Archive for the ‘Hemis Corporation HMSO’ Category

Hemis Corp. (HMSO.OB) Reports Additional El Tigre Drill Results

Tuesday, August 14th, 2007

Hemis announced additional results from the drilling program on its El Tigre gold exploration project in eastern Sonora, Mexico. The initial phase of diamond drilling has been recently completed on this project; the new assay results cover drill holes ELT-002 to ELT-005.

All of the holes were successful in intersecting the breccia. Veins of native copper were found in the oxidized portions of hole ELT-005 The Project manager commented, “’We may need to start thinking of El Tigre as a poly-metallic project rather than a strictly gold target. 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, stated, “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.”

The results for holes ELT-006 and ELT-007 are still pending, the company remarked that the Hole ELT-008 that tested the Eastern High breccia is outstanding. The project is focused on expanding the surface sampling, mapping, and integrating the drill with the surface data to plan the next round of drilling.

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Wall Street Analyst Report Awards Hemis Corp. (HMSO.OB) $1.56 Price Target

Friday, August 3rd, 2007
hmso

Hemis Corporation is a precious metals exploration company with three high quality projects in Mexico. In addition to acquiring, exploring and developing its own projects, Hemis also operates a resource investment unit for joint ventures and investments in other natural resource companies.

The company is currently conducting drill test programs on its El Tigre and La Centela properties in Sonora, Mexico. Geologists have recommended the continuation of the gold exploration at El Tigre, which may have the potential to contain an approximately one million ounces of gold.

Goldcorp (NYSE: GG), the world’s second largest gold company, has invested $4,000,000 in a joint venture agreement with Hemis and Corex Gold Corp. on Hemis’ Santa Rita property in Zacatecas, Mexico. Hemis’ fourth active exploration project is the offshore Anchor Point Gold Project in Alaska’s Cook Inlet.

Hemis has proven mineral resource production expertise, extensive international capital markets experience, an impressive portfolio of high quality gold projects, and potential for rapid and sustained growth.

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Hemis Corporation (HMSO.OB) Announces Quarterly Report from Goldcorp Inc.

Wednesday, August 1st, 2007

Hemis Corporation (HMSO.OB) announced today that Corex Gold Corp. (TSX-V: CGE) has received its first formal quarterly property report from Goldcorp Inc. (NYSE: GG- TSX: G) through its Mexican subsidiary Glamis Exploration S.A. de C.V. Under the Agreement Goldcorp has the right to earn up to an 80% interest in Corex’s Santa Rita and Zuloaga (collectively ‘Zuloaga’) concessions in the states of Zacatecas and Coahuila. The Zuloaga Property that encompasses 39,878 hectares is located in the Sierra Madre Oriental and is approximately 15 km from Goldcorp’s Penasquito deposit.

Regarding the Penasquito property, Goldcorp has reported that as of June 2006 Penasquito has proven and probable gold reserves totaling 9.98 million ounces. Silver reserves were 575 million ounces while lead and zinc totaled 1.67 million tonnes and 3.62 million tonnes respectively. Initial mine start up is expected in late 2008 with full production reached by late 2009.

To date Goldcorp’s activities have been primarily organizational in character. Since the signing of the Earn-In Agreement, Goldcorp has mobilized a geological team and set up office space in the Melchor Ocampo area. The Earn-In Agreement provides Goldcorp can Earn-In to a 70% interest in the Zuloaga property by spending US$4,000,000 over a 5-year period and paying Corex US$150,000 over an 18 month period.

Hemis Corporation has an option to acquire a 49% interest in Corex Gold’s interest in the Santa Rita property upon payment to Corex Gold US$950,000 and 200,000 shares of Hemis Corporation over 2 years.

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President of Hemis Corporation (HMSO.OB) Issues Letter to Shareholders.

