Heritage Mining drills one m of 42 g/t Au at Melba

Executive Summary

• Heritage Mining Ltd. confirmed multiple high-grade gold intercepts and identified new gold zones at its Melba mine project in Northeastern Ontario.
• The most significant intercept reported is ML3900-002, which returned 42.57 g/t Au over 1.0 metre from 72 metres depth.
• The company highlighted significant exploration upside, noting that gold grades are increasing at depth and that multiple new and existing gold zones are located near the surface.

Key Details

• ML3900-002: 42.57 grams per tonne Au over 1.0 metre from 72 metres depth; hole finished in gold mineralization.
• Historical Alignment (UG-Q-60): 34.29 g/t Au over 1.4 metres.
• Historical Alignment (UG-T-60): 14.58 g/t Au over 1.98 metres.
• ML3850-003: 9 g/t Au over 1.0 metre from 52 metres depth; hole terminated after intersecting underground workings.
• Underground Workings (204 E zone): 13.31 g/t Au over 0.91 metres for a total length of 8.54 metres.
• Historical Deep Drilling (37-18): 14.24 g/t Au over 4.11 metres from 123.9 metres depth, indicating increasing grades at depth.
• Pending Results: Assays pending for holes ML3900-003, 004, and 005.
• Project Location: Melba project is located approximately 22 km northeast of Kirkland Lake and 90 km southeast of Timmins, Northeastern Ontario, Canada.
• Project Size: Approximately 3,886 hectares comprising single-cell mining claims and one mining lease.
• Geological Context: The project lies along the Ross fault, a splay off the Porcupine-Destor fault zone, near historic producing mines including the McEwen mine (approx. 22 km away) and the Ross mine (approx. 16 km away).
• Technical Methodology: Drilling uses NQ core, cut in half, with samples analyzed via PhotonAssay at Paragon Geochemical (Timmins, Ont).
• QA/QC: Standards and blanks account for a minimum of 10% of samples; all disclosed results passed stringent quality control protocols.
• Qualified Person: Mitchell Lavery, PGeo, strategic adviser for the company.
• Status: No economic evaluations, resources, or reserves have been completed or defined for the Melba project.

Notable Quotes

• "The identification of multiple new gold zones at Melba this early in the program supports significant exploration potential. Furthermore, it confirms our initial interests, underground results have not been properly evaluated . We are very excited to further understand Melba and look forward to additional results in short order," commented Peter Schloo, president, chief executive officer and director of Heritage.