Posts Tagged Hinterland

HINTERLAND SAMPLES UP 796PPB AU IN SOILS AT BALLARAT PROPERTY IN WHITE GOLD DISTRICT OF YUKON

Hinterland Metals Inc. has released final results from the 2010 exploration program on the 200-claim (4,140 hectares) Ballarat property located approximately 100 kilometres due south of Dawson City in the White Gold district of Yukon. Approximately 15 kilometres due north of Ballarat is Kinross’s White Gold deposit with a current resource estimation at the Golden Saddle zone of 1,004,570 indicated ounces at 3.2 grams per tonne (g/t) Au and 407,413 inferred ounces at 2.5 g/t Au; and at the Arc zone of 170,470 inferred ounces at 1.2 g/t Au (Underworld press release — Jan. 19, 2010). Kaminak’s discovery hole of 15.5 metres over 17.1 g/t Au at the Supremo zone is located about 20 kilometres southwest of Ballarat.

The program comprised 30 kilometres of line cutting, 961 deep-auger-type soil samples and 750 metres of mechanical trenching. The soil sampling was completed at 25-metre stations along cut lines that average 90 metres apart. Two very strong gold-in-soil anomalies were outlined. Each anomaly appears to trend east-west for a minimum distance of 1,000 metres on the property. The southern anomaly is the best defined with maximum values up to 796 parts per billion (ppb) Au. The northern anomaly has numerous high values up to 188 ppb Au. Preliminary sampling completed in the same area by Hinterland in 2009 returned maximum values of only 68 ppb from an average sample depth of 30 centimetres. In contrast, the 2010 samples were taken from an average depth of 60 centimetres and, based on the enhanced results, appear to have sampled the deeper, less weathered, less oxidized, more representative C horizon of the soil profile.

Four trenches were dug at 50-metre intervals along a strike length of 160 metres. Fifty-nine rock samples were collected in total. At the far north end of the trenches, a mineralized structure was exposed at the contact of chlorite schist to the north and rusty muscovite schist to the south. The structure is marked by quartz-carbonate veins and breccias and massive stibnite (antimony) mineralization. Several samples returned antimony values above the upper detection limit of 2,000 ppm Sb, but no significant gold values were obtained. Clearly, the structure exposed by the trenching is not the source of the gold-in-soil anomalies. The only notable result of the trenching was 1.3 g/t Au from a one-metre-wide quartz vein exposed at the south end of the second trench. The trenching was completed before the 2010 soil geochemical results were received and did not at all test the gold-in-soil anomalies described above.

“The excellent soil sample results obtained in 2010 clearly define two very strong, untested gold anomalies and have greatly improved our ability to pick prospective drill targets,” comments Mark Fekete, president.

All analytical work was completed at Acme Analytical Laboratories Ltd. in Vancouver, B.C. Acme is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100 grams to minus 80 mesh. Rock samples were prepared by crushing one kilogram to 80 per cent passing minus 10 mesh and then pulverizing a 250-gram subsample to 85 per cent passing minus 200 mesh. Both soils and rocks were analyzed for 36 elements (including gold) by 15-gram aqua regia digestion, ICP-MS finish. The rocks were also analyzed for gold by 30-gram fire assay, ICP-ES finish. Mr. Fekete, PGeo, is the designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the technical content of this release.

, , , , , ,

No Comments

HINTERLAND STAKES ADDITIONAL CLAIMS AT BALLARAT PROJECT IN WHITE GOLD DISTRICT OF YUKON

Hinterland Metals Inc. has staked an additional 106 claims adjacent to its Ballarat gold property located approximately 100km due south of Dawson City in the White Gold District of Yukon. Included in this staking are several key fractional claims located at the northwest corner of the property. Hinterland has effectively doubled the size of Ballarat to 200 claims enclosing an approximate area of 4140 hectares. Ballarat covers the southeastern slopes of Thistle Mountain. Historical cumulative placer gold production from creeks draining Thistle Mountain including Ballarat, Thistle, Kirkman, Sparkling and Barker is reported to be 104,604 ounces in the period 1913 to 2006 (Compiled from Yukon Placer Mining Industry volumes published by Indian and Northern Affairs Canada).
Hinterland has also staked two new properties in the White Gold Area. The 38 (787ha) “Divide” claims cover a ridge that divides Thistle and Barker creeks approximately 7km north of Ballarat. Both creeks currently have active placer mines in operation and have seen significant past production of placer gold. The 38 (787ha) “Erin” claims are located just north of the Stewart River approximately 10km northeast of the Golden Saddle deposit held by Kinross. Hinterland also holds 10 claims (207ha) located on Coffee Creek. These are enclosed by Kaminak’s Coffee property and are located approximately 5km east of Kaminak’s new Supremo discovery.
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.

, , , ,

No Comments

Hinterland Updates on Ballarat

Hinterland Metals Inc.’s soil geochemical and airborne geophysical surveys are now complete on the Ballarat property and preliminary interpretation of the results is encouraging. The exploration target at Ballarat is gold mineralization associated with soil geochemical and magnetic anomalies similar to Underworld’s white gold discovery located approximately 15 kilometres due north.

