Hinterland Receives $40,000 Grant Under the New Brunswick Junior Mining Assistance Program
09 Juin 2014 - 6:42PM
Marketwired
Hinterland Receives $40,000 Grant Under the New Brunswick Junior
Mining Assistance Program
VAL D'OR, QUEBEC--(Marketwired - Jun 9, 2014) - Hinterland
Metals Inc. (TSX-VENTURE:HMI) is pleased to announce that it has
been approved for $40,000 of grants under New Brunswick Junior
Mining Assistance Program ("NBJMAP"). The NBJMAP is a financial
assistance program designed for junior mining companies that
provides incentive contributions based on 50% of eligible
exploration costs up to $100,000 per project annually. It is
intended to increase the probability of finding economically viable
mineral resources in New Brunswick.
The NBJMAP funds will be spent on the newly acquired McIntyre
($20,000) and Williams Brook ($20,000) properties located
approximately 85 kilometres west of Bathurst, New Brunswick. Both
properties are underlain by northeast trending mafic to felsic
volcanics rocks and sediments within the Matapedia Basin just west
of the contact with the Miramichi Terrane. The properties are
adjacent to the regional scale Rocky Brook-Millstream and McIntyre
faults.
In response to the tough equity markets, Hinterland has been
concentrating its exploration efforts in areas with low operating
costs. Northwestern New Brunswick offers a relatively inexpensive
jurisdiction for exploration due to its well-developed network of
logging roads, proximity to towns and villages, and local
availability of trained exploration personnel and contractors.
Historically exploration in northern New Brunswick has been
primarily in and around the Bathurst base metal camp. The area of
the properties has not been found prospective for base metals and
has been largely ignored by the resident exploration community.
Recent gold discoveries by local prospectors indicate that this
area may be more prospective for gold mineralization than
previously thought.
Prior work at McIntyre and Williams Brook has located a number
of gold showings in float and outcrop, gold-in-soil geochemical
anomalies and geophysical anomalies. Hinterland has commenced
exploration on both properties with soil geochemical, prospecting
and rock sampling surveys. The goal of the work will be to confirm
the results of previous work and to generate new drill targets.
"In these tough equity markets we are very grateful for the
support provided by the New Brunswick Junior Mining Assistance
Program. This money will go a long way towards generating drill
targets at McIntyre and Williams Brook," commented Mark Fekete,
President and CEO.
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. 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 29,894,614
Hinterland Metals Inc.Mark FeketePresident819
354-5244info@hinterlandmetals.comwww.hinterlandmetals.com
Hinterland Metals Inc. (TSXV:HMI)
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