Hemlo Explorers Advances Field Work at North Limb Project - Seite 2

In May of this year, a high resolution magnetic airborne survey was flown over a portion of the Pic Project covering the Porphyry Lake area. In 2019, assay results from soil and rock surveys outlined a 450 by 400 metre area of anomalous gold (see press release dated January 7, 2020). The magnetic survey will assist with the interpretation of boundary and structural trends that are important to gold deposition on this property.

Brian Howlett, the CEO of the Company stated, “We are excited to be identifying stripping and drilling targets from the results of these compilations and look forward to executing a comprehensive exploration program. We remain hopeful of the exploration permits being issued in the near future as restrictions from the Covid-19 crisis begin to get lifted.”

Hemlo Explorers is backed by significant shareholders such as Northfield Capital Corporation and O3 Mining Inc., who collectively own approximately 40% of the Company.

Technical Information

Dan McCormack, P.Geo., Exploration Manager for Hemlo Explorers, is the “Qualified Person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for the accuracy of technical information contained in this news release.

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. We are focused on generating shareholder value through the advancement of our main Hemlo area, including the North Limb, Hemlo West and the Pic Project.

For more information please contact:

Brian Howlett, President & CEO
Hemlo Explorers Inc.
[e-mail]
[phone]

http://www.hemloexplorers.ca

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, exploration results, potential mineralization, statements relating to mineral resources, and the Company’s plans with respect to the exploration and development of its properties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Hemlo Explorers Inc., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing, exploration risk and Covid-19 pandemic related orders. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements