Shares Issued 42,677,201
TORONTO, Sept. 4 /CNW/ - Hinterland Metals Inc. (TSXV: HMI) has been
active on several exploration projects throughout the summer and wishes to
provide investors with an update on its activities. The mineral exploration
industry is currently challenged by a shortage of available line-cutting,
geophysical and drilling contractors and persistent delays at all commercial
assay laboratories. Despite this, Hinterland continues to apply a hands-on,
disciplined approach to its projects with the ultimate goal of building share
value and liquidity through discovery. Also Hinterland has recently received
numerous inquires concerning its Otish Mountain and Nunavut uranium holdings.
The Company intends to farm-out these uranium interests in the short term.
A gold-bearing zone was intersected in 4 of 5 holes drilled on the
Lockout gold project located 90km due east of Quevillon, Quebec. The best
intersection obtained from within the zone was 1.0 g/t over 2.4m. However
anomalous gold values were obtained over widths of 13m and management believes
that further drilling will lead to more significant gold mineralization.
Detailed surface geophysical surveys are planned in order to delineate
additional drill holes.
Work is also moving ahead on the Plateau PGE project located 35km
southeast of Matagami, Quebec. Exploration is focused on the Ebay property
where Hinterland intersected significant PGE mineralization in two previous
drill campaigns. Due to the poor condition of the Ebay grid, it was necessary
re-cut the grid to allow for the completion of soil geochemical and induced
induced-polarization surveys that were started in May. Hinterland expects to
resume drilling by mid-October after pending surface surveys are properly
Exploration on the Hearne uranium project, situated 120km west of
Churchill in Northern Manitoba, consisted of surface prospecting and sampling
along the 11km strike length of known uranium mineralization. The results of
this work are pending as well as a high sensitivity, helicopter-borne survey
covering an area of approximately 100 square kilometers.
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 to receive all future press releases and updates in real time.
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: firstname.lastname@example.org, Website: