VANCOUVER, April 15, 2024 -
Heritage Mining Ltd. (CSE: HML FRA:Y66) ("Heritage" or the "Company") is pleased to announce the appointment of two key advisors, Dr. Brett Davis and Paul Warren. The Company is also pleased to announce that further to the announcement on February 26, 2024 it has received in full the Ontario Junior Exploration Program ("OJEP") grant totaling C$200,000 from the Ontario Ministry of Mines.
Appointment of Key Technical Advisors
Dr. Brett Davis
Brett is widely regarded in the exploration and mining industry for his application of applied structural geology to numerous commodity types and mineral deposit styles. The approach Brett has brought to understanding mineralizing environments globally is a product of the integration of modern structural geology and techniques married with several decades of applied research.
Brett received a structural geology PhD (1992) from James Cook University following a role as a production geologist at Mt Isa Mines. This was succeeded by six years of applied structural geological postgraduate research before returning to the minerals industry in 1998. Here he held various technical and senior managerial roles at consultancy groups and in mining and exploration companies prior to running his own international geology consultancy, Olinda Gold Pty Ltd. Brett currently holds an Adjunct Senior Research Fellow position at James Cook University.
Paul Warren, P.Geo
Paul is a highly experienced Professional Geologist with over 29 years of experience in exploration, geotechnical, structural geology and mine operations. From 1995 to 2017, Paul worked for PT Freeport McMoran ("Freeport") at the company's copper and gold mine in Irian Jaya, Indonesia (one of the largest copper/gold mines in the world). Paul held a range of operating and management positions at Freeport including Exploration Geologist where he conducted helicopter assisted exploration in remote locations; General Superintendent roles leading and training Freeport geological teams in resource, geology and hydrology modelling. Paul is an expert at computer based modeling and early-stage exploration. Paul holds a Master of Arts in Geology and a Bachelor of Science Geology from University of Texas at Austin. Paul is a Professional Geologist, Certified Professional Geologist and a Project Management Professional ("PMP"). Paul is based in Tucson, Arizona.
"Dr. Brett Davis and Mr. Warren have the skillsets and track records to take our Company to the next level. Working with them has been eye opening into what can be accomplished digitally and have set a record pace for target development.
We look forward to further updates as we develop our projects in a systematic manner." Commented Peter Schloo, President, CEO and Director of Heritage.
OJEP Receipt
OJEP helps junior mining companies finance early exploration projects in Ontario. These projects help boost
mineral exploration, growth and job creation in the province.
"We would like to thank the Ministry of Mines for the receipt of funds pertaining to the OJEP program. We look forward to further advancing our projects in Northwestern Ontario in a systematic manner." commented Peter Schloo, President, CEO and Director of Heritage.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo, CPA, CA, CFA
President, CEO and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward?looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward?looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
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