Hemlo Explorers Inc. is pleased to announce the that it has entered into an option agreement with First Energy Metals Ltd. to transfer 48 claims comprising approximately 987 hectares in the Falcon Lake area of Ontario to First Energy. The claims are located approximately 325 kilometres northeast of Thunder Bay, Ontario in an area where numerous companies are exploring for lithium, including Landore Resources Canada Inc [...]
Hemlo Explorers Inc. is pleased to announce that it has identified sulphide targets on the Company's Pic Project approximately 3 kms east of Generation Mining's Marathon Palladium-Copper proposed open pit operation near Marathon, Ontario . "We are very excited to have begun work on this prospective area near Generation's project. The sulphide mineralization identified in a previous drill hole is encouraging as we move [...]
Hemlo Explorers Inc. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement . In the final tranche, the Company issued 1,289,444 units , each comprised of one non flow-through common share and half of one common share purchase warrant and 120,000 "flow-through" units , each comprised of one flow-through common share and half of one Warrant, for [...]
Hemlo Explorers Inc. is pleased to announce that it has closed the first tranche of the non-brokered private placement announced on October 22, 2021 and November 4, 2021. Under the first tranche of the Offering, the Company issued 4,925,332 units , each comprised of one non flow-through common share and half of one common share purchase warrant and 1,529,300 "flow-through" units , each comprised of one flow-through common [...]
Hemlo Explorers Inc. announced today the final drill results from it's 18-hole 7,891 m program at the North Limb project, located 15 km north of Barrick Gold Corporation's Hemlo Mine near Marathon, Ontario. Highlights: Armand Lake Volcanic Complex Lunny East Showing: Drillholes NL21-12 , NL21-13 , NL21-14, -15 , NL21-16 , NL21-17 and NL21-18 totalling 2,396.15 m were drilled on five sections over a strike length of 1,000 [...]
Hemlo Explorers Inc. is pleased to announce that due to the high level of interest, it has increased the size of its non-brokered private placement to now raise aggregate gross proceeds of up to $1,982,500 through the sale of up to 6,500,000 units at a price of $0.225 per Unit and 2,000,000 flow through units at a price of $0.26 per FT Unit. The other terms of the Offering remain unchanged from the Company's news release [...]
Hemlo Explorers Inc. announces it is undertaking a non-brokered private placement for aggregate gross proceeds of up to $1,212,500 through the sale of up to 2,500,000 units at a price of $0.225 and 2,500,000 flow through units at a price of $0.26. Robert Cudney, through Northfield Capital Corporation , has committed to provide the lead order for the Offering. Each Unit shall be comprised of one common share and one-half [...]
Hemlo Explorers Inc. is pleased to announce the completion of the option agreement with All-Terrain Track Sales & Services Ltd. to acquire a 100% interest in 245 mineral claim cells located 15 kilometres northeast of Marathon, Ontario, and generally referred to as the "Wire Lake Project". As per the terms of the Option Agreement, the Company will grant the Vendor a 2.0% net smelter return royalty. The royalty agreement [...]
Hemlo Explorers Inc. is pleased to provide an update on its drill program at the North Limb project, located 15 km north of Barrick Gold Corporation's Hemlo Mine near Marathon, Ontario. Highlights: Armand Lake Volcanic Complex Lunny West Showing: Drillholes NL21-10 and NL21-11 totalling 1,057.68 metres were drilled on two sections spaced over 175 m at the Lunny West Showing . These two holes were designed to test the [...]
Hemlo Explorers Inc. is pleased to provide an update on its drill program at the North Limb project, located 15 km north of the Hemlo Mine near Manitouwadge, Ontario. Highlights: Two drill grids have been instituted to cover the entire North Limb project as shown in Figure 1. Drillhole results announced on July 27th, 2021, are now referenced to grid lines A-1150 , A-1000 and A-1300 . Armand Lake Volcanic Complex [...]
Hemlo Explorers Inc. is pleased to provide an update on its drill program at the North Limb project, located 15 km north of the Hemlo Mine near Manitouwadge, Ontario. Highlights: Musher Felsic Horizon: Drillholes NL21-01, -03 and -04 , NL21-02 and NL21-05 were drilled on three sections spaced 200 metres apart and intercepted a contiguous gold bearing felsic metavolcanic unit of variable width. These five drillholes were [...]
Hemlo Explorers Inc. is pleased to provide an update on its on going drill campaign at its North Limb Project, located approximately 15 km north of the Hemlo Mine near Manitouwadge, Ontario. Highlights: North Limb arcuate formation and geological setting resembles that of Hemlo Mine but has been historically underexplored with disjointed programs under fragmented ownership; Following a detailed compilation and evaluation [...]
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