March 1, 2022
Queensland Gold Hills Corp. (TSX.V: OZAU | FSE: MB3) (“Queensland” or the “Company”) is pleased to announce that the Company’s first field exploration campaign is now underway at the Big Hill Gold and Titan Gold projects located in Queensland, Australia. This initial program will consist of two overlapping stages, with Phase 1 involving surface work for drill target identification and Phase 2 consisting of drilling at high priority targets
The Phase I surface field program was 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. In preparation for the full launch of exploration activities, the Company conducted preliminary field work to determine key areas of interest in the Big Hill Gold and Titan Gold projects. Rock and soil samples from this initial work has been sent for lab analysis in Brisbane, with the results expected to provide further target refinement. The Company’s technical and leadership teams recently conducted site visits to further evaluate exploration opportunities and fine-tune program details. With numerous historical mines to assess, the Company will use such data to prioritize future drilling at the Big Hill, Monte Cristo, Queenslander and Victoria workings currently under evaluation for Phase 2 of the 2022 campaign.
Blair Way, Company CEO and Director comments: “We are thrilled to be getting our exploration teams on the ground for exploration and drilling at these exciting projects in a top mining jurisdiction like Queensland. In the last three months, we completed the initial acquisition, secured a 95% interest, financed the Company and quintupled our land position in an iconic district that hosts over 50 high-grade historic gold mines. To now be launching the Company’s inaugural field programs is a testament to the team’s hard work and dedication, which we expect will be to the benefit of our shareholders. Big Hill and Titan are extremely target-rich environments and our methodical planning will enable us to prioritize the exploration activities. Details of the Phase 2 drill program are nearing completion and I look forward to providing specifics, along with additional updates, over the coming weeks and months.”
About Queensland Gold Hills Corp.
Queensland Gold Hills is focused on gold exploration in the historic goldfields of Queensland, Australia. The Big Hill Gold Project covers the historic mines of Big Hill, Queenslander, Monte Cristo and Sultan & Taylor of the Talgai Goldfields. This is one of eight historical Goldfields in the broader Warwick-Texas District. The Company will be conducting modern exploration in these historic gold fields.
D. Blair Way, FAusIMM, a director of the Company and a Qualified Person under the definition of National Instrument 43-101 supervised the preparation of the technical information in this news release.
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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