Hinterland stakes entire Utik Lake Greenstone Belt, Manitoba Tuesday November 27, 9:00 am ET
Shares Issued 43,502,201 VAL-D'OR, QC, Nov. 27 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce that it has acquired three mineral exploration licenses approximately 90km southeast of Thompson, Manitoba that together cover 22,940 hectares. The new property includes the entire area of the Utik Lake Greenstone Belt that was recently mapped by the Manitoba Geological Survey (Bohm and Kremer, 2007). The greenstone belt at Utik Lake forms an east- to northeast-trending, steeply dipping succession of mafic metavolcanic and related intrusive rocks interlayered with metsedimentary sequences including iron formations, mudstones and mafic volcanic derived conglomerates. This succession is overlain by younger sequence of sedimentary rocks including polymictic conglomerates, turbidites, greywackes and sandstones. The Utik Lake supracrustal rocks are bounded by and intruded by younger felsic plutonic rocks.
The main economic potential of the Utik Lake area is for stratiform-type and orogenic (shear related) gold. Recently presented assay results by the Manitoba Geological Survey included gold values up to 8.5 g/t from samples of sulphide-bearing chert in banded iron formations that have been mapped up to several metres wide over continuous strike lengths of a few kilometres. The Utik Lake supracrustal rocks are locally well sheared by major northwest-trending dextral shears that give rise to extensional (dilational) structures that are very favourable for gold deposition. The belt also has minor potential for paleoplacer gold mineralization and Volcanic-associated Massive Sulphide (VMS) copper-zinc deposits.
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