Monday, July 30th, 2007

Norman Meier, President of Hemis Corporation, issued a letter to shareholders today to address several key issues and update shareholder on the company. Currently the company is properly financed, and exploration projects are active with the drill results from Mexico expected in the near future. To date, Hemis has three exploration programs in Mexico and one in Alaska, all of which have active exploration programs achieving the goals stated in the original plan.

Mr. Meier believes that Hemis has reached a level where there will now be a lot of support in the market from investors, both individual and institutional, who have researched Hemis and share Hemis’ vision.

To read the full Shareholders Letter by Mr. Meier, click on the following link. Shareholder Letter

Mr. Meier believes that Hemis is a high quality company with a great team of geologists, finance professionals and world class projects. This mix gives Hemis a multi million ounce resource potential and an exponential investment upside. The company will soon be initiating an investor marketing program in Europe in association with our Frankfurt listing and European shareholders.

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Hemis Corporation (HMSO.OB) Reports Potentially Ore-Grade Mineralization with First Drill-hole Results from El Tigre

Monday, June 18th, 2007

Hemis Corporation (HMSO.OB) reported the first drill results from its El Tigre gold exploration project in eastern Sonora, Mexico. The project is currently undergoing an initial phase of diamond drilling.

The initial drill holes have been on its El Tigre breccia zone where surface sampling had revealed promising gold values over a broad area.

Hole ELT-001 was drilled at an angle of -60 degrees. It cut a zone of silicified breccia containing pyrite from the surface to 85 meters. For the interval from 42 to 70 meters the samples averaged 0.758 gr/T of gold. Because the geometry of the El Tigre breccia zone remains poorly constrained, it is uncertain if this 28 meter interval represents a true width.

Dr. Douglas Oliver, the chief geologist for Hemis Corporation, commented on the significance of the results, “Obviously, we are pleased. We have always been impressed with the potential of this project. To hit potentially ore-grade mineralization in the first hole exceeds our expectations.”

In addition to the gold mineralization, molybdenum was encountered in a tourmaline granite. The interval from 16 to 32 meters averaged 0.033% Mo.

“This is quite surprising as we did not expect to see molybdenum at such a shallow depth,” Dr. Oliver stated. “We knew there was potential for a moly porphyry at El Tigre but we didn’t expect to find mineralization at such a shallow depth.”
  
An initial program of five core holes has been completed on the El Tigre breccia. The drill is currently on the Main Pit breccia and will move to the Eastern High Breccia before starting a deep hole on the La Centela concession to test for a buried molybdenum porphyry system at El Tigre.

Samples of the El Tigre drill core are being assayed at the ALS Chemex lab in Hermosillo, Mexico. Hemis expects the results of additional holes to be received on a weekly basis going forward.

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Hemis Corp. (HMSO.OB) Reports Initial El Tigre Drill Results

Monday, June 18th, 2007

Hemis is pleased to announce its drill results for the El Tigre gold exploration project which is currently in its initial phase of diamond drilling.

The drill holes have revealed promising gold values over a large area in the El Tigre breccia zone. The chief geologist of Hemis commented on the significance of the great results, “Obviously, we are pleased. We have always been impressed with the potential of this project. To hit potentially ore-grade mineralization in the first hole exceeds our expectations.”

Molybdenum was also found in tourmaline granite. The company knew that Molybdenum existed at the El Tigre project, but didn’t expect to find mineralization at such a shallow depth.

The initial program is now completed on the El Tigre Beccia. The drill will be moved to the Eastern High Breccia before drilling a deep hole on the La Centela concession to test for a buried molybdenum porphyry system. ALS Chemex Lab is currently reviewing the samples of the El Tigre drill and is expected to report the results of additional holes on a weekly basis.

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Hemis Corp. (HMSO.OB) Updates Investors on the Anchor Gold Project

Wednesday, June 13th, 2007

On August 9, 2006 Aspen and Hemis entered into a partnership which detailed that Aspen would provide Hemis with exploration information gathered in and around Cook Inlet, Alaska along with Aspen’s pending Offshore Prospecting Permit applications. In exchange, Aspen has been paid $50,000, and will be paid $50,000 on each anniversary until production is initiated.

