NEWS ALERT!!!Some good news.
Golden Hemlock Explorations - News Release
Subsidiary to own 100% of San Jose De Gracia properties
Golden Hemlock Explorations GHEShares issued 71283261997-05-09 close
$1.11Monday May 12 1997News ReleaseMr Robin Forshaw reports The
company's final underlying property payment due on May 14 1997, for its
properties at San Jose de Gracia, Sinaloa, Mexico, has been fully
financed. Golden Hemlock's subsidiary company Minera Finisterre SA de
CV, on closing will own 100% of the San Jose de Gracia mining camp. A
contract for a comprehensive airborne EM magnetometre and radiometric
survey has been let to Aero Surveys. This survey will greatly assist in
geological interpretation and in defining drill targets for future
exploration. Tenders have been called and a contract will be awarded for
drilling a minimum of 8,000 metres (25,000') scheduled to start prior to
the end of May 1997. Further detailed core logging and sampling have
been carried out. Of significance are two samples, one on the Gossan Cap
and one from the Tres Amigos.
Hole Intercept Gold
Zone Type No. (metres) (g/t)
---- ---- ---- --------- -----
Gossan Cap Bulk n/a 10 11.2
Tres Amigos Core 13 3 13.5
The drill intercept in hole no. 13 increases the length of the
previously reported zone from 18.5 metres of 14.2 g/t to 21.5 metres of
14.02 g/t. The company will engage an independent professional engineer
to aid company personnel in executing the next phase program as well as
monitor exploration and sample handling procedures. The independent
engineer will be based on site in San Jose de Gracia. Results from the
next phase of exploration and other events material to the company will
be promptly reported as they become available. In light of recent events
elsewhere, the company wishes to describe its core and sample handling
and assay procedures. The core is extracted from the core barrel and
placed in plastic core trays in the order drilled. Each core run is
marked with a footage (meterage) tag. The core boxes are then taken from
the drill site to the company's core handling facility where it is
logged by company geologists. The geologists mark the core intervals to
be sampled. The core is sawn in half lengthwise using a diamond blade
saw under forced water for cooling and decontamination. Half the core is
placed in heavy duty plastic bags with an identification tag placed
within. The bags are then sealed and placed within a larger fabric bag.
When full, the larger bags are sealed. The other half of the core is
retained in the original core trays for future reference. The large bags
are shipped by company truck from the property to the company's office
in Guamuchil where they are maintained in secure storage until pick up.
The samples are picked up by Intertek Testing Services, Bondar Clegg and
taken to that independent firm's preparation laboratory in Hermasillo.
The samples are then dried and crushed. The assay portion is placed in
Kraft bags marked with the assay number and shipped by air to Bondar
Clegg's Vancouver lab. Gold is analyzed by fire assay, other elements by
atomic absorption. The portion not used for assay is retained in
Hermasillo for subsequent check assays. |
