Hemlo Explorers Inc V.HMLO

Alternate Symbol(s): CNOBF

Metals & Mining Industrial Metals & Minerals

Hemlo Explorers Inc. is a Canada-based mineral exploration company with a portfolio of projects in Ontario and Nunavut. The Company is focused on developing its main Hemlo area projects, including the Project Idaho and the North Limb Project. It has a land package totaling 380 square kilometers (km2) of prospective mineral rights in the Hemlo-Schreiber Greenstone Belt. Its Project Idaho is located three km east of Generation Mining’s Marathon Palladium-Copper (Pd-Cu) proposed open pit operation near Marathon, Ontario and covers approximately 1,385 hectares (ha) over 79 claims. The North Limb Project is located over 15 km northeast of the Williams Mine and consists of 653 cell claims encompassing approximately 8,000 ha. The Belcher Islands Iron Project covers 1,226 ha of Inuit owned land and an additional 21,816 ha of Municipal Land on the Belcher Islands in Nunavut, Canada. It holds a 0.5% net smelter return (NSR) on the McKinnon-Hawkins Gold Project, which comprises over 1,536 ha.

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Hemlo Explorers Inc

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Post by Betteryear2on Apr 30, 2022 6:29am

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Extension of Binding Term Sheet with Barrick Gold TSXV:HMLO

TORONTO, April 29, 2022 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) announces an extension of the binding term sheet with a wholly owned subsidiary of Barrick Gold Corporation (see news release dated April 4, 2022) that originally estimated that the parties would sign a definitive agreement (the “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 2022.

Hemlo Explorers Announces Extension of Binding Term Sheet with Barrick Gold

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