VanEck Vectors Global Alternative Energy ETF

Published : March 16th, 2010

Acquires Lac Fecteau in Windfall Lake Area, Quebec

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Fekete | Gold Mine |
� 
Agoracom
Newsletter

MARCH 16, 2010

Hinterland Acquires Lac Fecteau in Windfall Lake Area, Quebec

VAL-D'OR, QUEBEC-(March 16, 2010) - Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has reached an arms-length agreement to acquire the 37-claim (2089 hectare) "Lac Fecteau" gold property located some 120km southwest of Chibougamau, Quebec. The property is located within the Barry-Urban Greenstone Belt approximately 20km east of Eagle Hill's Windfall Lake Project and 30km northeast of Metanor Resources' Barry open pit gold mine.
The property is underlain by felsic to mafic volcanic rocks and related porphyritic intrusive rocks. Two mineral showings have been identified on the property to date. The Lac Fecteau showing is a series of massive sulphide lenses. Drilling by Noranda in 1998 intersected up to 5% zinc and 0.5% copper over 1.0m. The Freeman-Buteux gold showing returned numerous gold-bearing intersections related to a sheared mafic volcanic zone cut by several holes drilled by Soquem in the late 1980's. The best intersection reported 3.5gpt Au over 1.1m from 73.5m within a zone grading 0.4gpt Au over 17.0m from 67.8m. Individual assays up to 8.0gpt Au over 0.5m were reported in the Soquem drill logs.

"In light of the drill results announced by Eagle Hill at Windfall, any old showings in the Barry-Urban belt must be re-evaluated for wider intervals with lower but more consistent gold grades," comments Mark Fekete, President and CEO of Hinterland.

Under the terms of the agreement Hinterland has the option to earn a 100% interest in the property for total consideration of $100,000 cash, 1,000,000 treasury shares and $1,000,000 exploration work scheduled over a three-year period subject to a two-part production royalty (the "Royalty") consisting of a 2.0% Net Smelter Returns royalty on smeltable materials and a 2.0% Gross Overriding Receipts royalty on diamonds. Hinterland will have the right to buy back the first 1.0% of the Royalty for $1,000,000 and will have the right of first refusal on the remaining 1.0%. The agreement is subject to approval by the Hinterland's Board of Directors and by regulatory authorities in compliance with applicable securities legislation.

The analytical results referred to in this release are historical in nature, have not been verified by Hinterland and should not be relied upon. 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 preparation of this release.

Investors are invited to visit the Hinterland IR Hub at www.agoracom.com/IR/Hinterland � � where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@agoracom.com � where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time. Also note that Mark Fekete will be discussing Hinterland's gold projects in an interview posted on Agoracom this week.

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 64,959,233

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.

For more information, please contact

Hinterland Metals Inc.
Mark Fekete
Toll Free 1-877-874-8182 Ext. 210

Or

Hinterland Metals Inc.
Rock Ouellette
Toll Free 1-877-874-8182 Ext. 250


FEATURED Links:
.

