Heritage Mining
Heritage Mining is a Canadian public junior gold and base metal exploration company focused on district-scale projects in Ontario's proven mining belts, targeting institutional and retail mining investors through its CSE and Frankfurt listings.
- Company typePublic
- Founded2022
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Heritage Mining does
Heritage Mining Ltd. is a Canadian public junior mineral exploration company focused on gold and base metal exploration in Ontario, Canada. Founded in 2020 and IPO'd in 2022, the company is listed on the Canadian Securities Exchange (CSE:HML) and the Boerse Frankfurt Exchange (FRA:Y66), with a registered office in Vancouver, BC and operational focus in northwestern and northeastern Ontario. The portfolio centers on the flagship district-scale Drayton-Black Lake project (~15,256 hectares) in the Eagle-Wabigoon-Manitou Greenstone Belt, the Melba Property (~3,886 hectares) in the Kirkland Lake Gold District, the wholly-owned Contact Bay copper-nickel-PGE project near Dryden, and the Scattergood Project (~6,397 hectares) consolidated in late 2025.
The company's exploration methodology combines conventional techniques — diamond drilling, geological mapping, channel and grab sampling, and airborne EM/MAG geophysical surveys — with Spatiotemporal Geochemical Hydrocarbon (SGH) soil surveys and integrated geological/geophysical modelling through a partnership with Mira Geoscience. Heritage has compiled over 100 years of historical exploration data covering the Drayton-Black Lake project (176 historic drill holes totaling ~20 km of drilling), now structured into a GIS database that the company leverages for systematic target generation across more than ten drill-ready zones. Drilling in 2026 returned multiple high-grade gold intercepts at Melba (up to 42.57 g/t Au) with visible gold confirmed, and a ~74m-wide quartz vein system traced approximately 4 km along strike at Zone 3 Extension.
Heritage Mining generates value through exploration success rather than product sales. As a pre-revenue junior, the company raises capital through private placements (C$5M+ cumulative since 2023), flow-through share issuances, and non-dilutive grants including the Ontario Junior Exploration Program (C$200,000 in both 2024 and 2025). Go-to-market is investor-relations led, with engagements spanning Investor Cubed Inc., Altitude Capital Consultants, MI3, and analyst coverage from Couloir Capital. The customer base comprises institutional and retail mining investors on both North American and European exchanges. Monetization of any discovery would ultimately occur through project sale to a major, joint venture, or production. The lean team of 1–10 employees is led by CEO Peter Schloo (CPA, CA, CFA) with a board and management group that collectively brings 100+ years of mining industry experience, including Chair Patrick Mohan's involvement in the C$585 million sale of Trelawney Mining & Exploration to IAMGOLD in 2012.
Heritage Mining firmographics
Firmographics- Name
- Heritage Mining
- Legal name
- Heritage Mining Ltd.
- Website
- https://heritagemining.ca
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Heritage Mining is a Canadian public junior gold and base metal exploration company focused on district-scale projects in Ontario's proven mining belts, targeting institutional and retail mining investors through its CSE and Frankfurt listings.
- Ownership category
- akta.pro rank
Heritage Mining industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Heritage Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Heritage Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Supply Chain, Infrastructure, Technology or R&D
Revenue model
- Mineral Exploration and Project Development: As a pre-revenue junior exploration company, Heritage Mining generates value through systematic exploration of gold and base metal properties with the goal of discovering mineral resources. Revenue would ultimately come from either selling projects to major mining companies or developing deposits through joint ventures or production agreements.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
Heritage Mining product offering
Product offeringCore offering
Heritage Mining Ltd. is a public junior mineral exploration company that systematically explores for gold and base metal deposits across a portfolio of district-scale properties in Ontario, Canada. The company conducts diamond drilling, geophysical surveys, geological mapping, and soil sampling on its flagship Drayton-Black Lake project (~15,256Ha), Melba Property, Contact Bay project, and Scattergood project, with the goal of discovering and delineating mineral resources.