The soil survey has identified two parallel, northeast-trending, linear gold anomalies in the northwestern corner of the property. Each anomaly is roughly two kilometres long. The northern anomaly is better defined, more continuous and averages 100 to 150 metres wide. The second anomaly, located about 200 metres southeast of the first, is less definite, irregular and generally less than 50 metres wide. The anomalous gold area corresponds to a magnetic low that occurs on the northwestern margin of a circular magnetic high that covers most of the Ballarat property. The preliminary interpretation of the soil geochemical and magnetic data is that there is a sharp lithological contact between relatively gold-enriched rocks to the northwest with relatively gold-depleted rocks to the southeast. An exploration crew recently spent several days on the Ballarat property and located four quartz veins in the anomalous gold area.

The soil geochemical survey involved the collection and analysis of 1,478 B Horizon soils. The analytical work was completed at Acme Analytical Laboratories Ltd., in Vancouver, B.C. Samples were dried and sieved to minus-80-mesh size and analyzed for 36 elements (including gold) by 15-gram aqua regia digestion, ICP-MS finish technique. Acme is accredited under ISO 9001.

The multisensor geophysical survey airborne geophysical survey was completed by Precision Geosurveys Inc., of Vancouver, B.C., with a helicopter flying grid lines at 100-metre line spacing. A total of 300 line kilometers of data was collected. A high-resolution magnetometer system was used to assist in interpreting bedrock units, structure and alteration. A radiometric system consisting of a multichannel spectrometer with state-of-the-art design and large gamma-ray-sensing crystals was used to map lithologies and alteration.

, ,

No Comments

Hinterland Mobilizes Exploration Crew to Ballarat Property, White Gold Area Play, Yukon

Hinterland Metals Inc. has mobilized an exploration crew onto the Ballarat property located approximately 15 kilometres south of the Golden Saddle zone where Underworld Resources Inc. recently reported an outstanding gold discovery. Hinterland also reports that it has staked 14 additional claims bringing Ballarat up to 94 claims (1,995 hectares) in size. The importance of Underworld’s discovery cannot be overstated. The hole announced on May 26 is perhaps the most significant gold intercept ever reported in the White River region. This area lies within an underexplored part of the Tintina gold belt and is underlain by rocks of the Yukon-Tanana geologic terrane. These same rocks host the Pogo and Fort Knox gold mines in the Fairbanks gold district some 400 kilometres to the northwest. Underworld’s success relies heavily on the previous work, knowledge and experience of a local prospecting group. This group’s method of intensive soil sampling followed up by prospecting and mechanical trenching has not only shown to be effective on the White Gold property but has also developed drill targets on Underworld’s Black Fox property and Kaminak Gold Corp.’s Coffee, Cream and Kirkman properties.

Hinterland is following the same exploration strategy by partnering with a local prospector, acquiring a property where previous work has returned very prospective gold values and expanding the original property by staking. Ballarat also has a good road network that connects it to an airstrip 11 km due south on the Yukon River where barges can deliver supplies and equipment. This makes Ballarat relatively economical to explore compared with other properties in the area held by competitors.

Over the next several weeks the exploration crew will complete an intensive soil geochemical survey in the northwestern third of the property. The goal of the work will be to better define and extend a 1.2-kilometre southeast-trending soil geochemical anomaly outlined in 1991 that showed maximum individual values of 811 parts per billion (0.8 gram per tonne (g/t)) Au (Yukon Geology AFR 092982). Quartz boulders in the same area were also reported to return values up to 32 g/t Au (0.93 ounce per ton). The soil survey data will be followed up by prospecting and trenching with the ultimate goal of generating drill targets. Contingent upon the results of the surface work, Hinterland expects to begin drilling as soon as Sept. 15, 2009. Hinterland is currently seeking financing for this latter phase of exploration.

Mark Fekete, PGeo, is the designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the contents of this release. The analytical results stated above are historical in nature, have not been verified by Hinterland and are not considered reliable in the context of NI 43-101.

Investors are invited to view an audio slide presentation on the company’s website that discusses the Ballarat project in detail. It is expected that the presentation will be posted by July 21, 2009. Investors are also invited 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.

,

No Comments

Silver Quest Acquires Properties in White Gold Area

Silver Quest Resources Ltd. has signed option agreements with Hinterland Metals Inc. and three private individuals to acquire a 100-per-cent interest in both the CC and the TAK gold properties. Both the properties are located in the newly recognized White Gold area, approximately 120 kilometres south of Dawson City, Yukon.

