Hemlo Explorers Identifies Platinum, Gold In Soil Samples At Project Idaho

Exploration continues for Hemlo Explorers (TSXV: HMLO) at their Project Idaho property, found in Ontario, Canada. The firm this morning released data from the soil sampling campaign conducted on the property.

The soil sampling program was focused on areas found to have VTEM anomalies, based on a geophysical survey conducted this past August. A total of 1,072 soil samples were collected, which were collected on a 50 metre by 50 metre grid.

Of the samples sent in, 134 samples, or roughly 12.5%, assayed at over 20 parts per billion gold, with several of those samples also showing over 10 parts per billion platinum. In total, 112 samples meanwhile assayed at over 10 parts per billion platinum, with multi-element analyses said to be still outstanding for all of the soil samples. Three samples reported over ten parts per billion palladium.

READ: Hemlo Explorers Reaches Agreement With Biigtigong Nishnaabeg First Nation

Separately, 41 rock samples were sent for rare earth element analyses. The lab the rocks were sent to previously interpreted 17 samples from the project to have overlapping rare earth element patterns to that of the Coldwell Complex, similar to that of the nearby Marathon palladium-copper deposit held by Generation Mining.

“We are very excited that the gold and platinum soil sample results further strengthen the evolving geological model suggesting that Coldwell Complex-style PGE-Au mineralization extends east from the neighbouring Marathon Pd-Cu deposit onto the Project Idaho claim area,” commented CEO Brian Howlett.

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. 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.

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