Hemlo Explorers Inc. announced that it has discovered in-situ visible gold, visible gold in a boulder, multiple priority gold targets, the southwest continuation of the Appleton and JBP gold bearing fault corridors and large unexplored fault corridors within the Gold Anchor Project in central Newfoundland. Gold Anchor 2024 Reconnaissance Exploration Highlights: Gold Bearing Structure/Geology: Identified the southwest continuation of the Dog Bay Line, the gold-bearing Appleton and JBP Faults, the Grub Line Fault and discovered additional unexplored fault corridors that are associated within the Davidsville Group meta sediments known to be the host to gold mineralization in the district. JBP Occurrence #1: Discovered in-situ (at surface) visible gold in quartz veins above the JBP Fault Corridor.
Assays are pending. Grub Line Occurrence #1: Discovered visible gold in a quartz rich boulder north of the Grub Line Fault. Assays are pending.
Dog Bay Boulder Field #1: Discovered a 1.5 km long by 1.0 km wide gold target area with sulphide rich quartz outcrops near the Dog Bay Line Fault. Assays are pending. Priority Gold Target Areas Identified: Discovered 5 high priority gold target areas within Davidsville Group metasediments with results that are 2 times to over 50 times above the average background value in the region of 5 ppb gold.
Appleton Boulder Field #1: Identified a 2.5 km long by 1.5 km wide gold target area above the Appleton Fault Corridor with historical assays from 0.005 g/t gold up to 8.733 g/t gold. Additional assays are pending.
