Hemlo Explorers Commences Drilling at the North Limb Project

TORONTO, January 14, 2021 – Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce it has commenced drilling at its North Limb Project, located approximately 15 km north of the Hemlo Mine near Manitouwadge, Ontario.

 

Highlights:

 

 

This is the Company’s first drill campaign since it consolidated the North Limb project with the O3 Mining property acquisition last year (see press release dated April 21, 2020). This program, which is the first on this portion of the property since 1996, will consist of a minimum of 10,000 metres through the completion of approximately 20 holes with an average length of 500 metres. The Company has invested significant efforts over the past eight months compiling data from previous drill holes, ground surveys and sampling.

 

“We believe we have potential for a significant mineralized gold system similar to the Moose Lake Volcanic Complex at the prolific Hemlo gold deposit,” said Brian Howlett, President and CEO of Hemlo Explorers. “While there has been some significant prior exploration on the project, most historical drill holes have never gone below a depth of 225 metres.  All of this previous exploration has given our team good insight to what lies below and along untested trends.”

 

 Management has proposed drilling specific targets on the North Limb Property that will include testing numerous sections of the 8.2-kilometre-long Armand Volcanic Complex (“Armand Complex”) trend, based on several anomalies outlined by drill intercepts, soil and rock assays, and geophysical signatures. The Company believes that the Armand Complex resembles the geological setting of the Moose Lake Volcanic Complex at the Hemlo gold deposit that has produced over 21 million ounces since it began production in 1985 is expected to be in operation until at least 2030 (as reported by Barrick Gold Corporation).