Pursuant to two separate option agreements, the company can acquire a 100-per-cent interest in each property for cash payments of $60,000 ($15,000 upon signing), the issuance of 800,000 shares (200,000 upon signing) and work commitments of $500,000 ($50,000 in the first year) over a three-year period. The vendors retain a 2-per-cent-net-smelter royalty (NSR) on each property, with the company having the right to buy back 1 per cent of each NSR for $1.0-million within three years of the exercise of the option. In addition, should the company complete a 43-101-compliant resource estimate on either property in excess of 100,000 ounces of gold in an indicated category, the company will be required to make a one-time payment of $100,000 and issue an additional 75,000 shares to the vendors.

The principal target on each property is a near-surface, bulk tonnage gold deposit similar to new discoveries on Underworld Resources Inc.’s White Gold property. Underworld has identified two deposits, including the Golden Saddle zone with intercepts of 3.39 grams per tonne gold over 104 metres in hole WD09-31, and 3.16 grams per tonne gold over 44.5 metres in hole WD09-32, and the Arc zone which returned 1.51 g/t Au over 78 metres in holes WD09-39.

The CC property comprises 32 claims (665 hectares) and is strategically located between Underworld’s Thistle and Black Fox properties, approximately 20 kilometres southeast of the Golden Saddle deposit. The claims, located due east of Kaminak Gold Corp.’s Kirkman property, cover the ridge between Kirkman Creek to the south and Lulu Creek to the north. Lulu Creek drains into Thistle Creek, an area that has been active in placer gold production since 1978 and has produced in excess of 63,000 ounces of gold (Yukon Geological Survey Records, 2008).

The TAK property comprises 16 claims (332 hectares) and is located approximately 40 kilometres southeast of Underworld’s Golden Saddle discovery, approximately 20 kilometres southeast of the CC property. Based on the knowledge and experience of one of the vendors of both placer and hard rock gold mineralization in the district, the company has staked an additional 66 claims (1,398) to be included in the property. The property is interpreted to be underlain by a coarse-grained leucocratic quartz monzonite to syenite, within the regional gneiss units. The claims are staked to cover the drainage basin of a silt sample taken by one of the vendors, which returned 70 parts per billion gold from a fine sieved fraction of the sample. This sample is interpreted to be strongly anomalous for gold.

Silver Quest is pleased to have acquired these strategically located and prospective properties in this emerging gold area. A summer 2009, exploration program will include geological mapping, geochemistry and trenching, directed at the definition of drill targets. Robert Weicker, PGeo, is the qualified person as defined by National Instrument 43-101 for these projects and has verified and supervised preparation of the scientific and technical information in this release.

The agreements are subject to regulatory acceptance and all securities issued pursuant to the agreements will be subject to a four-month hold period trading restriction from the date of issuance.

, , ,

No Comments

Hinterland Options Ballarat Property In White River Gold Play, Yukon

Hinterland Metals Inc. has signed an option agreement to acquire a 100-per-cent interest in the 12-claim Ballarat property located approximately 15 kilometres to the south of the Golden Saddle zone where Underworld Resources Inc. recently reported notable gold values in drill intersections. Under the terms of the option, Hinterland has agreed to pay the vendor $40,000 cash, issue 400,000 shares and complete $500,000 of exploration work scheduled over a three-year period to earn a 100-per-cent interest in the property subject to a 2-per-cent royalty on mineral production. Hinterland will have the option to purchase 1 per cent of the royalty for $1-million and will have the right of first refusal on the remaining 1 per cent. In addition, Hinterland has agreed to pay the vendor an advance royalty of $110,000 upon the completion of an NI 43-101-compliant report that defines measured or indicated gold resources of 110,000 ounces or more on the property. The transaction is subject to regulatory approval. All securities issued pursuant to the option agreement will be subject to a four-month hold period from the date of issue.

Hinterland Properties near Underworld White Gold

Hinterland Properties near Underworld's White Gold

The vendor has been active in the White River area as far back as 1980 when he was involved in placer mining. He first staked the 102 Near claims in 1990 that covered most of Underworld’s present Black Fox property. In 1996 he restaked the 12 Kit claims at the head of Ballarat Creek to cover a southeast-trending soil geochemical anomaly outlined in 1991 that showed maximum individual values of 811 parts per billion (0.8 gram per tonne) gold (Yukon Geology AFR 092982). Quartz boulders on the Kit claims were also reported to return values up to 0.925 ounce per ton gold. Subject to the option agreement, Hinterland has staked the adjacent 68 Tik claims to cover the projected southeastern extension of the geochemical anomaly. Assuming all the staked claims are accepted and recorded by the Yukon mining recorder, the Ballarat property will include 80 claims (1,661 hectares) covering the southeastern slopes of Thistle Mountain. Historical cumulative placer gold production from creeks draining Thistle Mountain, including Ballarat, Thistle, Kirkman, Sparkling and Barker, is reported to be 104,604 ounces in the period 1913 to 2006 (compiled from Yukon Placer Mining Industry volumes published by Indian and Northern Affairs Canada).

Mark Fekete, PGeo, is the designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the contents of this release. The analytical results stated above are historical in nature, have not been verified by Hinterland and are not considered reliable in the context of NI 43-101.

, , , , , ,

No Comments