Hinterland Stakes TM Property in White Gold Area of Yukon
VAL D'OR, QUEBEC, Feb 22, 2011 (Marketwire via COMTEX News Network) --
Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has acquired a new property in the White Gold district of Yukon by staking 31 claims (642ha) on the northwest side of Thistle Mountain approximately 100km south of Dawson City. The claims are adjacent to the south boundary of Kinross's White Gold property and occupy the height of land between Kirkman and Blueberry Creeks, both of which have active seasonal placer gold operations. No previous exploration work is documented within the area of the new claims. Hinterland now holds 100% of five properties in the White Gold area covering approximately 6,564 hectares. The TM property will be included in the assets to be spun out to Stakeholder Gold Corp. by a plan of arrangement described in a press release issued by Hinterland on February 1, 2011.
"The TM property is not very large compared to most properties in the White River district but it is well positioned and sometimes valuable things come in small packages," states Mark Fekete, P.Geo., President, CEO and the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the technical content of this release.