Hemlo Explorers Inc. is pleased to provide an update on the summer work program at Project Idaho, which is located three kilometres east of Generation Mining's Marathon Palladium Copper Deposit . Highlights of the 2022 program included: Field programs were completed by late August and consisted of detailed mapping, prospecting and rock sampling; Soil sampling was completed in late October; Government sourced [...]
Hemlo Explorers Inc. is pleased to announce that First Energy Metals Ltd. has chosen to accelerate the option payments for the Falcon Lake claims as announced in a press release dated January 12, 2022. First Energy will make a cash payment of $70,000 and issue 500,000 shares of First Energy as full and final payment of this option agreement. In recognition of the early payments, the Company has agreed to waive any [...]
Hemlo Explorers Inc. is pleased to announce that it has received its exploration permit for Project Idaho from the Ministry of Mines, Natural Resources and Forestry. The Company also confirms that it has executed an Exploration Agreement with Biigtigong Nishnaabeg which covers exploration on Project Idaho and the Pic Project, which was optioned to a subsidiary of Barrick Gold Corporation in August 2022. This Agreement [...]
Hemlo Explorers Inc. is pleased to announce that it has closed the previously announced non-brokered private placement with a wholly-owned subsidiary of Barrick Gold Corporation . The Company issued 1,841,468 common shares priced at $0.1052 per common share for gross proceeds of $193,722.43. The proceeds of the private placement will be used for general corporate purposes and exploration of the Company's properties. All [...]
Hemlo Explorers Inc. is pleased to announce that further to its news release dated April 4, 2022, it has now executed the definitive agreement with a wholly-owned subsidiary of Barrick Gold Corporation whereby Barrick has the right to earn into an 80% interest in the Pic Project. The Company and Barrick have also executed a subscription agreement pursuant to which Barrick will subscribe for, on a private placement basis [...]
Hemlo Explorers is pleased to announce the results of voting at its annual general meeting of shareholders which was held. All matters submitted to shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, both dated June 27, 2022, were approved by the requisite majority of votes cast at the Meeting.
Hemlo Explorers announces another extension of the binding term sheet with a wholly owned subsidiary of Barrick Gold Corporation that originally estimated that the parties would sign a definitive agreement by April 30, 2022. Both parties continue to work through the due diligence process and are working to finalize the Definitive Agreement in June 2022.
Hemlo Explorers Inc. announces an extension of the binding term sheet with a wholly owned subsidiary of Barrick Gold Corporation that originally estimated that the parties would sign a definitive agreement by April 30, 2022. Both parties continue to work through the due diligence process and are working to finalize the Definitive Agreement in May 2022. About Hemlo Explorers Inc. Hemlo Explorers is a Canadian-based mineral [...]
Hemlo Explorers Inc. is pleased to announce that it has entered into a binding term sheet with a wholly-owned subsidiary of Barrick Gold Corporation whereby Barrick will have the right to earn into 910 claims comprising 16,800 hectares for part of the Pic Project . The Pic Project is located 25 km west of Barrick's Hemlo Mine. Both companies will work to complete the due diligence necessary to sign a definitive agreement [...]
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 [...]