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Goldhills Holding Ltd Files Drilling Permit for Copper Deposit and Expands Exploration Claim at Lennac Lake

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Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) has filed a drilling permit for its Lennac Lake Property in British Columbia, targeting copper deposits in the West Zone. The company plans to conduct 2800 meters of drilling across 4 sites upon permit approval. Additionally, Goldhills has expanded its exploration area by 1176.99 hectares, bringing the total to 3476 hectares.

Preliminary fieldwork has begun in the south and east zones, focusing on silver and molybdenum deposits. 324 tree bark samples were collected for analysis, with results expected in Q3. The Lennac Lake Project, located in central British Columbia, has a history of exploration dating back to 1971 and shows potential for porphyry and related mineralization discovery.

Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) ha presentato una richiesta per un permesso di perforazione per il suo Proprietà di Lennac Lake nella Columbia Britannica, mirando a depositi di rame nella Zona Ovest. L'azienda prevede di condurre 2800 metri di perforazione in 4 siti una volta approvato il permesso. Inoltre, Goldhills ha espanso la propria area di esplorazione di 1176,99 ettari, portando il totale a 3476 ettari.

I lavori preliminari sul campo sono iniziati nelle zone sud ed est, concentrandosi su depositi di argento e molibdeno. Sono stati prelevati 324 campioni di corteccia di albero per l'analisi, con risultati attesi nel terzo trimestre. Il Progetto Lennac Lake, situato nella parte centrale della Columbia Britannica, ha una storia di esplorazione risalente al 1971 e mostra potenziale per la scoperta di mineralizzazioni porfiriche e correlate.

Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) ha presentado un permiso de perforación para su Propiedad de Lennac Lake en Columbia Británica, enfocándose en depósitos de cobre en la Zona Oeste. La empresa planea realizar 2800 metros de perforación en 4 sitios una vez que se apruebe el permiso. Además, Goldhills ha ampliado su área de exploración en 1176,99 hectáreas, llevando el total a 3476 hectáreas.

Los trabajos de campo preliminares han comenzado en las zonas sur y este, centrados en depósitos de plata y molibdeno. Se recogieron 324 muestras de corteza de árbol para análisis, con resultados esperados en el tercer trimestre. El Proyecto Lennac Lake, ubicado en el centro de Columbia Británica, tiene una historia de exploración que se remonta a 1971 y muestra potencial para el descubrimiento de mineralización porfirítica y relacionada.

Goldhills Holding (TSXV:GHL) (OTCQB: GODZF)는 브리티시컬럼비아의 레낙 호수 소유지를 위해 구리 매장량을 목표로 하는 시추 허가를 신청했습니다. 회사는 허가가 승인되면 4개 사이트에서 2800미터의 시추 작업을 진행할 계획입니다. 또한 Goldhills는 1176.99헥타르만큼 탐사 지역을 확장했으며, 총 면적은 3476헥타르에 이릅니다.

남쪽 및 동쪽 지역에서 기초 현장 작업이 시작되었으며, 은과 몰리브덴 매장량에 초점을 맞추고 있습니다. 324개의 나무껍질 샘플이 분석을 위해 수집되었으며, 결과는 3분기에 나올 것으로 예상됩니다. 레낙 호수 프로젝트는 중앙 브리티시컬럼비아에 위치하고 있으며, 1971년으로 거슬러 올라가는 탐사 역사를 가지고 있으며, 포르피리 및 관련 광물화 발견 가능성을 보여줍니다.

Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) a déposé une demande de permis de forage pour sa Propriété de Lennac Lake en Colombie-Britannique, ciblant des dépôts de cuivre dans la Zone Ouest. L'entreprise prévoit de réaliser 2800 mètres de forage sur 4 sites après approbation du permis. De plus, Goldhills a élargi sa zone d'exploration de 1176,99 hectares, portant le total à 3476 hectares.

Les travaux préliminaires de terrain ont commencé dans les zones sud et est, en se concentrant sur les dépôts d'argent et de molybdène. 324 échantillons d'écorce d'arbre ont été collectés pour analyse, avec des résultats attendus au troisième trimestre. Le Projet Lennac Lake, situé au centre de la Colombie-Britannique, a une histoire d'exploration remontant à 1971 et montre un potentiel pour la découverte de minéralisations porphyriques et connexes.

Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) hat einen Bohrgenehmigungsantrag für seine Lennac Lake-Immobilie in British Columbia eingereicht und zielt auf Kupfervorkommen in der Westzone ab. Das Unternehmen plant, 2800 Meter Bohrungen an 4 Standorten nach Genehmigung des Genehmigungsantrags durchzuführen. Darüber hinaus hat Goldhills seine Erkundungsfläche um 1176,99 Hektar erweitert, was die Gesamtfläche auf 3476 Hektar bringt.

Die ersten Feldarbeiten haben in den südlichen und östlichen Zonen begonnen, wobei der Schwerpunkt auf Silber- und Molybdänvorkommen liegt. 324 Baumrinde-Proben wurden zur Analyse gesammelt, deren Ergebnisse im dritten Quartal erwartet werden. Das Lennac Lake-Projekt, das im Zentrum von British Columbia liegt, hat eine Geschichte der Erkundung, die bis ins Jahr 1971 zurückreicht, und zeigt Potenzial für die Entdeckung von porphyrischen und verwandten Mineralisierungen.

Positive
  • Applied for drilling permit to confirm copper presence in the West Zone
  • Expanded exploration area by 1176.99 hectares, totaling 3476 hectares
  • Conducted preliminary fieldwork for silver and molybdenum deposits in south and east zones
  • Collected 324 tree bark samples for analysis to guide future exploration
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - Goldhills Holding Ltd. (TSXV:GHL) (OTCQB: GODZF) ("Goldhills" or the "Company") is pleased to announce that it has applied for NOW Notice of Work permit with Ministry of Mining to allow for diamond drilling in the West Zone of its Lennac Lake Property to confirm the presence of copper in the historic Babine Copper - Moly Porphyry district. The company will test 4 drill sites with approximately 2800 meters of drilling upon receipt of drilling permit.

The company has also increased the exploration area by the addition of two more mineral claims (1114307 and 1114308) that are 100% owned by Goldhills Holding Ltd., comprised in the Omineca Mining Division in British Columbia. On July 7 2024, the Company staked 2 additional claims expanding the Lennac Lake Project by 1176.99 hectares for a total area of 3476 hectares.

The company also began preliminary field work in the south and east zones to expand the exploration area for silver and molybdenum deposits. Three hundred twenty four tree bark samples were taken for lab analysis. This will allow for more data for potential drilling in south and east zone in the near future. The biogeochemical tree bark survey expanded on a previous survey and covered a developing IP chargeability anomaly to the south and east of the property. Results are expected in Q3 and the company may follow up positive results with additional surveys.

The Lennac Lake Project is located in the central British Columbia. The property has a history of exploration dating back to 1971 and is an early exploration project with substantial potential for discovery of further porphyry and related mineralization. The main target, and most developed prospect is the West Zone. Two drill holes in 2012 confirmed porphyry copper ± molybdenum mineralization hosted in potassic altered porphyritic intrusive rocks to depths greater than 300 metres and remains open. Previous diamond and RC drill programs have worked to constrain the lateral extent of mineralization and alteration. Airborne magnetic data, as well as ground IP provide adequate geophysical data to guide future drill programs by correlating potential mineralized zones to chargeability and magnetic parameters. A higher grade Cu±Mo core or feeder zone could be located at depth or within the volume of rock between the 2012 drill holes. For a comprehensive report on the Lennac Lake Project see the June 2024 43-101 Technical Report. (https://www.sedarplus.ca/csa-party/records/document.html?id=442e9c2e0c86bd4512f0cbe751b738080cfa7ec47c2e1d7ad29eec6b2f59dd8c)

Jeremy Hanson P.Geo is a Certified Professional Geologist and 'Qualified Person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

Goldhills Holding Ltd.

https://goldhills.co/
Steven Sangha
Director
Phone: 7782286872

Neither 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.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220276

FAQ

What is Goldhills Holding 's stock symbol on the OTCQB?

Goldhills Holding 's stock symbol on the OTCQB is GODZF.

How many meters of drilling does Goldhills plan to conduct at the Lennac Lake Property?

Goldhills plans to conduct approximately 2800 meters of drilling across 4 sites at the Lennac Lake Property.

By how many hectares did Goldhills expand its exploration area at Lennac Lake?

Goldhills expanded its exploration area at Lennac Lake by 1176.99 hectares, bringing the total area to 3476 hectares.

What type of samples did Goldhills collect during preliminary fieldwork at Lennac Lake?

Goldhills collected 324 tree bark samples during preliminary fieldwork at Lennac Lake for lab analysis.

GOLDHILLS HLDG LTD

OTC:GODZF

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