Hinterland starts Hearne Uranium Exploration Program Wednesday August 1, 9:30 am ET
Shares Issued 42,677,201 TORONTO, Aug. 1 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce that exploration work has commenced on the Hearne uranium project located approximately 120km west of Churchill in Northern Manitoba. The property covers the southern lobe of the Paleoproterozoic Seal River Basin and is partly underlain by sulphide-bearing quartzite and quartz-pebble conglomerate. At least three bands of pyritic conglomerates enriched in uranium were identified by previous workers in the late 1970's. Chip sampling of the conglomerate bands yielded up to 0.10lb/ton U3O8 over widths up to 15m. Subsequent shallow drilling intersected an upper band of 0.48lb/ton U3O8 over 3m and a lower band of 0.24lb/ton U3O8 over 5m. The exploration work includes a high sensitivity combined magnetometer and spectrometer airborne survey covering an area of approximately 100 square kilometers to be completed by Prospectair Inc. of Gatineau Quebec. The work also includes ground prospecting and sampling to be completed by Hinterland personnel in the area of the previous work and also along the 11km strike length of known uranium mineralization.
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(at)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'sobjectives, 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.