Hemis Gold Announces Progress at El Tigre
LAS VEGAS (Business Wire EON) November 29, 2007 --
Hemis Corporation (OTCBB:HMSO)(FWB:XZA) is an international resource
company with three advanced stage exploration properties in Mexico and
one in Alaska.
The El Tigre Project in east-central Sonora, Mexico, is moving forward
toward the next phase of drilling. Work is focusing on geologic mapping
and sampling of areas of interest on and near the El Tigre project area.
The goal at El Tigre is to have a drill on site in late January to early
February 2008. At this time the planned program includes drilling 10 to
12 additional core holes in the El Tigre project area. These holes will
provide definition drilling in the Monument Breccia target zone as well
as test new targets.
With the conclusion of the first round of drilling and the receipt of
laboratory assay results, a clearer understanding of the area is
emerging. “The geology and mineralization at
El Tigre is very complex and exciting.” said
Bill Snoddy, Project Manager. “As work
continues we are developing a picture of the geology that is more
complex than initially thought and points to the potential existence of
a mineralized system that is poly-metallic and may include economically
mineable quantities of gold, silver, molybdenum, copper and lead.”
Progress on the property was set back this summer by a far wetter than
average rainy season. Storms in east-central Sonora washed out bridges
and destroyed roads that isolated the project for a number of days. In
the El Tigre project area roads were destroyed by torrential rains on
three occasions. “Unfortunately we can’t
control the weather.” said Dr. Douglas Oliver,
chief geologist of Hemis. “Now that the rainy
season is over we are able to move forward with our geologic program.”
Exploration is also being conducted in areas surrounding El Tigre and in
other parts of Sonora. “There are many areas
in Sonora with a rich mining history.” said
Dr. Oliver. “Many of these have the potential
to host very attractive gold deposits at today’s
prices. We intend to be aggressive in acquiring new quality properties.”
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on
the OTCBB under the symbol HMSO and listed on the Frankfurt stock
exchange under the symbol XZA. Hemis is comprised of both a resource
division and a resource investment unit. Hemis’
high profile team is focused on evaluating gold projects with strong
potential. The resource investment unit is actively reviewing other
natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich,
Switzerland and North American corporate communications representatives
in Canada and the United States. Led by an experienced team of
exploration geologists and financial professionals, this company has
extensive international capital markets experience and proven track
records.
The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties
that could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited
to, certain delays beyond the company's control with respect to
commencement of drilling operations, concentration in mineral deposits,
delays in testing and evaluation of ore samples, and other risks
detailed from time to time in Hemis’ filings
with the Securities and Exchange Commission.
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