The Anchor Gold project is one of Hemis’ premium exploration properties which could bring tremendous revenues to the company. On June 8 of this year, Hemis announced that it began a preliminary oceanographic survey which was planned to utilize a high-precision cesium magnetometer, a fathometer, side-scan sonar, a bottom sampler and a StrataBox. But because of the high waves, neither the StrataBox nor the bottom sampler was used to conduct the survey.

The oceanographic survey indicated a water depth of less then 10 meters in many of the areas of interest. The company stated that the water depth is desirable, and the magnetometer survey confirmed the position and strength of airborne magnetic surveys taken twenty years ago. Dr. Douglas Oliver, Hemis’ chief geologist, stated, “Verifying the off-shore magnetic anomalies is a big step forward in advancing this project.”

Hemis plans to complete the oceanographic survey in July and may expand to take into account new data currently being acquired. The company hopes that the new survey will have both better geographic controls and will resolve smaller scale features.

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Hemis Corporation (HMSO.OB) Begins Alaska Gold Oceanographic Survey

Tuesday, June 12th, 2007

Hemis Corporation (HMSO.OB) reports exploration progress at the Anchor Gold project is in the Cook Inlet of Alaska.  

This project is one of Hemis’ premium exploration properties. It is believed that due to the size of the project area, it could have great potential.

A preliminary oceanographic survey was begun recently at the site. On board instrumentation included a high-precision cesium magnometer, a fathometer, side-scan sonar and a StrataBox®. The StrataBox is an instrument capable of imaging through sediments up to 40 meters thick.

The survey boat used a GPS control system and also had a bottom sampler on board. This survey was intended to both confirm the results of Aspen Exploration’s previous work and to provide baseline information for a drilling program planned for later in the 2007 exploration season.

The oceanographic survey indicated that the water depth in the area of interest was less than 10 meters in many of the areas of interest. This is an ideal water depth from the standpoint of future exploration. The magnetometer survey confirmed the position and strength of airborne magnetic surveys taken twenty years ago by Aspen Exploration. Dr. Douglas Oliver, the chief geologist for Hemis Corporation, commented that this was a primary goal of the program. “Magnetite and gold often occur together in placer deposits because of their density. Verifying the off-shore magnetic anomalies is a big step forward in advancing this project,” Dr. Oliver stated.

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 Corporation 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.

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Hemis Corp. (HMSO.OB) Begins Exploration Project in Alaskan Property

Friday, June 8th, 2007

Hemis’ Anchor Gold project in the Cook Inlet of Alaska is one of their premium exploration properties. The many acres included in the property offer great potential.

Last week, a preliminary oceanographic survey began which utilized a cesium magnometer, a fathometer, side-scan sonar, and a StrataBox. The survey was begun to confirm the results of Aspen Exploration’s previous work, and to provide basic information for a planned drilling program.

In many of the key areas, the oceanographic survey found that the water depth was less then 10 meters; this is an ideal water depth for future exploration. The primary objective was completed after the team confirmed the position and strength of airborne magnetic surveys taken twenty years ago.

The company has also just finished processing data which supersedes the original survey taken by Aspen Exploration. Hemis hopes that the new survey will have better geographic controls and will resolve smaller scale features. A late summer drilling program is currently under negotiations with contractors.

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Hemis Corporation (HMSO.OB) Drilling at the El Tigre Project in Eastern Sonora, Mexico

Thursday, June 7th, 2007

Hemis Corporation (HMSO.OB) recently reported the start of drilling at its El Tigre Project in eastern Sonora, Mexico.

Cabo Drilling Corporation of Vancouver has been awarded a contract for 3,500 meters of diamond drilling at El Tigre. The drilling is being conducted by its Mexican subsidiary, Cabo Drilling de Mexico S.A. de C.V.

