April 27, 2022
Queensland Gold Hills Corp. (TSX.V:OZAU | OTCQB:MNNFF | FSE:MB3) (“Queensland Gold” or the “Company”) is pleased to announce that the Company has mobilized the drill rig and collared the first hole for the inaugural drill campaign at our Big Hill property, located in the historic Talgai Goldfield of Queensland, Australia. The rig arrived at site on April 23rd and the team commenced drilling on the first hole the next day.
The launch of Queensland Gold’s initial field exploration program was announced on March 1st when the Company initiated the first phase designed to verify the locations of historical drill collars, adits, and open-cut locations as well as to complete property-wide prospecting, rock sampling, soil sampling, and channel cutting in outcrops, historic workings, adits and other areas of interest for drill target identification. This work continues in parallel with Phase 2 which will consist of 2,000 meters or approximately 20 holes by way of reverse circulation (“RC”) drilling at high priority targets.
Queensland Gold Hills CEO and Director, Blair Way, commented: “All aspects of our 2022 exploration campaign is proceeding well and our team has overcome a number of challenges to commence this drill program. It is very exciting to have this 2000 metre drill program on the Big Hill Gold Property underway and to be the first to apply modern exploration technology to these historic gold workings. I look forward to proving further updates throughout the program.”
About Big Hill
The Big Hill Gold Property consists of a single Exploration Permit covering 24 square kilometres and encloses two discrete granted mining leases. The permit covers the historic mines of Big Hill, Queenslander, Monte Cristo and Sultan & Taylor of the Talgai Goldfield. Talgai is one of eight historical Goldfields in the broader Warwick-Texas District, active in the late 19th century, which include Canal Creek, Thanes Creek, Leyburn, Palgrave, Pikedale, Lucky Valley and MacDonald Goldfields. These supported both alluvial and reef mining, with the Queenslander Mine distinguishing itself as the first lode gold mine in the state of Queensland with a total production of 4.1Koz of gold at an average grade of 50g/t with some early crushings reported up to 4000g/t. The bulk of production in the historical mines in the Warwick-Texas District occurred from initial discovery in 1864 until the early 1900s. Small-scale activity continued during intermittent periods in the 20th century, with many of the larger historic mine
About Queensland Gold Hills Corp.
Queensland Gold Hills is focused on conducBng modern systemaBc exploraBon in the historic goldfields of Queensland, Australia. CollecBvely, the Big Hill Gold Project and the Titan Project cover 54 historic mines in the Talgai Goldfields of the broader Warwick-Texas District.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Blair Way, Chief Executive Officer & Director
Telephone: 1 (800) 482-7560
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Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Property or the future exploration endeavors of Queensland Gold Hills. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, but are not limited to, the risk that the Proposed Transaction, the Offering and resulting name change may not be completed as set out herein or at all, and the inability of the Company to execute and raise funds necessary to complete its planned future activities and proposed business plans.
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