Product overview
Heritage Mining Ltd. is a public junior exploration company with a portfolio of gold and base metal exploration projects in Ontario, Canada. The company operates primarily through its flagship Drayton-Black Lake project (~15,256Ha in northwestern Ontario) and has expanded into northeastern Ontario through the Melba Property acquisition. Additional projects include the wholly-owned Contact Bay project (copper-nickel-PGE) and the Scattergood project. The company's exploration activities are focused on systematic drilling programs, geophysical surveys, and surface sampling to define mineral resources across multiple target areas.
Differentiator
Problem solved
Functional benefit
Products and services
- Drayton-Black Lake Project Flagship district-scale gold and base metal exploration project spanning ~15,256Ha in northwestern Ontario within the Eagle-Wabigoon-Manitou Greenstone Belt, featuring over 20 base and precious metal prospects and 10 drill-ready target zones including Moretti, Split Lake, Alcona, Alkenore, Drayton, McCombe, and Forster areas.
- Melba Property Gold exploration project located ~22km northeast of Kirkland Lake and 90km southeast of Timmins in northeastern Ontario, covering ~3,886Ha with historical high-grade gold mineralization and multiple visible gold occurrences. Recent drilling has returned high-grade intercepts up to 42.57g/t Au, 22.0g/t Au, and 21.74g/t Au.
- Contact Bay Project Wholly-owned copper, nickel, and platinum group element (PGE) exploration project located 12km south-southwest of Dryden, Ontario, featuring historical high-grade grab samples up to 6.5% Cu and 3.5% Ni.
- Scattergood Project Gold exploration project consolidated through asset acquisitions covering ~6,397Ha along strike with Dynasty Gold's Thunder Cloud Pelham Deposit in the Western Wabigoon area.
Quantifiable outcome
- Multiple high-grade gold intercepts up to 42.57g/t Au at Melba Project from recent drilling
- +2 more outcomes
Companies that use Heritage Mining
Customer profileSegments1 record
Ideal customer profiles1 record
Heritage Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Heritage Mining partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Advanced Gold Exploration Inc.coreAsset purchase agreement to acquire 75% interest in the Melba Mine, a former past producer from the early-mid 1900s. This formalized Heritage's entrance into the Kirkland Lake Gold District. The Melba Project is located ~22km northeast from Kirkland Lake and 90km southeast of Timmins.
- DH Exploration Inc.minorAsset purchase agreement to acquire twelve unpatented mining claims adjacent to the Melba Mine, expanding the project land package to ~3,886Ha.
- Stillwater Critical Minerals Corp.coreHeritage Mining exercised its option to acquire 51% ownership interest in the Drayton-Black Lake Project pursuant to an option agreement dated November 25, 2021. The agreement involves staged payments, share issuances, and exploration expenditure requirements. The project totals ~18,907Ha with potential for Heritage to earn up to 90% interest.
- Altitude Capital Consultants Inc.minorMarketing consultant engaged for investor outreach and marketing efforts to increase awareness and presence with Canadian investment community.
- PTX Metals Inc.minorAsset acquisition agreement to consolidate ~6,397Ha of project land contiguous and along strike with Dynasty Gold's Thunder Cloud Pelham Deposit, forming the Scattergood Project.
- Shear Gold Exploration Corp.minorAsset acquisition agreement contributing to the Scattergood Project consolidation totaling ~6,397Ha in the Western Wabigoon area.
- Mira GeosciencecoreEngaged for systematic exploration program at Drayton-Black Lake and Contact Bay Projects. Mira Geoscience provides integrated interpretation, geological and geophysical modelling, and target development/enhancement for priority target areas.
- AZI Drilling Ltd.coreSecured drilling partner for Phase 1 3,600m diamond drill program. AZI Drilling has over 25 years of experience within the Canadian Shield specializing in orogenic lode gold mineralized systems. The company has established relationships with First-Nation communities and focuses on environmental responsibility with systems to reduce water consumption by up to 90%.
- Investor Cubed Inc.coreEngaged to provide investor relations and shareholder communications services in Canada. The one-year agreement (terminable after three months) provides for cash compensation of $7,500 per month. Investor Cubed has 20 years of experience with established advisor and institutional networks.
