Soil Survey Identifies Anomalous Precious Metals And Pathfinder Elements At Project Idaho

TORONTO - Hemlo Explorers Inc. reported on final precious metals and multi-element results from its soil sampling campaign on Project Idaho. Results from the soil sampling program show anomalous precious metals and pathfinder element values over areas covering VTEM anomalies and Coldwell Complex-style mafic intrusive lithologies, strongly suggesting emplacement of primary igneous magmas laden with PGE-bearing sulfides emanating from the proximal Coldwell Complex.

A total of 1,101 B-horizon soil samples were analyzed on a 50 m square grid, predominately along the western portion of the project. This covered VTEM anomalies and Coldwell Complex-related mafic intrusive lithologies highlighted by the recently released rock sampling results and results of the airborne geophysical survey flown in August of 2022. Out of the 1,101 samples collected 1,099 gold, platinum and palladium (“Au, Pt, Pd”) and 1,101 copper, chromium and nickel (“Cu, Cr, Ni”) pathfinder results are available.

A total of 120 soil samples (10.9%) returned values =10 ppb Pt, while 3 samples displayed anomalous Pd =10 ppb. A total of 24 (2.2%), 11 (1%) and 9 (0.8%) soil samples returned anomalous Cu, Cr and Ni of = 40 ppm, =150 ppm and = 70 ppm, respectively. 139 soil samples (12.6%) returned anomalous Au results of = 20 ppb which, in numerous instances, show corresponding anomalous Pt, Pd =10 ppb.

Brian Howlett, CEO, said, “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 neighboring Marathon Pd-Cu deposit extend onto the western boundary of Project Idaho. We would also like to acknowledge the financial assistance of the Ministry of Northern Development and Mines through the Ontario Junior Exploration Program grant which covers up to $200,000 of our 2022 Project Idaho exploration costs.”