Surface exploration at El Tigre has discovered multiple zones of gold- bearing breccias. Dr. Douglas Oliver, Chief Geologist for Hemis states, “The intent of the drilling is to understand the three-dimensional geometry of these breccia zones. Naturally, we also want to know if the potentially ore-grade mineralization at the surface continues at depth.”

The initial phase of drilling will consist of 8 core holes averaging 200 meters in depth. The drilling will test three of the five gold-bearing breccia zones identified to date. The drill will then move to a secondary target in the project area before drilling an additional five follow-up holes. The location of the follow-up holes will be determined by the results from the first-round of drilling as well as ongoing surface exploration.

Because of the remote location, an exploration camp has been constructed at the site. Local contractors are performing all of the support functions including trucking water to the drill. Analyses of the core samples will be performed at the ALS ChemEx lab in Hermosillo, Mexico.

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Shares of Hemis Corporation (HMSO.OB) are Advancing Up 7.95% Percent Today, as the Company Recently Expanded its Land Holdings with La Centela

Wednesday, June 6th, 2007

Hemis Corporation (HMSO.OB) reports that it has recently expanded its El Tigre land holdings through the acquisition of concessions called La Centela. La Centela consists of six concessions that are adjacent to El Tigre, Hemis’ advanced stage exploration property.

The area is very similar to El Tigre due to the presence of broad zones of breccia developed in volcanic rhyolite. Surface samples have been analyzed by ALS ChemEx resulting in the identification of several primary target areas where the breccias coincide with gold mineralization. One particular breccia zone identified by Hemis averaged 2.6 g/T of gold.

The La Centela concession is located about 250 km east of Hermosillo and 12 km east of the village of Valle de Tacupeto. Accessible by road, the La Centela claim is in a mountainous region.

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Hemis Corp. (HMSO.OB) Has a Well Rounded Portfolio which is Sure to Succeed

Wednesday, June 6th, 2007

The company’s flagship project in Alaska is believed to be the most significant property by the management team, but their other projects also hold great promise for large future revenues.

Hemis recently reported that all five drillings in the El Tigre property have yielded signs of mineralization. The second hole drew thee chief geologist’s attention; he commented, “The rocks are gorgeous. A continuous intercept of over 80 meters shows signs of being strongly mineralized.”

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Hemis Corp. (HMSO.OB) Signed an Earn-In Agreement with the World’s Second Largest Gold Company

Wednesday, June 6th, 2007

Hemis was pleased to announce this year that it signed a joint-venture property agreement with Goldcorp to explore the Santa Rita property.

The property is located in Sierra Madre Oriental which is near the Concepcion del Oro mining district. The area has a great history of producting an estimated 250 million ounces of silver and 1.5 million ounces of gold.

Norman Meier, President of Hemis Corp., stated, “With the advance towards production at Goldcorp’s Peñasquito mine we are extremely pleased to have a company of Goldcorp’s reputation and experience working our landholdings in Mexico. The progress at Santa Rita is extremely encouraging and together with the ongoing work programs at Hemis’ other projects in Mexico, El Tigre and La Centilla, Hemis’ Resource Unit continues to maximize shareholder value.”

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Hemis Corporation’s (HMSO.OB) El Tigre Project in Mexico has Potential “MollyB” Bonus

Wednesday, June 6th, 2007

New drilling and rock analysis at Hemis Corporation’s (HMSO.OB) El Tigre Project in Mexico has uncovered a potential molybdenum bonus on the property.

Hemis initially considered El Tigre to be strictly a gold target. However, several lines of evidence suggest that additional exploration for the mineral molybdenum porphyry is warranted at El Tigre.

In addition to the strong possibility of molybdenum bearing-veins on the La Centela concessions, multiple granite and rhyolite intrusions support the possible existence of a molybdenum porphyry system.

Evidence for this was noted in drill hole two where inclusions of rhyolite porphyry occur in granite. Normally granite would lie deeper and be older than the rhyolite. Also, the granite is extensively fractured with pyrite covering the fracture surfaces. It is hoped that molybdenite will replace the pyrite at depth.

