Hemlo Explorers Provides Update on Drilling at the North Limb Project

Hemlo Explorers Inc. is providing an update on its on going drill campaign at its North Limb Project, located approximately 15 km north of the Hemlo Mine near Manitouwadge.

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, Hemlo started 10,000 metre drill program in late January designed to test target horizons, on a property scale, along strike and at greater depths than the majority of historic drillholes that tested to less than 250 m depth.
• 6,300 metres in 13 drillholes have been completed covering less than 1 km of the 8.2 km Armand Volcanic Complex Horizon and less than 0.7 km of the 7 km Lunny/Musher Felsic Volcanic Horizons;
• To date management is very encouraged by silica, sericite, feldspar, green mica alteration, which similar to that of the Hemlo Mine alteration, observed in felsic to intermediate volcanic and sedimentary assemblages; and
• Gold and multi-element assays have been returned for 3 of the 13 drillholes completed with a few anomalous gold values returned over narrow widths, with evaluation of multi-element analysis on-going.

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 initial results from the current drill program have exhibited that we have similar stratigraphy as the to the Moose Lake Volcanic Complex at the prolific Hemlo gold deposit. While the gold numbers reported from the first holes have only been anomalous, we are encouraged by the progress of the current program and look forward to more results to be delivered in the coming weeks and months,” said Brian Howlett, President and CEO of Hemlo Explorers.

Management has proposed drilling specific targets on the North Limb Property that will include testing numerous sections of the 8.2-kilometre Armand Volcanic Complex and 7-kilometre Lunny/Musher Felsic trends, based on several anomalies outlined by drill intercepts, soil and rock assays, and geophysical signatures. The Company believes that the North Limb assemblages resemble the geological setting of the Moose Lake Volcanic Complex at the Hemlo gold deposit that has produced 22 million ounces since it began production in 1985 (as reported by Barrick Gold Corporation).

Tags: Northern Ontario / Exploration / Gold / All Articles