in Q4 2025/Q1 2026.
• Historical high‑grade intercepts:
• Up to 23.27 g/t Au over 4.5 m near surface.
• 6.59 g/t Au over 12.87 m near surface.
• Visible gold: Multiple occurrences reported in historic drill holes and surface workings.
• 2012 bulk sample (Rock pile): Average grade 3.99 g/t Au; estimated ore‑pile size 2,000 short tons containing ~230.9 oz Au (Nordex Explosives Ltd. report, 25 Jun 2012).
• Property description: Melba mine located in Northeastern Ontario, ~7 km east of Highway 11 near Matheson; claim package covers 1,522.70 ha plus one mining lease.
• Qualified person: Mitchell Lavery, P.Geo., strategic adviser, reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“We've moved faster than most companies at our stage regarding the Melba project … If we deliver the results we're targeting, we see a clear path to building meaningful long‑term shareholder value.” – Peter Schloo, President, CEO & Director, Heritage Mining Ltd.