VAL D'OR, QUEBEC -- (Marketwire) -- 03/22/12 -- Hinterland Metals Inc. (TSX VENTURE: HMI) is pleased to provide an update of exploration activity on the 64-claim (2,731-hectare) Mozart property located approximately 60km northeast of Val-d'Or, Quebec. The property covers an under explored, 10km long segment of the Carpentier-Courville deformation corridor which is known for both shear hosted gold and volcanic massive sulphide-type deposits.
Late in December 2011, a total of 1,186m of NQ diameter drilling was done in seven holes on the property. The drilling encountered primarily intermediate tuff with interlayered siltstone with numerous layers of massive sulphide. Holes MZ11-01 to 05 encountered a relatively un-deformed quartz diorite intrusion. This rock unit was unexpected and has important implications with respect to gold mineralization. A number of gold-bearing intervals were intercepted on the upper and lower contacts of the quartz diorite and from individual quartz veins. The best intersection was found in hole MZ11-03 with 0.38 grams per tonne gold over 6.0 metres from 76.3 metres. This interval is marked by strong shearing, quartz-carbonate veining and breccia textures along the upper contact of the quartz diorite body. Assays are pending for a number of core samples submitted for multi-element analysis to determine if the massive sulphide lenses contain significant copper, zinc and silver. All gold-bearing intervals intersected by the drilling are listed as follows:
Hole Wt.Avg. Zone From (m) Length (m) (gpt Au) ------------------------------------------------------------ MZ11-01 HW 100.8 1.4 0.42 FW 120.2 6.0 0.13 MZ11-02 V1 34.0 3.9 0.28 V2 75.8 3.4 0.12 FW 62.8 5.0 0.27 MZ11-03 HW 76.3 6.0 0.38 MZ11-04 HW 54.0 9.2 0.26 FW 76.5 4.0 0.16 MZ11-05 HW 151.0 2.0 0.29 FW 137.0 5.4 0.25
Hinterland intends to continue exploration work with a detailed airborne magnetic and electromagnetic survey over the property in order to define and resolve numerous volcanic massive sulphide-type horizons as well as identify potential shear-type gold structures.
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. Also, Hinterland inserts blanks, standards and duplicates according to an independently designed and monitored QAQC program. 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.
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.
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.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here