Business
HM Exploration Acquires High Grade Copper VMS Project in Newfoundland
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- HM Exploration Corp. (“HM Exploration” or “HM” or the “Company”) (CSE:HM) is pleased to announce
About this update from Hm Exploration Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- HM Exploration Corp. (“HM Exploration” or “HM” or the “Company”) (CSE:HM) is pleased to announce that it has entered into an option agreement (the “Agreement”) dated September 25, 2025 with Great Atlantic Resources Corp. (TSX-V:GR) (the “Optionor”) to acquire a 100% interest in the the Pilley’s Island Copper Project (the “Project”), located in Newfoundland, Canada (the “Acquisition”). Highlights: Multiple VMS-style targets identified, including the Clifford Jones / Fragmental Zones, which returned channel sample grades up to 15.40% Zn, 6.60% Pb, 4.66% Cu, and 111.50 g/t Ag over 1.05m and grab samples up to 40.8% Zn, 20.0% Pb, 8.36% Cu, 148.1 g/t Ag and 2.28 g/t Au. Historic drill intercepts include: 82.47 - 85.21m: 2.74m of 6.40% Cu, 0.46% Zn, 11.28 g/t Ag, 0.85 g/t Au (PI-89-05) Including: 82.47 - 84.54m: 2.07m of 7.79% Cu, 13.40 g/t Ag, 1.05 g/t Au 50.75 – 53.12m: 2.40 m of 0.94% Cu, 12.45% Zn, 3.17 g/t Au, 5.51% Pb (Hole 42) 5.49m of 1.40% Cu, 0.76% Pb, 7.32% Zn, 20.53 g/t Ag (BBF-54) 5.33m of 1.03% Cu, 0.19% Pb, 1.79% Zn, 6.84 g/t Ag, 0.31 g/t Au (BBF-22) Excellent infrastructure and access: Project is road-accessible located ~25 km east of Springdale, within an established mining friendly district that also hosts the Buchans, Ming, and Rambler past producing mines. The Project is situated ~150 kilometers from the Pine Cove Mill and Port by way of major roads. The Project hosts the historic Pilley’s Island Mine, which produced ~450,000 tonnes of ore in the late 1800s, and carries reported (non-NI 43-101 compliant) reserves of 1.16 Mt of 1.23% Cu* (Grimley, 1968). Historic work mainly targeted shallow showings, with deeper and along-strike potential left largely untested. Geophysical anomalies were recognized but never systematically explored with modern methods. HM plans to continue to compile the over 100 years of inherited geological data to establish a systematic exploration program to begin late 2025. * The reported reserves are historical in nature and are not considered current mineral resources or mineral reserves as defined by NI 43-101. The Company has not done sufficient work to classify these estimates as current, and a qualified person has not verified them. Nicholas Rodway, P.Geo., President & CEO of HM Exploration, commented: \"With the P...