| We are providing an update on Heritage Mining Ltd. (CSE: HML) as we move to close the year off, this is a fantastic time to pay attention to HML as there is significant news flow during what is normally referred to as the tax loss selling period. Alternatively, and from a contrarian perspective, a great opportunity.
The Company has never before in its history been this well supported from a technical and capital markets perspective. With material news flow around the corner, now is the time to pay attention to HML as we close out the year.
Normally during this time Companies wind down and prepare for the new year as news flow and results are less impactful overall. This is not the case for Heritage Mining.
Summary below includes the following:
- News Flow Forecast (5-7 over the next 3 months)
- Future Marketing Initiatives
- Summary since our last shareholder update
News Flow Forecast
1) Drill Mobilization – early to mid-January – Commencement of ~1,000m drill program on current permitted areas (Zone 3 (Intrusion-related Gold target, New Millennium – immediate vicinity of highest sample on property 2,330g/t Au and vein intersection). Contact Bay
2) Geophysical Reports (Mag UAV) for both DBL and Contact Bay with target recommendations.
Important note: Our prospecting has worked closely when the Geophysics team was on the ground and the majority of mag anomalies have been checked via prospecting. This means we are ahead of the game on target confirmation. The next step on these targets would be IP or drilling, a final report and analysis is required.
3) Prospecting program findings (Results ~4-6 weeks from lab submission)
Over 55km in traverses identifying ~170 outcrops, samples are being submitted this week to the lab. Additionally, the majority of mag highs have also been inspected.
4) Permits Imminent to 60 days
- DBL – Geophysics (IP) 30days, Drilling (45-60 days) – Filed
- Contact Bay – Geophysics and Drill permit – Pending results – Imminent
5) Drill results – 4-6 weeks after each target is completed (Zone 3 and/or New Millennium)
6) Option Earn in:
- 51% earn-in milestone January 25, 2025 – DBL Flagship
- 100% earn in milestone – Riives Claims January 2025
Future Marketing Initiatives
Marketing for Q1 2025 will consist of road shows covering:
- Quebec, Canada
- Toronto, Canada
- Calgary, Canada
- Vancouver, Canada
- Panama
- Frankfurt, Germany
- Munich, Germany
- Zurich, Switzerland
Summary since our last shareholder update
Marketing
- September 21-28, 2024: European Marketing Tour
We travelled to Frankfurt, Zurich and Munich for an investor-packed meeting schedule totalling over 77 high net worth and institutional investors over 3 days. We had great results both on the market and in the recently oversubscribed private placement.
- October to November 2024:
- Marketing Across Quebec road show resulted in a total of 76 investors over 3 cities and three days. This was a great success both on the market and in the recently oversubscribed private placement.
- Vancouver and Kelowna road show totalled over 40 investors over three marketing days. It was a mix of close-knit lunches as well as prominent known groups in the mining industry. We believe these are untapped market areas for Heritage Mining as we continue to develop relationships
Technical Insights – October/November 2024
Brett Davis and Gregg Morison collective Field and Drill Core Study, Ore Controls and Multi-Element Geochemistry analysis identifying key areas of interest driving HML’s recent staking, prospecting and geophysical program initiatives fall 2024.
Prospecting – November 2024
Prospecting program along 15km contact zone. Confirmed alteration and sulphide mineralization are similar to drill core from the Zone 3 program which identified a new intrusion gold related mineralization.
Geophysics – October/November 2024
UAV Mag over the 15km contact zone at zone 3 + Contact Bay, results pending.
Note:
This is not a solicitation
Great White Capital is an insider, owns stock and holds options/warrants in the Company.
Please consult an investment professional before any investment decisions. |
