Hemlo Explorers Completes Mag Survey and Commences Field Season in Hemlo Camp
June 22 2020 - 7:00AM
Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to
announce that field work and prospecting has commenced at the
Company’s Marathon, Ontario area properties. The nearby Hemlo Gold
Deposit has produced over 21 million ounces gold since 1985 and
remains in operation today at Barrick’s Williams Mine. This is the
first field season since the Company acquired 414 claims from O3
Mining Inc. (see press release dated June 2, 2020) which increased
the size of the Company’s North Limb Project, and also included the
Hemlo West property. The Company now has over 38,000 hectares of
claims and is the largest claim holder in the Hemlo Camp.
The field team will be focusing on the Pic,
North Limb and Hemlo West Projects for prospecting, mapping and
data compilation in the early part of the field season. The North
Limb Project has a geological setting akin to the prolific Hemlo
deposit with drill hole intercepts of up to 37.35 g/t Au over 1
metre. Hemlo West is 15 kilometres west and on strike with the
Williams Mine and 2.5 kilometres south of the Pic Project.
In late May, the Company commenced the start of
a busy exploration campaign by completing a 460 line-kilometre high
resolution magnetic airborne survey over a portion of the Pic
Project, covering the Porphyry Lake and Contact Lake areas. This
survey area is contiguous with the same high-resolution survey
flown over Beggs Lake in 2018. These magnetic surveys help
delineate stratigraphic boundaries and structural trends that are
important to gold deposition at Beggs Lake, Wire Lake, Smoke Lake,
Porphyry Lake, Contact Lake and Camp 27.
At the start of June, data compilation commenced
to build 3D models for a better understanding of zone geometries
and potential at North Limb, Wire Lake, Smoke Lake and Page Lake.
This work is scheduled to be completed mid-summer and is
anticipated to help generate targets for field follow-up and drill
testing.
Additionally in June, a field program was
started consisting of prospecting, mapping, and rock and soil
sampling. The program will focus initially at the Beggs Lake Stock,
a three-square-kilometre intrusive having multiple, mineralized
fault-shear-fracture systems that trend northerly through the
granodiorite–monzonite intrusive. Previous prospecting campaigns
have discovered high-grade gold at the Lucky 13 trench, within the
intrusive, having up to 100 g/t Au found in a grab sample of quartz
veining along a fault-dyke contact. The 2018/2019 field programs
found similar high-grade grab samples of quartz veining elsewhere
around the edges of the Beggs intrusive with values of 109 g/t Au,
14.7 g/t Au, and 11.6 g/t Au at the ABC, Tibia and Goldshore
occurrences respectively. This summer, Company geologists will
follow-up on these discoveries to better understand geometry and
the extents of mineralized structures. Follow-up ground geophysical
IP surveys, overburden stripping, mapping and sampling over
selected areas are anticipated to commence mid-summer. The goal of
this field work, in combination with the compilation evaluations
being undertaken, is to generate, refine and prioritize targets for
a comprehensive drill program later this season.
“We are excited to have our crews back in the
field to follow up on our prospecting successes from prior years,
which included the discovery of multiple high-grade gold bearing
veins around Beggs Lake (grab samples up to 109 g/t Au) and the new
gold zone at Porphyry Lake. Our 2020 field season will focus
considerable efforts on these newly discovered gold zones to
improve our geological understanding of each trend, while also
seeking to expand the known envelope of each,” said Brian Howlett,
President and CEO of Hemlo Explorers.
Technical Information
Dan McCormack, P.Geo., Exploration Manager for
Hemlo Explorers, is the “Qualified Person” as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects,
responsible for the accuracy of technical information contained in
this news release.
About Hemlo Explorers Inc.
Hemlo Explorers is a Canadian-based mineral
exploration company with a portfolio of properties in Ontario and
Nunavut. We are focused on generating shareholder value through the
advancement of our main Hemlo area properties, including: the North
Limb, Hemlo West, and the Pic Project.
For more information please contact:
Brian Howlett, President & CEOHemlo
Explorers Inc.brian@hemloexplorers.ca (647) 227-3035
http://www.hemloexplorers.ca
Forward-Looking Statements
Certain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties, including,
but not limited to, exploration results, potential mineralization,
statements relating to mineral resources, and the Company’s plans
with respect to the exploration and development of its properties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of Hemlo
Explorers Inc., including, but not limited to, the impact of
general economic conditions, industry conditions, volatility of
commodity prices, risks associated with the uncertainty of
exploration results and estimates, currency fluctuations,
dependency upon regulatory approvals, the uncertainty of obtaining
additional financing, exploration risk and Covid-19 pandemic
related orders. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
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