Trading Symbols:
TSX Venture Exchange: MHI
Frankfurt: MLN/WKN: A1JKJN
OTC Market (US) Pink Sheets: MHIFF
VANCOUVER, BC, Nov. 26, 2021 /CNW/ - Mineral Hill
Industries Ltd. ("Mineral Hill" or
"Company") listed on the TSX Venture exchange
("TSXV") under the trading symbol "MHI" and on the Deutsche
Boerse, Frankfurt under the
trading symbol "MLN" wishes to announce that the TSX Venture
Exchange has accepted for filing the Earn-In-Option Agreement dated
December 22, 2020 between the Company
and Cardinal Geoconsulting Ltd. ("Cardinal-Ltd."), whereby the
Company may acquire up to 100% interest in the mineral claims
DOT-Apex claim group ("Apex-Claims") and Master-ACE claim group
("ACE-Claims") located in south-western British Columbia by making cash payments of
$50,000 ($10,000 for the first year), the issuance of
500,000 shares (100,000 in the first year) and incurring
$347,028 exploration expenditures
($84,728 in the first year) over
three years, subject to 2% NSR on the commencement of commercial
production.
The Company has completed its first stage commitments to
Cardinal-Ltd. for the acquisition of the Apex-Claims. Due to the
general laboratory workload Mineral Hill is still waiting to
receive the rock assays and soil chemical results from its
submitted samples.
The geological surveys and the rock sampling program including
exploration camp related logistics and helicopter mobilization were
under the direction and supervision of Dan
Cardinal, P. Geo..
Mr. Cardinal confirmed that handling of all collected samples
including its shipment to the analytical laboratory was conducted
under the strict guidelines set out in the NI-43-101 protocols.
ABOUT MINERAL HILL INDUSTRIES LTD
Mineral Hill is a publicly trading junior mining company focused
on the acquisition, exploration, development and possible mining of
natural resources, with the presently primary objective of
developing the Dot-Apex Claim Group ("Apex Claims") and the
Master-ACE Claim Group ("ACE Claims"), located in
south-western British Columbia. The Apex Claims consist of
contiguous claim cells totalling 2,406.13 hectares and the ACE
Claims totalling 695.09 hectares.
The Company seeks Safe Harbour
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. There is no assurance the property option referred to
above will be exercised or the private placement referred to above
will close on the terms as stated, or at all. The Company disclaims
any intention or obligation to revise or update such
statements.
SOURCE Mineral Hill Industries Ltd.