- Couloir Capital Ltd.minorAnalyst coverage initiated with a buy rating and price target of C$0.31. Coverage provides investment research and recommendations to the mining investment community.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
Heritage Mining competitors and assessment
Company assessmentDirect peers
- Treasury Metals: Canadian gold developer with the Goliath Complex in northwestern Ontario, on-trend with Heritage's Drayton-Black Lake project. Both target similar Archean greenstone-belt gold systems in the same region, making them the most directly comparable peer in terms of geology, jurisdiction, and stage.
- Dynasty Gold: Explores the Thunder Cloud Pelham Deposit in Ontario, contiguous with Heritage's Scattergood Project. Directly comparable junior gold explorer in the same Wabigoon belt with a similar district-scale exploration model.
- Stillwater Critical Minerals Corp. Counterparty to Heritage's option agreement on Drayton-Black Lake. A fellow junior explorer in Ontario with overlapping geography and similar stage of exploration, providing a directly comparable peer with shared project economics.
- PTX Metals Inc. Sold its claims to Heritage as part of the Scattergood Project consolidation. A junior gold/copper explorer in Ontario's Western Wabigoon region; directly comparable in scale, commodity focus, and exploration stage.
- Pacific Empire Minerals Corp. Junior British Columbia-focused gold and copper explorer; Peter Schloo (Heritage CEO) is a Director. Comparable as a small-cap Canadian junior with similar exploration-stage economics and capital-raising profile.
- Metals Creek Resources Corp. Junior Canadian gold and base-metal explorer with Patrick Mohan (Heritage Chair) as a Board Member. Operates in Ontario and provides a directly comparable junior explorer with overlapping board and similar commodity exposure.
Broad incumbents
- IAMGOLD Corp. Mid-tier gold producer operating the Côté Lake mine near Heritage's Drayton-Black Lake project. Acquired Trelawney (Heritage board alumnus deal) for C$585M. Broad incumbent in the same Ontario gold belt that could be a strategic acquirer of any Heritage discovery.
- Agnico Eagle Mines: Senior Canadian gold producer with active operations in the Kirkland Lake gold camp near Heritage's Melba Project. Major incumbent that frequently partners with or acquires juniors in the same mining district.
- Alamos Gold: Intermediate gold producer with operations in Ontario (Island Gold) and across Canada. Relevant broad incumbent acquirer / JV partner for Ontario-based junior explorers like Heritage.
Regional players
- Azimut Exploration: Canadian junior exploration company focused on Quebec and Ontario with a project-generator model comparable in style to Heritage's multi-project approach. Similar market cap and stage, but operates in a different primary geography (Québec focus).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Heritage Mining social profiles
Digital presenceHeritage Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heritage Mining leadership team
Management profileNumber of profiles
Profiles6 records
Heritage Mining funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heritage Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heritage Mining
What does Heritage Mining do?
Heritage Mining Ltd. is a public junior mineral exploration company that systematically explores for gold and base metal deposits across a portfolio of district-scale properties in Ontario, Canada. The company conducts diamond drilling, geophysical surveys, geological mapping, and soil sampling on its flagship Drayton-Black Lake project (~15,256Ha), Melba Property, Contact Bay project, and Scattergood project, with the goal of discovering and delineating mineral resources.
Is Heritage Mining a public or private company?
Heritage Mining is a public company. It is classified as public and is currently operating.
When was Heritage Mining founded?
Heritage Mining was founded in 2022. It employs 1 to 10 people.
Where is Heritage Mining based?
Heritage Mining is headquartered in Vancouver, Canada, in the North America region.
How does Heritage Mining make money?
One revenue line is on record: mineral Exploration and Project Development.
Who are Heritage Mining's main competitors?
Direct peers on record are Treasury Metals, Dynasty Gold, Stillwater Critical Minerals Corp., PTX Metals Inc., Pacific Empire Minerals Corp. and Metals Creek Resources Corp.. Broad incumbents are IAMGOLD Corp., Agnico Eagle Mines and Alamos Gold. Azimut Exploration is listed as a regional player.
Does Heritage Mining have an API?
No public API is recorded for Heritage Mining.
What industry is Heritage Mining in?
Heritage Mining's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.