Hemis Announces Additional El Tigre Drill Results
LAS VEGAS, Aug 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Hemis Corporation (OTC Bulletin Board: HMSO; Frankfurt: XZA) is an international resource company with three exploration properties in Mexico and one project in Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with GoldCorp Inc. (NYSE: GG; TSX: G) through GoldCorp's Mexican subsidiary, Glamis Exploration.
Hemis is pleased to announce additional assay results from the drilling program on its El Tigre gold exploration project in eastern Sonora, Mexico. The initial phase of diamond drilling was recently completed on this project and new assay results have been received for drill holes ELT-002 to ELT-005. The results for ELT-001 have already been reported.
Significant Drill Results -
Interval Width Grade - Grade - Grade - Grade -
Au Ag Mo Cu
ELT-001 -
16 to 32
meters 16 meters 0.033%
42 to 70
meters 28 meters 0.758 gr/T 5.92 gr/T
ELT-002 -
ELT-003 -
32 to 34
meters 2 meters 3.090 gr/T 5.20 gr/T 0.061%
ELT-004 -
36 to 44
meters 8 meters 1.090 gr/T
52 to 58
meters 6 meters 1.095 gr/T 8.10 gr/T 0.063%
ELT-005 -
22 to 54 32 meters 0.739 gr/T 6.07 gr/T 0.264%
Holes ELT-001 to ELT-005 were drilled within the El Tigre Monument breccia zone at an angle of -60 degrees. All of the holes were successful in intersecting the breccia. The core was cut, logged and photographed before sending samples to the ALS Chemex facility in Hermosillo, Mexico.
Hole ELT-005 represented a departure from previous holes in that copper mineralization was intersected. Veins of native copper were found in the oxidized portions of the hole. "We may need to start thinking of El Tigre as a poly-metallic project rather than a strictly gold target," remarked project manager William Snoddy. "In addition to gold and silver, we have seen molybdenum, copper, lead, zinc and tungsten mineralization across the concessions."
Dr. Douglas Oliver, the chief geologist for Hemis Corporation, remarks that the initial drilling of the El Tigre Monument breccia zone has met all of its objectives. "We wanted to get a handle of the dimensions of the breccia and determine if the anomalous gold values seen at the surface continue at depth. All of our holes hit gold mineralization throughout the breccia, even ELT-002. Four of the five holes hit potentially economic quantities of gold and silver. The presence of copper and molybdenum was a bonus we weren't expecting."
Results are still pending for drill holes ELT-006 and ELT-007 that tested the Main Pit breccia zone. Hole ELT-008 that tested the Eastern High breccia is also outstanding. Ongoing work at El Tigre is focused on expanding the surface sampling and mapping, and integrating the drill with the surface data to plan the next round of drilling. "El Tigre is proving to be more complicated that we initially thought," Dr. Oliver stated. "But it's complicated in a good way."
AI
