Business
Hemlo Mining Extends Gold Mineralization 300 Metres to the East with Multiple High-Grade Intercepts
TORONTO, Jan. 26, 2026 /CNW/ - Hemlo Mining Corp. (TSXV: HMMC) (the "Company"), a new Canadian mid-tier gold producer, is pleased to report assay results from i
About this update from Hemlo Mining Corp
[{"type":"text","content":" TORONTO, Jan. 26, 2026 /CNW/ - Hemlo Mining Corp. (TSXV: HMMC) (the \"Company\"), a new Canadian mid-tier gold producer, is pleased to report assay results from its 2025 E-Zone exploration drilling program at the Hemlo Gold Mine (\"Hemlo\" or the \"Mine\"), located near Marathon, Ontario, Canada. Highlights: Shallow, near-infrastructure 2025 E-Zone drilling results support advancing and extending the program into 2026 Potential to simplify mining sequences and provide optionality for increased mining rates in the future Current drilling indicates E-Zone extends approximately 1,000 m vertically and approximately 500 m east–west and remains open at depth, offering potential to add future mineral resources E-Zone interpreted as a potential analogue to the C-Zone system, which has estimated historical production from underground and open pit operations of approximately 3.7 million ounces of gold Exploration drilling highlights from the E-Zone include the following (see Figure 1 and Table 1 for additional results): Hole 6702501 intersected 19.11 g/t Au over 5.0 m Hole 6702503 intersected 15.79 g/t Au over 5.0 m Hole 6702505 intersected 7.08 g/t Au over 12.1 m and 90.45 g/t Au over 2.6 m Jason Kosec, President and CEO of Hemlo Mining Corp., stated: \"Despite more than 40 years of mining history at Hemlo, the 2025 drilling program, initiated by Barrick Mining Corp., continues to demonstrate that additional mineralized zones remain to be discovered within the camp. The E-Zone, located near surface and close to existing underground development, represents an attractive opportunity to potentially increase future mineral resources and reserves at Hemlo. Advancing this zone has the potential to simplify mining sequences and provide optionality for increased mining rates in the future.\" The E-Zone is a newly defined mineralized zone at the Williams property, located approximately 300 metres (\"m\") west of existing underground infrastructure at Hemlo. The 2025 E-Zone exploration program consisted of six drill holes totalling approximately 4,240 m. The program was designed to test extensions of gold mineralization from existing underground development outside the area of Hemlo's current mineral resource estimate. The results indicate the presence of gold mineralization and demonstrate the potential for future mineral resource and ...