VanEck Vectors Global Alternative Energy ETF

EXPLORATION STAGE
CODE : HMI.V
ISIN : CA4334732043
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of VanEck Vectors Global Alternative Energy ETF
9/29/2009Closes Final Tranche of $622,430 Private Placement
9/3/2009Closes Second Tranche of Private Placement for $300,000
8/28/2009Closes First Tranche of Private Placement for $150,930
7/29/2009Arranging $720,000 Private Placement
11/26/2008Extends Expiry Date of Share Purchase Warrants
1/3/2006$ 220,000 private placement closed
12/30/2005$ 110,000 private placement closed
Option Grants of VanEck Vectors Global Alternative Energy ETF
9/15/2007Grants 825,000 Incentive Stock Options
Nominations of VanEck Vectors Global Alternative Energy ETF
5/24/2007Appoints Vaughn MacLellan as Director
Project news of VanEck Vectors Global Alternative Energy ETF
7/12/2016Hinterland to earn interest in Troilus Lithium Property surr...
9/14/2012(Teck)Options Teck-Kirkland Property in Ontario to Opawica
9/16/2009(Lockout)Drilling Lockout Gold Project, Quebec
4/29/2008(Ebay Pge)Drills Up to 1.46g/t PGE at Ebay Property, Quebec
4/15/2008Drilling Intersects 13.8g/t Au & 4.1g/t Ag Over 1..7m at Ran...
4/9/2008(Ebay Pge)Finds More Platinum & Palladium at Ebay Property, Quebec
2/21/2008(Ebay Pge)Continues to Hit Platinum & Palladium at Ebay Property, Queb...
2/14/2008(Ebay Pge)Hits Platinum & Palladium at Ebay Property, Quebec
12/11/2007(Plateau (dot-com))Starts Drilling at Plateau PGE Project, Quebec
Corporate news of VanEck Vectors Global Alternative Energy ETF
7/11/2016Hinterland adds claims to the Brexit Lithium Property in the...
6/23/2016Hinterland acquires lithium claims in Mountain Lake Belt, Qu...
5/17/2016Hinterland updates Tak Property in Dawson Mining District of...
5/16/2016Hinterland 2016 AGM Results and Extension of Warrants
3/30/2016Hinterland grants 2,400,000 options to officers and director...
12/8/2014Hinterland Completes Electromagnetic Survey on Guyberry Gold...
12/3/2014Hinterland Acquires 100% Interest in Mozart Gold-VMS Propert...
9/9/2014Hinterland Updates Quebec Exploration Activity
9/3/2014Hinterland Samples Up to 8.12 Grams Per Tonne Gold on McInty...
6/23/2014Hinterland Correction to Final Tranche of Private Placements
6/17/2014Hinterland Appoints Mr. John Langton to Board of Directors
6/13/2014Hinterland Closes Final Tranche of Private Placements
6/9/2014Hinterland Receives $40,000 Grant Under the New Brunswick Ju...
6/3/2014Hinterland Annual and Special Meeting Results
5/27/2014Hinterland Closes First Tranche of Private Placements
5/1/2014Hinterland Acquires Williams Brook Gold Property in New Brun...
4/24/2014Hinterland Acquires McIntyre Gold Property in New Brunswick
4/15/2014Hinterland Acquires Sakami Gold Claims in Quebec
4/9/2014Hinterland Acquires Lac Surprise Claims in Quebec
6/28/2013Annual and Special Meeting Results
2/21/2013Completes Airborne Geophysical Survey Over Mozart Gold Prope...
6/20/2011and Stakeholder Gold Corp. Complete Spin-out of Yukon Assets
6/8/2011Spin-Out Arrangement With Stakeholder Gold Corp. Approved by...
5/17/2011Begins Exploration Work at Kipawa Rare Earth Project in West...
4/4/2011Executes Arrangement Agreement with Stakeholder Gold Corp.
2/22/2011Stakes TM Property in White Gold Area of Yukon
3/15/2010Yahoo! Interview with Mr. Mark Fekete
3/16/2010Acquires Lac Fecteau in Windfall Lake Area, Quebec
2/18/2010Company update
7/15/2009Hinterland Mobilizes Exploration Crew to Ballarat Property
7/8/2009Vend Two White Gold District, Yukon Properties to Silver Que...
6/26/2009Stakes Additional Claims in White River Gold Play, Yukon
6/23/2009Options 1661ha Ballarat Property in White River Gold Play, Y...
6/10/2009closes $175,000 Financing
4/10/2008Discovers 1.8m of 1.12% Copper and 0.36% Nickel at Ebay Prop...
2/4/2008Industry Bulletin
12/12/2007starts drilling at Raney Gold Project, Ontario
12/5/2007closes $476,880 Financing
11/27/2007Stakes Entire Utik Lake Greenstone Belt, Manitoba
11/20/2007arranges $600,000 Financing
11/13/2007Sells Otish Basin Interest to Kakanda for 500,000 Shares
11/6/2007 to drill recently acquired Raney Gold Property,Ontario
10/22/2007Outlines 11.5km Uranium Anomaly at Hearne
10/11/2007Discovers 7.5g/t Gold at Hearne Project, Manitoba
9/4/2007Summer 2007 Exploration Update
8/1/2007 starts Hearne Uranium Exploration Program
6/11/2007Hires Downshire Capital Inc
5/8/2007closes $75,000 Financing
4/26/2007and Kakanda OtishU JV Airborne Survey
4/5/2007Doubles size of Hearne Uranium Project near Churchill, Manit...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HMI.V)Other OTC (HNLMF)
0.150+0.00%1.45+0.00%
TSX-V
CA$ 0.150
06/28 17:00 -
0%
Prev close Open
0.150 0.150
Low High
0.150 0.150
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.150 -%
Volume 1 month var.
1,250 -%
24hGold TrendPower© : -18
Produces
Develops
Explores for Gold - Palladium - Platinum - Rare earth
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/9/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.78-0.59%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.51-6.49%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-0.34%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-20.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.16+3.35%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.54-6.49%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+11.32%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.54-4.51%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.68+0.86%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.08-11.49%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.