Vancouver, British Columbia–(August 19, 2024) – Goldhills Holding Ltd. (TSXV:GHL) (OTCQB: GODZF) (“Goldhills” or the “Company”) has submitted an application for a Notice of Work (NOW) permit with the Ministry of Mining to conduct 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. Upon receiving the drilling permit, the company plans to test 4 drill sites with approximately 2800 meters of drilling.
In addition, Goldhills Holding Ltd. has expanded its exploration area by acquiring two more mineral claims (1114307 and 1114308) that are 100% owned by the company in the Omineca Mining Division in British Columbia. The company staked these claims on July 7, 2024, increasing the Lennac Lake Project’s total area to 3476 hectares.
Preliminary field work has also commenced in the south and east zones of the property to expand the exploration area for silver and molybdenum deposits. A total of 324 tree bark samples were collected for lab analysis, providing valuable data for potential drilling in the near future. Results from the biogeochemical tree bark survey are anticipated in Q3, and the company may conduct further surveys based on positive results.
The Lennac Lake Project, located in central British Columbia, has a history of exploration dating back to 1971, with significant potential for discovering porphyry and related mineralization. The West Zone is the main target, with previous drill holes in 2012 confirming porphyry copper ± molybdenum mineralization. Airborne magnetic data and ground IP surveys will guide future drill programs to explore potential mineral zones.
Jeremy Hanson, a Certified Professional Geologist and ‘Qualified Person’ for the purposes of Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Properties, has reviewed and approved the information in this news release. For more information, please visit the company’s official website.
This news release contains forward-looking information, subject to risks and uncertainties that could impact actual events or results. The Company undertakes no obligation to update forward-looking information based on changing circumstances. Additional information about potential risks and uncertainties is available in the Company’s filings with Canadian securities regulators.
SOURCE: GoldHills Holdings Ltd.
