Heritage Mining confirms new gold near Pelham deposit

Executive Summary

• Heritage Mining Ltd. has released results from its 2025 prospecting program at the Scattergood project, confirming new surface gold mineralization.
• The discovery is located approximately 4.5 kilometres from Dynasty Gold’s Pelham deposit, which holds a resource of 182,000 ounces at 1.37 g/t Au.
• The company plans to immediately follow up with a broad-spaced geochemical orientation program to further evaluate the target.

Key Details

• Discovery Location: Surface gold mineralization identified at the Scattergood project, approximately 4.5 km from the Dynasty Gold Pelham deposit.
• Geological Context: The new occurrence shares a similar geologic setting to the Pelham deposit.
• Geophysical Anomalies: Coincident magnetic and IP (Induced Polarization) chargeability anomalies were identified, measuring 500 metres by 200 metres, similar to those at the Pelham deposit.
• Pelham Deposit Reference: Dynasty Gold’s Pelham deposit is reported as 182,000 ounces at 1.37 grams per tonne Au (0.45 gram per tonne cut-off), per NI 43-101 report filed Jan. 4, 2022.
• Sampling Program: A two-week prospecting sampling program collected 70 rock chip samples from outcrop.
• Structural Controls:
  • Primary: North-south-trending structural corridor (regional crustal scale, interpreted highway for fluid flow).
  • Secondary: East-west-trending deformation zone hosting gold mineralization within the north-south corridor.
• Geological Setting: The Scattergood project (6,397 hectares) straddles the lower segment of Wapageisi group volcanic rock and felsic intrusive bodies (Taylor Lake stock, Meggisi Pluton, Scattergood Lake stock).
• Next Steps: Heritage is planning a broad-spaced geochemical soil and till orientation program for immediate follow-up.

Notable Quotes

• "We are very pleased with the initial exploration results from our Scattergood project. The Heritage exploration team has newly identified surface gold mineralization through prospecting within approximately 4.5 km from a known gold deposit Dynasty Golds, Pelham deposit. This new discovery is important due to its proximity to the Pelham deposit, we plan to aggressively evaluate the potential of this area. We look forward to further developing this gold target and providing additional updates on our Ontario project portfolio in short order," commented Peter Schloo, president, chief executive officer and director of Heritage.