Home > Boards > US OTC > Delisted > Novamind Inc. (fka NVMDF)
Followed By 51
Posts 15975
Boards Moderated 0
Alias Born 02/03/2004

Tuesday, November 29, 2011 1:57:46 PM

Re: None

Post# of 134
Hinterland Acquires Mozart Gold Property in Quebec

Tuesday, November 29, 2011

VAL D'OR, QUEBEC--(Marketwire - Nov. 29, 2011) - Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has entered into an option agreement with a locally based prospecting syndicate whereby Hinterland may earn a 100% interest in the 20-claim (692-hectare) Mozart property located 50 kilometres northeast of Val d'Or, Quebec. Gold mineralization related to sulphide-bearing quartz veins has been identified on the Mozart property at several locations exposed by hand trenching. The mineralization appears to be associated to two parallel northwest-trending zones. Assay values up to 10.4 grams tonne gold (gpt Au) have been obtained from grab samples taken at the more easterly zone whereas values up to 1.2 gpt Au have been returned from grab samples taken at the more westerly zone.

Under the terms of the option agreement, Hinterland may earn a 100% interest in the Mozart property by paying $36,000 cash, issuing 650,000 shares and doing $350,000 of exploration work over a three year period. The property will be subject to a 2.5% royalty interest. Hinterland will have the right to purchase 1.5% of the royalty interest for $1 million and will have a right of first refusal on the remaining 1%. The agreement is subject to approval by regulatory authorities in compliance with applicable securities legislation. Hinterland intends to start exploration work immediately with line cutting and geophysical surveys followed by diamond drilling.

The analytical results referred to in this release were determined at Bourlamaque Assay Laboratories ("Bourlamaque") in Val d'Or, Quebec by fire assay, atomic absorption technique for gold. Bourlamaque is not accredited but it is independent of Hinterland, maintains an internal quality control program and participates annually in CANMET round-robin proficiency testing. Mark Fekete, P.Geo., a "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101, reviewed the technical content of this release.

Follow Hinterland on:

Facebook: http://www.facebook.com/hinterlandmetals
Twitter: http://twitter.com/hinterland_hmi
Youtube: http://www.youtube.com/user/HinterlandMetals
Flickr: http://www.flickr.com/photos/hinterlandmetals/
This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued - 24,094,614

FOR FURTHER INFORMATION PLEASE CONTACT:

President
Mark Fekete
Toll Free 1-877-874-8182 Ext. 210
info@hinterlandmetals.com
www.hinterlandmetals.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20111129&archive=ccnm&slug=201111290748734001

IGEN Networks Corporation wins award to provide Medallion GPS to New York State Counties IGEN Jun 24, 2022 6:00 AM

BOX Pure Air Supplies Highland Park Independent School District (TX) AIRBOX ™ Air Purification Units Improving Air Quality in Schools SING Jun 23, 2022 1:05 PM

Gaensel Energy Group, Inc. (GEGR) Presents Its Partners and Activities of Its CONSORZIO GREEN SOLUTION & GNL GEGR Jun 23, 2022 11:40 AM

Resgreen Group Announces Major Milestone with LilBuddy ™ Pilot Testing RGGI Jun 23, 2022 7:07 AM

Demand Brands engages BF Borgers CPA PC as auditor DMAN Jun 22, 2022 9:11 AM

Global Fiber Technologies, Inc., Closes its First Round of Inventory Financing. GFTX Jun 22, 2022 9:00 AM

Maison Luxe Appoints Aether Diamonds CEO Ryan Shearman to Its Board of Directors MASN Jun 22, 2022 8:54 AM

Pasithea Therapeutics Acquires Alpha-5 Integrin, LLC KTTA Jun 22, 2022 8:07 AM

Amesite Launches V5 Platform, Enabling Every Business, University and Museum to Deliver or Sell AI-Powered, Branded eLearning AMST Jun 22, 2022 7:34 AM

Dalrada Financial Corporation Appoints Brian McGoff as President and Chief Operating Officer DFCO Jun 21, 2022 9:30 AM

Global Arena Holding Initiates 1 for 12 Reverse in Support of Potential Capital and Growth Endeavors GAHC Jun 21, 2022 7:21 AM

Hillcrest Investor Technology Poised For Central Role In The Reimagined Energy Future HLRTF Jun 20, 2022 6:04 AM

Co Brand Partners Investing in Social Revolution Jun 17, 2022 4:00 AM

Resgreen Group Announces Release of Significant Update to BotWay ™ Fleet and Management System RGGI Jun 16, 2022 6:00 AM

GoDaddy Founder, Bob Parsons Details Journey of Healing Through Psychedelics in Exclusive Interview With PSYC PSYC Jun 15, 2022 8:30 AM