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 [...]
Hemlo Explorers Inc. 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: Drill campaign to begin with a minimum of 10,000m in approximately 20 drill holes. Armand Volcanic Complex at the North Limb resembles the geological setting of the Moose Lake Volcanic Complex which is 15km to the south at the Hemlo [...]
Hemlo Explorers Inc. is pleased to announce that the Company has received its exploration permits which cover the majority of claims on the North Limb Project and all of the claims on the Pic Project from the Ontario Ministry of Energy, Northern Development and Mines . The Company would like to recognize the Biigtigong Nishnaabeg and the Netmizaaggamig Nishnaabeg First Nations for their cooperation and input into the [...]
Hemlo Explorers Inc. is pleased to announce that it has appointed Mr. Ernie Eves to the Board of Directors. Ernie Eves, Q.C, LLD , is the former Premier of Ontario and former Finance Minister . Since 2003, Mr. Eves has served as the President and Chief Executive Officer of Natel Strategies International Inc. and currently serves as an advisor, consultant or board member for several Canadian and international companies. As [...]
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