News out! I think it's a bottom here..
Hinterland Summer 2007 Exploration Update
Tuesday September 4, 3:57 pm ET
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.
ADVERTISEMENT
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 compiled.
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(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.
AI
