Vancouver, British Columbia–(Newsfile Corp. – April 20, 2022) – Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) (FSE: MB3) (“Queensland” or the “Company“) is delighted to announce that the Organization has secured a drill rig and crew for the impending, inaugural 2022 drill marketing campaign at our Major Hill home, situated in the historic Talgai Goldfield of Queensland, Australia. Durock Drilling Pty, Ltd. of New South Wales has been retained to total around 2,000 metres of reverse circulation drilling in 15 to 20 drill holes as directed by the Company’s technological workforce, with graduation expected this week.
Queensland Gold Hill CEO, Blair Way, commented, “Exploration groups and equipment are in superior need in this present ecosystem, and we are extremely pleased to have been able to safe Durock’s prime notch crew for our all-significant inaugural drill software. We could not be more enthusiastic to get started out with this next phase of our 2022 industry exploration software during which we will check the greatest priority targets determined through systematic info assessment and floor-truthing. This is a key phase forward in our attempts to apply contemporary exploration strategies to this historic and established district. We look forward to giving added updates and progress experiences as the season unfolds.”
About Major Hill
The Large Hill Gold House is made up of a single Exploration Allow masking 24 sq. kilometres and encloses two discrete granted mining leases. The allow addresses the historic mines of Significant Hill, Queenslander, Monte Cristo and Sultan & Taylor of the Talgai Goldfield. Talgai is a single of 8 historical Goldfields in the broader Warwick-Texas District, active in the late 19th century, which include Canal Creek, Thanes Creek, Leyburn, Palgrave, Pikedale, Blessed Valley and MacDonald Goldfields. These supported both of those alluvial and reef mining, with the Queenslander Mine distinguishing by itself as the initial lode gold mine in the condition of Queensland with a complete generation of 4.1Koz of gold at an regular grade of 50g/t with some early crushings noted up to 4000g/t. The bulk of output in the historic mines in the Warwick-Texas District occurred from preliminary discovery in 1864 right up until the early 1900s. Smaller-scale activity continued all through intermittent periods in the 20th century, with a lot of of the greater historic mines remaining below mining leases but with limited present day exploration to day.
About Queensland Gold Hills Corp.
Queensland Gold Hills is targeted on conducting modern systematic exploration in the historic goldfields of Queensland, Australia. Collectively, the Major Hill Gold Job and the Titan Challenge go over 110 square kilometers and host 54 significant-grade historical gold mines in the Talgai Goldfields of the broader Warwick-Texas District.
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This news launch has ahead-wanting statements and ahead-wanting information and facts (collectively, “forward-on the lookout statements”) in just the indicating of applicable Canadian legislation. Forward-looking statements are commonly identified by text this sort of as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “options”, “may possibly”, “need to”, “would”, “will”, “possible”, “scheduled” or variants of this sort of terms and phrases and equivalent expressions, which, by their nature, refer to future situations or results that could, could, would, may well or will occur or be taken or obtained. Appropriately, all statements in this information release that are not purely historical are ahead-searching statements and include statements concerning beliefs, designs, anticipations and orientations pertaining to the future together with, without limitation, any statements or programs regard the geological prospects of the Firm’s attributes and the potential exploration endeavors of the Organization. Despite the fact that the Organization thinks the anticipations expressed in such forward-on the lookout statements are based mostly on realistic assumptions, this kind of statements are not assures of future overall performance and precise results or developments could vary materially from individuals in the ahead-hunting statements. Ahead-wanting statements are centered on a amount of content variables and assumptions. Things that could induce precise success to vary materially from those in ahead-searching statements include things like failure to attain needed approvals, unsuccessful exploration final results, modifications in undertaking parameters as options keep on to be refined, benefits of potential source estimates, long run metal costs, availability of cash and financing on appropriate conditions, typical financial, industry or business conditions, challenges connected with regulatory alterations, defects in title, availability of personnel, materials and equipment on a well timed foundation, incidents or products breakdowns, uninsured hazards, delays in receiving government approvals, unanticipated environmental impacts on operations and prices to remedy very same. Viewers are cautioned that mineral exploration and growth of mines is an inherently dangerous small business and accordingly, the genuine gatherings may perhaps differ materially from those people projected in the forward-searching statements. Supplemental possibility variables are reviewed in the portion entitled “Chance Elements” in the Firm’s Management Dialogue and Examination for its not long ago finished fiscal period, which is readily available less than Firm’s SEDAR profile at www.sedar.com.
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