Goldhills Holding Ltd Files Drilling Permit FOR Copper Deposit and Expands Exploration Claim at Lennac Lake
GOLDHILLS HOLDING LTD FILES DRILLING PERMIT FOR COPPER DEPOSIT AND EXPANDS
EXPLORATION CLAIM AT LENNAC LAKE
Vancouver, BC/ August 19 , 2024 Goldhills Holding Ltd. (TSX-V:GHL OTCQB: GODZF. GRYA:
Frankfurt )(“Goldhills” or the "Company") is pleased to announce that it has applied for NOW Notice of
Work permit with Ministry of Mining to allow for diamond drilling in the West Zone of its Lennac Lake
Property to confirm the presence of copper in the historic Babine Copper – Moly Porphyry district .
The company will test 4 drill sites with approximately 2800 meters of drilling upon receipt of
drilling permit.
The company has also increased the exploration area by the addition of two more mineral claims
(1114307 and 1114308) that are 100% owned by Goldhills Holding Ltd. , compris ed in the Omineca
Mining Division in British Columbia. On July 7 2024, the Company staked 2 additional claims expanding
the Lennac Lake Project by 1176.99 hectares for a total area of 3476 hectares.
The company also began preliminary field work in the south and east zones to expand the exploration
area for silver and molybdenum deposits. Three hundred twenty four tree bark samples were taken for
lab analysis. This will allow for more data for potential drilling in south and east zone in the near future.
The biogeochemical tree bark survey expanded on a previous survey and covered a developing IP
chargeability anomaly to the south and east of the property. Results are expected in Q3 and the company
may follow up positive results with additional surveys.
The Lennac Lake Project is located in the central British Columbia. The property has a history of
exploration dating back to 1971 and is an early exploration project with substantial potential for discovery
of further porphyry and related mineralization. The main target, and most developed prospect is the West
Zone. Two drill holes in 2012 confirmed porphyry copper ± molybdenum mineralization hosted in potassic
altered porphyritic intrusive rocks to depths greater than 300 metres and remains open. Previous
diamond and RC drill programs have worked to constrain the lateral extent of mineralization and
alteration. Airborne magnetic data, as well as ground IP provide adequ ate geophysical data to guide
future drill programs by correlating potential mineralized zones to chargeability and magnetic parameters.
A higher grade Cu±Mo core or feeder zone could be located at depth or within the volume of rock between
the 2012 drill holes. For a comprehensive report on the Lennac Lake Project see the June 2024 43-101
Technical Report . (https://www.sedarplus.ca/csa-
party/records/document.html?id=442e9c2e0c86bd4512f0cbe751b738080cfa7ec47c2e1d7ad29eec6b2f59dd8c)
Jeremy Hanson P.Geo is a Certified Professional Geologist and ‘Qualified Person’ for the purposes of
Canada’s National Instrument 43 -101 Standards of Disclosure for Mineral Properties, has verified and
approved the information contained in this news release.
Goldhills Holding Ltd.
Steven Sangha
Director
Phone: 7782286872
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward -looking information” within the
meaning of applicable securities law. Forward -looking information is frequently characterized by words such as
“plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that
certain events or conditions “may” or “will” occur. Forward -looking statements are based on the opinions and
estimates at the date the statements are made, and are su bject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those anticipated in the forward -looking
statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-
V. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.
There are no assurances that the business plans for the Company as described in this news release will come into
effect on the terms or time frame described herein. The Company undertakes no obligation to update forward -
looking information if circumstances or management’s estimates or opinions should change except as required by
law. The reader is cautioned n ot to place undue reliance on forward -looking statements. Additional information
identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with
Canadian securities regulators, which are available at www.sedar.com.