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Hemlo Explorers Identifies Targets Within 3 km of the Proposed Open Pit Pd-Cu Operation of Generation Mining
TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide targets on t
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide targets on the Company’s Pic Project approximately 3 kms east of Generation Mining’s Marathon Palladium-Copper (“Pd-Cu”) proposed open pit operation (“Marathon Deposit”) near Marathon, Ontario (Figure 1). “We are very excited to have begun work on this prospective area near Generation’s project. The sulphide mineralization identified in a previous drill hole is encouraging as we move this project forward”, said Brian Howlett, President and CEO of the Company. The Marathon Deposit is hosted in a late intrusive phase gabbro along the northern and eastern margin of the Coldwell Complex which intrudes the older Archean Schreiber-Hemlo greenstone belt. The Company’s recent prospecting and property evaluation at Pic has identified surface gabbro intrusions that are similar to the intrusions on Generation Mining’s property and that are enriched with Pd-Cu at the Marathon Deposit. The Company’s target development is guided by the magma conduit deposit model which is favoured to explain sulphide mineralization and other economic mineral enrichment at Marathon. Some of the key highlights for target development are as follows: Highlights: Radial, concentric and intersecting fault development, as a consequence of Coldwell Complex magma uplift and caldera collapse, served as conduits for the Pd-Cu bearing gabbroic magmas at the Marathon Deposit (Figure 2). These structures extend into the Archean country rocks on Hemlo Explorer’s claims, where north-south trending gabbro dykes have been observed from historic mapping. 1983 ground magnetic and IP surveys show a linear north-south trend extending due south of a 2008 VTEM survey chargeability anomaly (Figure 3). The VTEM anomaly sits on an interpreted radial fault and is possibly an indication of sulphide mineralization. Field mapping in 1983 and 1984 identify silicified and sericitized rhyolite breccia zones with a corresponding 1983 IP anomaly. Sulphide mineralization returned from a 1985 historic drillhole BMN-03 approximately one kilometre east of the same 2008 VTEM anomaly as above and could be indicative of magma-country rock mixing and sulphide stripping with 10 intervals of variable pyrite, minor pyrrhotite and sphalerite mineralization in ...