May 11, 2022
Queensland Gold Hills Corp. (TSX.V:OZAU | OTCQB:MNNFF | FSE:MB3) (“Queensland Gold” or the “Company”) is pleased to provide an update on the inaugural drill campaign at our Big Hill property, located in the historic Talgai Goldfield of Queensland, Australia. Since drilling commenced on April 24th, 10 reverse circulation (“RC”) holes totaling 1175 metres have been completed and the first shipments of core samples were shipped to the analytical lab (ALS Global – Brisbane) for assaying late last week.
Queensland Gold Hills CEO and Director, Blair Way, commented: “As of today, we are just over halfway through our planned 2000-metre drill program on the Big Hill Gold Property. The drill is targeting the Queenslander workings to determine the source of the gold that was extracted by historic mining in the late 1800’s. The intention is to drill close to 2000 meter over approximately 20 holes in order to gain greater understanding of the feeders to these historic workings. With first assays in progress and the drill continuing to turn, we look forward to providing further updates over the coming weeks.”
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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