Hinterland Applies for Potash Deposits in Cape Breton, Nova Scotia
08:49 EDT Wednesday, June 18, 2008
VAL D'OR, QUEBEC--(Marketwire - June 18, 2008) - Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to report that it has submitted an application for a 17,783ha special exploration license for salt and potash in the Malagawatch area of Cape Breton, Nova Scotia. The special license is underlain primarily by rocks belonging to the Windsor Group. Potash salts are currently being mined from the lower Winsor Group near Sussex, New Brunswick by Potash Corp. Previous exploration has identified the Malagawatch and Orangedale salt deposits within the area of the special license. Descriptions of these two deposits can be found in the Targeted Geoscience Initiative, a joint venture between Nova Scotia Natural Resources and Natural Resources Canada, by clicking on the following links:
The Malagawatch deposit is the more important of the two for potash and was discovered in an oil well drilled by Chevron Standard Ltd. and Irving Oil Company Ltd. in 1978. Ten deep wells and numerous diamond drill holes roughly define the deposit. Potash occurs at two distinct stratified layers. The "A" potash layer occurs up to 9m thick within a thick salt succession that completes the first major cycle of sedimentation within the lower Windsor Group. The thinner "B" potash layer occurs higher up within the middle Windsor Group. Although only limited drilling has been completed at the Orangedale deposit, it is stratigraphically similar to Malagawatch located 20km to the southeast. Both the "A" and "B" potash layers have been intersected at Orangedale but they are not as wide or as consistent as at Malagawatch.
Special exploration licenses are granted in Nova Scotia according to ministerial discretion. Once the license is granted it is valid for one year from the date it is issued, and may be renewed for four additional years. Applications must be submitted with a five year work proposal. Hinterland's proposal includes detailed compilation and 3-D modeling of previous drill hole data followed by confirmation drilling in the first year.
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 messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@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.
This release contains forward-looking statements reflecting the Company's objectives, 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.
Shares Issued 47,143,001
FOR FURTHER INFORMATION PLEASE CONTACT:
Hinterland Metals Inc. Mark Fekete President Toll Free 1-877-874-8182
Email: email@example.com Website: www.hinterlandmetals.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.