Hemlo Explorers Inc. is pleased to provide an update on precious metals results received from its soil sampling campaign on Project Idaho, located three kilometres southeast of Generation Mining's Marathon Palladium Copper Deposit . Figure #1 - Project Idaho Location Map [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
