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Gold 3,881.90 −0.1% Silver 49.13 −1.9% Copper 6.10 −1.5% Oil 88.78 +0.1% Palladium 1,007.50 +1.6% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.35 −5.1% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.3% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.340 −1.4% MKO 10.68 −1.3% SGML 7.38 +4.2% CERT 2.25 +5.9% Gold 3,881.90 −0.1% Silver 49.13 −1.9% Copper 6.10 −1.5% Oil 88.78 +0.1% Palladium 1,007.50 +1.6% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.35 −5.1% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.3% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.340 −1.4% MKO 10.68 −1.3% SGML 7.38 +4.2% CERT 2.25 +5.9%
Drill Results

Heritage Mining receives permit, begins Melba drilling

By The Northwire Desk — AI Analysis Dec 16, 2025 · 19:24 HML · 0.025 Heritage Mining Ltd
HML · Price

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.

Read the original news release →

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