| Hinterland Samples Up to 8.12 Grams Per Tonne Gold on McIntyre Property, New Brunswick | |
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VAL D'OR, QUEBEC--(Marketwired - Sep 3, 2014) - Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland" or the "Company") is pleased to report results obtained from the two claim (610-hectare) McIntyre property ("McIntyre") located 80 kilometres west of Bathurst, New Brunswick. Hinterland holds an option to acquire a 100% interest in McIntyre. Please refer to Hinterland news release dated April 24, 2014 for further details of the option agreement. The exploration work described herein was partially funded by a $20,000 grant from the New Brunswick Junior Mining Assistance Program. Hinterland completed prospecting and geochemical sampling programs on McIntyre from mid-May to late June 2014 and collected a total of 19 rocks samples and 307 soil samples. All of the McIntyre rock samples were selected grabs from the east-trending McIntyre Brook zone, which was previously identified over a strike of 300 metres by the property vendor. Of the 19 rock samples collected, six returned values greater than 1.00 grams per tonne gold (g/t Au), ranging from 2.14 up to 8.12 g/t Au; and six samples returned values greater than 0.10 g/t Au, ranging from 0.13 up to 0.92 g/t Au. The gold component is associated with semi-massive specular hematite found within quartz veins and stockworks in an alteration zone that varies from 5 to 20 metres wide. Seventeen analytical results, ranging from 7 to 162 parts per billion gold (ppb Au), were obtained from soil samples collected over the McIntyre Brook zone, and are considered highly anomalous. The spatial distribution of these anomalous gold-in-soil results suggests that the McIntyre Brook zone continues for at least 500m from west to east before being offset to the south by approximately 150 metres. Analytical results from reconnaissance soil geochemical samples collected elsewhere on McIntyre did not distinguish any new zones of interest. Hinterland intends to continue its exploration of the McIntyre Brook zone with additional prospecting and soil geochemical sampling to the east, as well an electromagnetic ground-geophysical survey. It is expected that this work will commence in early October 2014. All rock and soil samples were collected by Breakaway Exploration Management Inc. All analytical work was completed at ISO 17025 accredited Activation Laboratories Ltd. ("Actlabs") in Ancaster, Ontario. Rock samples were prepared by crushing one kilogram to 90% passing 2mm and then pulverizing a 250g subsample to 95% passing 105 microns. Each subsample was analyzed for 36 elements (including gold) by 15g Aqua Regia digestion, ICP-MS finish. Samples returning over detection limit values (i.e., 1.0g/t Au) were re-analyzed by 30g Fire Assay Gravimetric finish. Soil samples were prepared by drying and sieving 100g to -80 mesh, and then analyzed for 36 elements (including gold) by 15g Aqua Regia digestion, ICP-MS finish. Mark Fekete (P.Geo.) is the designated "qualified person" as defined in Section 1.2 in, and for the purposes of, National Instrument 43-101 responsible for the technical content of this release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event. Shares issued: 32,674,614
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : HMI.V |
ISIN : CA4334732043 |
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Hinterland Metals is a gold and cobalt exploration company based in Canada. Hinterland Metals holds various exploration projects in Canada. Its main exploration properties are KIPAWA & LULA REE, BALLARAT, LOCKOUT, EBAY PGE and TECK in Canada. Hinterland Metals is listed in Canada and in United States of America. Its market capitalisation is 7.1 millions as of today (US$ 5.3 millions, € 4.6 millions). Its stock quote reached its highest recent level on June 20, 2008 at 1.20, and its lowest recent point on March 15, 2019 at 0.01. Hinterland Metals has 47 442 200 shares outstanding. |