Hemlo Explorers Begins Drilling Testing Project Idaho
FULL DISCLOSURE: This is sponsored content for Hemlo Explorers.
Exploration has begun at Hemlo Explorers’ (TSXV: HMLO) flagship project in Ontario. Drilling is now underway at Project Idaho, found two kilometres to the east of the Marathon Palladium-Copper Project, near Marathon, Ontario.
The drill program is the first to be conducted since 1985, and is focused on testing several VTEM anomalies known to occur at depth along a three kilometre long magnetic trend. The anomalies are found near to the inferred boundary of the Coldwell Complex and the Archean volcanics.
Grab samples previously collected from the target area are said to have been anomalous for platinum, palladium, gold, and copper, with surface exposure consisting of chaotic brecciated textures containing visible sulfide mineralization.
“We believe we have the potential to discover a significant mineralized system similar to the Marathon Pd-Cu project. We are excited to be drilling the western side of Project Idaho close to a neighbouring deposit in virgin ground,” commented CEO Brian Howlett.
READ: Hemlo Explorers Set To Begin Drilling Project Idaho
Targets selected for drilling are said to be shallow, with an average depth of 180 metres. The overall size of the drill program was not released.
Hemlo Explorers last traded at $0.08 on the TSX Venture.
FULL DISCLOSURE: Hemlo Explorers is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Hemlo Explorers. The author has been compensated to cover Hemlo Explorers on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
