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 [...]
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 [...]
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