Hinterland Discovers 7.5g/t Gold at Hearne Project, Manitoba
Thursday October 11, 9:29 am ET
Shares Issued 43,502,201
TORONTO, Oct. 11 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce the results of its 2007 surface prospecting and sampling program on the Hearne project located approximately 120km west of Churchill in Northern Manitoba. The primary goal of the program was to examine visible outcrops on the property for uranium. The work instead uncovered a significant gold discovery as well as unusually rich chromite concentrations.
Anomalous gold values up to a maximum of 7.5g/t were obtained along a 4.5km segment of sulphide-bearing quartzite and quartz-pebble conglomerate outcrops marked by a distinctive green colour. Grab samples returned chrome values up to a maximum of 1.8% and more than 55% of the samples returned greater than 1000ppm Cr. Iron and chrome values show a strong correlation indicating the presence of detrital chromite. The green colour of the outcrops is most likely caused by fuchsite mica derived from the alteration of chromite grains.
It is well documented on Archean cratons elsewhere in the world that fuchsite-bearing quartzites and quartz pebble conglomerates are prospective for paleo-placer deposits of gold and/or uranium. Chromite is commonly found in the heavy mineral suite accompanying gold and/or uranium in alluvial placers. Placer deposits form as a result of the weathering and erosion of bedrock material followed by the concentration of that material at a distance from its source.
The 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. 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 "Beyond the Press Release" on the Hinterland IR Hub at www.agoracom.com/IR/Hinterland where the results described in this press release will be discussed in greater detail by Mark Fekete, President and CEO. This interview will be recorded and available on Tuesday October 16. Investors are also invited 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 in order to receive all future press releases and updates in real time.
