# Heritage Mining Ltd. Announces New Land Position in Western Wabigoon
Heritage Mining Ltd. has recently acquired a new land position within the Western Wabigoon totaling approximately 6,397 Ha through asset acquisition agreements with PTX Metals Inc. and Shear Gold Exploration Corp. The newly formed Scattergood project is expected to bring new exploration opportunities to the company.
## Scattergood Project Overview
The Scattergood Project, located along the strike of Dynasty Gold’s Thundercloud – Pelham Deposit, offers a highly prospective and significant land position for exploration. With numerous intrusives and mineralized contacts in volcanic host rock, the project presents discovery potential for gold, copper, nickel, zinc, and PGE. Access to the project area is facilitated by paved highways and logging roads, making it an attractive target for exploration.
### Additional Insight:
The strategic location of the Scattergood project within the Eagle-Wabigoon-Manitou-Stormy Lakes greenstone belt provides Heritage Mining Ltd. with access to notable neighbors in the mining industry, such as Dynasty Gold, Dryden Gold, and Kenorland Minerals. This proximity enables the company to leverage its aggressive exploration programs and experienced technical team to maximize the potential of the newly acquired land packages.
## Exploration Plans for 2024
The planned 2024 exploration program for the Scattergood project includes a comprehensive approach, such as compilation and digitization of historical work, 3D geological modeling, geophysical interpretation, structural analysis, prospecting, soil sampling, identifying drill targets, and subsequent drilling activities. These initiatives aim to advance the project to a drill-ready status in a systematic manner.
## Corporate Update
In addition to the acquisition of the Scattergood project, Heritage Mining Ltd. has agreed to issue common shares to satisfy certain contractual obligations and has signed an agreement with VHLA Media for digital content, marketing, and media distribution services. These strategic moves reflect the company’s commitment to enhancing its presence and visibility within the mining industry.
## Asset Purchase Agreements
The asset purchase agreements with Shear Gold and PTX Metals entail the issuance of common shares over an 18-month period, accompanied by the grant of a Net Smelter Royalty for the respective land holdings. These agreements solidify Heritage Mining Ltd.’s position in Northwestern Ontario and bolster the company’s exploration portfolio in the region.
## Qualified Person
Mitch Lavery P. Geo, serving as the Strategic Advisor for Heritage Mining Ltd., acts as the qualified person overseeing the scientific and technical aspects of the company’s exploration projects. His expertise ensures adherence to the standards set by National Instrument 43-101 for disclosure of mineral projects.
### Additional Insight:
The involvement of a qualified person like Mitch Lavery adds credibility to Heritage Mining Ltd.’s exploration efforts and underscores the company’s commitment to maintaining transparency and compliance with industry regulations.
## Conclusion
Heritage Mining Ltd.’s consolidation of the Scattergood project and its exploration plans for 2024 signify a significant step towards expanding its presence in Northwestern Ontario’s mineral-rich landscape. With a strong focus on systematic exploration and strategic partnerships, the company is well-positioned to capitalize on the region’s mineral potential and contribute to the growth of the mining industry.
