Shares Issued 43,502,201
TORONTO, Oct. 22 /CNW/ - Hinterland Metals Inc. (TSXV: HMI) is pleased to
announce the results of a high sensitivity combined magnetometer and
spectrometer airborne survey recently flown over the 12,916ha Hearne project
located approximately 120km west of Churchill in Northern Manitoba. The survey
has outlined an 11.5km chain of strong radiometric uranium responses trending
from northwest to southeast. This trend varies from 0.9 to 1.7km wide and
corresponds to a mature sequence of fuchsite-bearing quartzites and quartz
pebble conglomerates that form a distinct lobe extending northwest towards a
larger sedimentary basin. The larger basin is similar to a number of other
Paleoproterozoic intracratonic basins that are found on the margins of the
Churchill Province of the Canadian Shield.
Hinterland has so far only prospected the far north end of the uranium
trend but has already obtained very encouraging values of up to 0.02%
U(3)O(8). The best uranium values correspond to very strong chrome values that
reach a maximum of 1.8%. Uranium does not correlate well with gold. The best
gold values (up to a maximum of 7.5g/t) are coincident with a continuous
string of magnetic highs that are found slightly east of and parallel to the
uranium trend. It is well documented on Archean cratons elsewhere in the world
that fuchsite-bearing quartzites and quartz pebble conglomerates similar to
those found on the Hearne property are prospective for paleo-placer deposits
of gold and/or uranium.
The analytical 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.
Uranium results reported by Actlabs in ppm U were converted by a conversion
factor of 0.0001179 to % U(3)O(8). 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 questions and answers 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
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.
For further information:
For further information: Mark Fekete, President at Toll Free
1-877-874-8182, E-mail: email@example.com, Website: