VAL D'OR, QUEBEC -- (Marketwire) -- 05/17/12 -- Hinterland Metals Inc. (TSX VENTURE: HMI) announces the results of a drill program completed in March 2012 on the Lac Fecteau property located 120 kilometres southwest of Chibougamau, Quebec. The property is in the Barry-Urban Greenstone Belt approximately 20km east of Eagle Hill's Windfall Lake Project and 30km northeast of Metanor Resources' Barry open pit gold mine. A total of 1,248m of NQ diameter drilling was done in eight holes to test a number of resistivity/chargeability anomalies found in the nose of an east to southeast plunging fold. All gold-bearing intervals intersected by the drilling are listed as follows:
Wt.Avg. Hole Zone From (m) Length (m) (gpt Au) ---------------------------------------------------------------------------- LF12-01 Contact 92.3 1.0 0.29 LF12-02 Contact 80.5 3.0 0.68 LF12-03 Contact 70.5 2.4 0.77 Sericite alteration 76.0 1.0 0.39 LF12-04 Sericite alteration 74.8 5.0 0.31 LF12-07 Carbonate alteration 49.3 1.0 0.22
The gold-bearing intervals are generally located in strong carbonate alteration zones adjacent to contacts between fine-grained mafic tuff and intermediate crystal to lapilli tuff, in highly magnetic zones of disseminated pyrrhotite mineralization in narrow siltstone layers inter-bedded with the mafic tuff, or in zones of pervasive sericite alteration.
Due to bad ground conditions caused by unusually warm weather in March, the drill program was cut short and a number of targets were not drilled. Hinterland currently has a crew on the Fecteau property that will complete a trenching and sampling program to test the targets that were not drilled.
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.
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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 24,594,614
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.
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