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On the Edge of Discovery
Investment Highlights
• Plateau PGE Project
• Unprecedented discovery
• "Reef-type" mineralization
• Platinum over US$1250 per oz.
• Three New Uranium Projects
• "Euro & Tonka" in Otish Basin
• "Rebel & Yankee" in Thelon Basin
• "Hearne" in Seal River Basin
• Lockout Gold Project
• Beside Noront Windfall discovery
• Historical gold intersections
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Hinterland Metals Inc. is focused on precious metal and uranium exploration primarily in Quebec. The Company’s projects and hands on exploration
strategy offer excellent potential for increasing share holder value and liquidity through discovery. Hinterland’s key project is the Plateau PGE Project near Matagami, Quebec. Elsewhere in Quebec, the Company is also exploring the Lockout Gold Project and the Otish Uranium Project.
 Company Press Releases
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In November 2006 Hinterland announced the discovery of a new platinum and palladium ("PGE") zone by drilling on its Plateau PGE Project located 35km
southeast of Matagami Quebec. The zone occurs as a distinctive layer in drill hole EB06-05 and returned a weighted average of 1.9g/t PGE over 3.0m. The platinum to palladium ratio is 1:1.25.
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The Plateau property covers the whole central part of the Archean Bell River Complex. The central part is acknowledged in a recent Quebec government
publication as the most primitive, deepest level of the Complex and is identified as the most prospective area for reef-type PGE mineralization. To the
knowledge of Hinterland, the drill interval above is the first time that significant PGE mineralization has been intersected by drilling in the Complex. As such this is a very important, unprecedented discovery.
Follow-up drilling over a horizontal distance of 300m intersected a broad zone of significant PGE enrichment ranging from 6.7 to 31.1m wide. Weighted
averages vary from 0.10 to 1.07g/t PGE with maximum individual values up to 2.5g/t PGE. The zone is marked by coincident magnetic, induced polarization
and soil geochemical anomalies. A high-definition aero-magnetic survey completed in June 2006 traces the magnetic anomaly for 4.8km. Induced
polarization and soil geochemical surveys are currently underway. The combined data from these three surveys will provide more precise target selection for a drilling program that is expected to start September 2007.
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| Hinterland’s Uranium Portfolio |
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World energy demand is expected to double by 2050 and nuclear
power generation is increasing rapidly in response. Limited supplies of fossil fuels, concerns about greenhouse gases, and the limited
ability of solar, wind, biomass technologies and the capacity of nuclear energy to produce vast supplies of emission-free electricity make it more and
more favourable. More than 16 countries in the world fill greater than 20% of their energy needs with nuclear power. Many new reactors are in various stages of planning,
development and construction. Tight supplies due to limited exploration and development during the last 25 years has propelled the price to where it currently trades
at $US138 per lb U3O8 and it is forecast to trade over $US150 per lb in 2007. This has led to an exploration boom in Canada and other uranium producing nations.
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Hinterland has acquired a solid uranium portfolio in
under explored areas of Canada where there is the potential to host world-class unconformity-type
deposits similar to those found in Saskatchewan's productive Athabasca Basin. Hinterland holds the
"Euro" and "Tonka" properties in the Otish Basin north of Chibougamau, Quebec where recent drill
intersections up to 2.1% U3O8 over 12.4m by Strateco Resources Inc. have attracted the spotlight. The
Company also holds the "Yankee" and "Rebel" properties in the Northern Thelon Basin of Nunavut,
well known for the 131 million pounds of U3O8 already outlined in the "Kiggavik Trend". Hinterland also holds
the highly prospective "Hearne" property in the Seal River Basin near Churchill, Manitoba.
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Hinterland holds a 100% interest in the 52-claim (1,398ha) Lockout Property in the Barry-Urban Greenstone Belt approximately 100km east of Quevillon, Quebec. The gold potential of the Barry-Urban area is well known. Past exploration has identified numerous gold and base metal showings and three small, structurally related gold deposits (MRNQ, SIGEOM 31G04):
- Nubar, 610,000 t @ 6.8g/t Au
- Barry IV, 510,000 t @ 6.2g/t Au
- Lac Rouleau, 500,000 t @ 6.0g/t Au
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The property includes three blocks. The Panache Block is located 4km west of Noront Resources Ltd.'s Windfall Lake Project and Murgor Resources Inc.'s and Freewest Resources Canada Inc.'s Windfall JV Project. Both Noront and Murgor/Freewest are conducting advanced drilling programs on their respective properties. Panache covers an area where Freewest reported several gold intersections up to 4.2g/t Au in a number wide-spaced drill holes completed in 1996. Gold mineralization is related to quartz-porphyry dykes injected into a band of sediments within mafic volcanic rocks. The intersections are also spatially related to an area where the available ground geophysical data shows a displacement of the sediments either by a north-south fault or by folding.
Exploration in this area will consist initially of tight-spaced geophysical surveys, followed by trenching and diamond drilling. The Bettman and Goodenow blocks are located 2.5km west of Panache. These blocks overlie the margin of the Souart Stock similar to the adjacent Barry-Souart Property where Gold Hawk Resources Inc. obtained an intersection of 11.8g/t Au over 6.5m from the Bart Zone (Gold Hawk Press Release, March 4, 2004). The gold mineralization is related to quartz veining in zones of weak shearing, biotite-silica-sericite alteration and sulphide mineralization within dioritic and tonalitic rocks. Linecutting, magnetic and VLF electromagnetic surveys were done on these blocks in February and March 2005. Targets generated by this work will be evaluated with trenching followed by diamond drilling.
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Platinum and Palladium?
Platinum hit a record high of US$1390 per ounce on November 21,
2007. Currently platinum is trading at US$1278 per ounce. The price
of palladium has been steady in the US$300 to US$400 range over
the last twelve months and is currently trading at US$371. The
primary use of these metals is in catalytic converters that are used to reduce exhaust
emissions from automobiles. These metals are also used in the dental, electronics,
jewellery and petrochemical sectors. Platinum has traditionally been used in jewellery
more than palladium and has briskly traded as currency. However, this past year
witnessed an exponential increase in the use of palladium in the jewellery industry and
the metal is beginning to appear in the investment coin sector as well.
Platinum and palladium each have limited annual mine production of approximately 7.0
million ounces, which is a mere fraction of the approximate 100 million ounces of gold
produced yearly. They are usually mined together in less than a half-dozen regions
around the world. In specific applications these metals are virtually interchangeable and
the current price disparity between them practically guarantees that manufacturers will
begin substituting palladium for platinum in order to maintain production costs. This
changeover will lead to the price of these metals converging. However, limited supply in
combination with increasing demand for existing and new uses provides the basis for
long-term price appreciation of both these metals.
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Investor Relations:
Mr. Mark Fekete
President
Telephone: (819) 874-8182 or 1-877-874-8182
Fax: (819) 874-8183
Email: mark@hinterlandmetals.com
Corporate Office:
Hinterland Metals Inc.
680 Third Avenue, Suite 203, Val d'Or, Quebec, Canada J9P 1S5
Telephone: (819) 874-8182
Fax: (819) 874-8183
Email: info@hinterlandmetals.com
Web site: www.hinterlandmetals.com
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Hinterland Metals Inc. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Hinterland Metals Inc. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The forward-looking statements contained in this company profile are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its
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