Hemlo Explorers (CSE: HMLO) is moving its project, Project Idaho, to the drill stage. The decision follows the receipt of assay results from a soil sampling program conducted on the project last year.
The soil sampling program conducted by the company consisted of a total of 1,101 samples being collected on a 50 metre square grid, with the company focusing its efforts on the western side of the project. Sampling predominantly focused on anomalies identified via a prior VTEM survey, as well on mafic intrusive lithologies identified via a recent rock sampling program.
READ: Hemlo Explorers Identifies Platinum, Gold In Soil Samples At Project Idaho
Sponsored · Altamira Gold Corp.
Of the 1,101 samples collected, 1,099 returned values of gold, platinum and palladium, while all returned copper, chromium, and nickel pathfinder results. Further results include:
- 139 samples had over 20 ppb gold
- 120 samples had over 10 ppb platinum
- 23 samples have over 40 ppm copper
- 11 samples had over 150 ppm chromium
- 9 samples have over 70 ppm nickel
- 3 samples had over 10 ppb palladium
“We are excited to move Project Idaho to the drill stage, the planning for which is now well advanced. Exploration results from the 2022 season were positive and further strengthen the evolving story that Coldwell Complex-style mineralization similar to the neighbouring Marathon Pd-Cu deposit extend onto the western boundary of Project Idaho,” commented CEO Brian Howlett.
READ: Hemlo Explorers Closes Option Arrangement With Barrick Gold
Project Idaho, found three kilometres to the southeast of Generation Mining’s Parathon Palladium Copper Deposit, consists of 70 claims covering 1,380 hectares of land. Radial faults are said to extend from the Marathon project onto the property, as confirmed via field mapping in 2022. The project sits to the southwest of Hemlo’s Pic Project, which is contiguous to the property and was optioned out to Barrick Gold in August 2022.
Hemlo Explorers last traded at $0.10 on the TSX Venture.
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