Val d’Or, Quebec – Hinterland Metals Inc. (HMI: TSX-Venture) (“Hinterland”) is pleased to announce that it has expanded the Skyfall Gold property to 219 mineral claim units (12,346 hectares) by staking an additional 117 mineral claim units. The property covers the eastern extremity of the Urban-Barry Greenstone Belt, and is located approximately 150km east of Quevillon and 75km south of Chapais in the Abitibi region of Quebec. The area is within the Eeyou Istchee James Bay administrative district. The property is directly adjacent to Osisko Mining Inc.’s Urban-Barry property and is likewise underlain by a series of northeast-trending, southeast-dipping, tholeiitic volcanic rocks.http://bit.ly/2kvaEiX
Osisko’s Windfall deposit definition program is the most advanced project in the Belt. Osisko recently released its initial NI 43-101 mineral resource estimate for the Windfall gold deposit (Osisko Mining Inc. Press Release, May 15, 2018) which includes 1,453 drill holes (596,733 metres) completed by previous operators on the project since 1997, and 812 new drill holes (413,692 metres) completed by Osisko from October 2015 to March 5, 2018 in the resource area. Drilling is ongoing at Windfall with 40,000 metres completed in 131 drill holes since March 5, 2018. Bonterra Resources Inc. is the second most active company in the Belt with 60,000 metres of drilling completed in 2017 and 70,000 metres of drilling planned for 2018 as part of its deposit extension and resource expansion program at its Gladiator gold deposit. Bonterra is advancing Gladiator towards an updated NI 43-101 mineral resource estimate in the second half of 2018. (Bonterra Resources Inc. Press Release dated May 23, 2018).
The Skyfall claims, located approximately 40km due east of the Windfall and Gladiator gold deposits, have seen limited previous exploration work with only one documented drill hole. This is primarily due to an earlier lack of access into this part of the Belt. In the last five years however, the network of logging roads from Chapais have been extended south providing excellent access onto the Skyfall claims. http://bit.ly/2ISaTU1
The property requires an airborne magnetic and electromagnetic survey to generate targets for prospecting, trenching and sampling. Hinterland is actively seeking a joint venture partner to fund this exploration work on Skyfall.
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 that reviewed and approved the technical content of this release.
Mark Fekete, President at 1-819-354-5244
Zak Dingsdale, Director at 1-905-269-0797
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.