Hinterland Metals Inc.

Published : October 11th, 2007

Discovers 7.5g/t Gold at Hearne Project, Manitoba

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October 11, 2007

Hinterland Metals - Press Release

 


Hinterland Discovers 7.5g/t Gold at Hearne Project, Manitoba

 

 

 

Toronto, Oct. 11 2007 - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce the results of its 2007 surface prospecting and sampling program on the Hearne project located approximately 120km west of Churchill in Northern Manitoba. The primary goal of the program was to examine visible outcrops on the property for uranium. The work instead uncovered a significant gold discovery as well as unusually rich chromite concentrations.

Anomalous gold values up to a maximum of 7.5g/t were obtained along a 4.5km segment of sulphide-bearing quartzite and quartz-pebble conglomerate outcrops marked by a distinctive green colour. Grab samples returned chrome values up to a maximum of 1.8% and more than 55% of the samples returned greater than 1000ppm Cr. Iron and chrome values show a strong correlation indicating the presence of detrital chromite. The green colour of the outcrops is most likely caused by fuchsite mica derived from the alteration of chromite grains.

It is well documented on Archean cratons elsewhere in the world that fuchsite-bearing quartzites and quartz pebble conglomerates are prospective for paleo-placer deposits of gold and/or uranium. Chromite is commonly found in the heavy mineral suite accompanying gold and/or uranium in alluvial placers.
Placer deposits form as a result of the weathering and erosion of bedrock material followed by the concentration of that material at a distance from its source.

The results stated above were determined at Activation Laboratories Ltd. ("Actlabs") in Ancaster, Ontario by Neutron Activation technique. Actlabs is an accredited laboratory independent of Hinterland. 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 "Beyond the Press Release" on the Hinterland IR Hub at http://www.agoracom.com/IR/Hinterland where the results described in this press release will be discussed in greater detail by Mark Fekete, President and CEO. This interview will be recorded and available on Tuesday October 16. Investors are also invited 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.

For more information please contact:
Mark Fekete, President at Toll Free 1-877-874-8182
E-mail: info@hinterlandmetals.com
Website: http://www.hinterlandmetals.com

AGORACOM Investor Relations
http://www.agoracom.com/IR/Hinterland
HMI@Agoracom.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This release contains forward-looking statements reflecting the Company's objectives, estimates and expectations for its projects. These statements are identified by the use of verbs such as "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology. By their very nature, these types of statements involve risk and uncertainty. Consequently, results could differ materially from the Company's projections or expectations.

 

 

 

 

 

 

FEATURED LINKS

Hinterland Metals Web Site

Hinterland Metals IR HUB

 

 

 

 

 







Hinterland Metals Inc.

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 CA$ 6.3 millions as of today (US$ 4.7 millions, € 4.2 millions).

Its stock quote reached its highest recent level on June 20, 2008 at CA$ 1.20, and its lowest recent point on March 15, 2019 at CA$ 0.01.

Hinterland Metals has 42 270 000 shares outstanding.

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Financings of Hinterland Metals Inc.
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 Hinterland Metals Inc.
9/15/2007Grants 825,000 Incentive Stock Options
Nominations of Hinterland Metals Inc.
5/24/2007Appoints Vaughn MacLellan as Director
Project news of Hinterland Metals Inc.
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 Hinterland Metals Inc.
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...
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