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Hemis Corp. (HMSO.OB) Reports Positive Updates on El Tigre Project

Tuesday, June 5th, 2007

Hemis Corporation’s El Tigre project it located in eastern Sonora, Mexico, and is currently under the process of its initial drilling phase. The team is drilling the sixth hole of eight.

So far, all five of the completed holes have shown signs of mineralization. The chief geologist and drill supervisor at El Tigre, Dr. Douglas Oliver, commented on the second hole as having gorgeous rocks. He stated, “A continuous intercept of over 80 meters shows signs of being strongly mineralized.”

Signs of molybdenite were also found during the exploration. Initially, Hemis considered the El Tigre property as only having potential for gold, but the strong possibility of molybdenum bearing-veins are encouraging.

Hemis is expecting the complete results on the first hole from the ALS Chemex lab this week. The additional reports on the other holes are expected in the coming weeks.

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Hemis Corporation (HMSO.OB) Provides Status Update on Gold Exploration in Sonora, Mexico

Tuesday, June 5th, 2007

Hemis Corporation (HMSO.OB), is an international resource company with three advanced stage exploration properties in Mexico and one in Alaska.

 
El Tigre is Hemis’ gold exploration project in eastern Sonora, Mexico. The project is currently undergoing an initial phase of diamond drilling. Currently, the team is drilling the sixth hole of an initial program of eight core holes, each hole having an average depth of approximately 200 meters.

The initial phase of drilling is intended to test several gold-bearing breccia zones. Without exception, the completed holes show signs of mineralization. Broad intercepts showing signs of brecciated, silicified and/or sulfide-bearing zones have been logged.

Dr. Douglas Oliver, the chief geologist and drill supervisor at El Tigre, stated that the second hole looked particularly good. “The rocks are gorgeous. A continuous intercept of over 80 meters shows signs of being strongly mineralized,” Dr. Oliver stated.

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Hemis Corporation (HMSO.OB) to Explore for Gold in Alaska

Tuesday, June 5th, 2007

Hemis Corporation (HMSO.OB) reports that it has entered into an agreement to acquire Aspen Exploration Corporation’s Anchor Point gold project in the Cook Inlet area of Alaska, which includes all of Aspen’s interests in maps, aeromagnetic surveys and geological information developed by Aspen in the Cook Inlet as well as rights to Offshore Prospecting Permit (OPP) applications.

Under the terms of the agreement, Aspen was paid $50,000 at signing and will be paid this amount on each anniversary of the agreement in order to maintain Hemis’ interest in the project. Aspen is entitled to a 5% production royalty, which may be taken in kind or in cash as Aspen prefers.

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Hemis Corp. (HMSO.OB) Diversified Portfolio Provides the Company with Plenty of Opportunities for Success

Tuesday, June 5th, 2007

Hemis Corporation owns four major exploration projects. El Tigre is noted by geologists for continually producing gold and La Centela has yielded promising molybdenum samples.

The company’s Santa Rita property, which is in a historical mining district, is currently being explored by both Hemis and Goldcorp through a joint-venture property agreement.

Hemis is also exploring a major offshore gold project in Alaska. The management team believes that it is the most significant of all their projects, and could significantly add to their future revenue.

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Hemis Corporation-One to Watch

Monday, June 4th, 2007

Hemis Corporation, HMSO together with its subsidiaries, engages in the exploration and development of mineral properties in Mexico. It primarily explores for gold. The company holds interests in three mineral properties. These include Santa Rita property, which is located in the Sierra Madre Oriental in Zacatecas, Mexico; and El Tigre property and Porvenir property, which are located in the south-eastern Sonora, Mexico. The Santa Rita property contains 22,982 hectares of land; El Tigre property has an area of 30 hectares; and Porvenir property has an area of 83 hectares. Hemis Corporation was founded in 2005 and is headquartered in Las Vegas, Nevada.

For more information please visit www.hemiscorporation.com