Hemlo Explorers Receives Exploration Permits and Prepares for Drill Program
May 29 2023 - 11:30AM
Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to
announce that it has received its exploration permit for Project
Idaho from the Ontario Ministry of Mines. The Company would like to
recognize the Biigtigong Nishnaabeg First Nation for their
cooperation and support of the permitting process.
The Company, after a very productive 2022
exploration season, will begin a drill program in late June 2023.
Exploration results from airborne VTEM geophysics, prospecting,
mapping, geochemical soil sampling, grab sampling, and rare-earth
element geochemical analysis combined to inform an extensive
targeting exercise. Soil and rock geochemistry from 2022 field
surveys align with geophysical signatures, VTEM and a north to
south linear magnetic low, which is analogous to the Marathon PF-Cu
Deposit setting. A Coldwell Complex-Archean boundary is interpreted
along this magnetic low trend favourable for gabbroic Pd-Cu
deposition.
Phase 1 of the drill program for 2023 will focus
on the priority targets along the north-south trending VTEM anomaly
on the western side of Project Idaho, within the boundary of the
Coldwell Complex and proximal to Generation Mining’s Marathon Pd-Cu
project.
The Company also intends to begin a prospecting
and mapping program on the eastern side of Project Idaho where
further VTEM anomalies were identified in 2022. The program will
initially consist of prospecting, grab sampling, and mapping.
Mr. Brian Howlett, CEO of the Company commented,
“We are very fortunate to be working in between the long-lived
Hemlo gold mine and an exciting new mine development at Generation
Mining’s Pd-Cu project. We consider our package of about 31,000
hectares of claims to contain some of the most prospective geology
in the area, as it is the transition area between the Coldwell
Complex and the gold-rich Archean, where many regional faults
criss-cross. We are very excited to begin our maiden drill program
to test the western VTEM targets that represent an analog to nearby
Generation Mining’s Marathon Pd-Cu project.”
Technical Information
Dr. Lesley Rose, P.Geo., Senior Exploration
Geologist for the Company, 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 Project Idaho and our Pic Project option with
Barrick Gold Inc.
For more information please contact:
Brian Howlett, President & CEOHemlo
Explorers Inc.brian@hemloexplorers.ca 1-(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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