LAS VEGAS, May 22 /PRNewswire-FirstCall/ -- Hemis Corporation (OTC Bulletin Board: HMSO; Frankfurt: XZA) is an international resource company with several advanced stage exploration properties in Mexico and a project in Cook Inlet, Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with Goldcorp Inc. (TSX: G) through Goldcorp's Mexican subsidiary Glamis Exploration.
Hemis is pleased to announce that it has 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 mountainous and has an elevation of 1600 m.
The terms for the agreement with Electrum Capital, Inc. are as follows: Hemis has the option to acquire up to 75% of the properties by spending $2 million on exploration and making cash payments of $1,500,000 over the next four years.
Acquiring the La Centela concessions are an important strategic move for Hemis. Zones of gold-bearing breccias extend from El Tigre into La Centela and additional land will be needed in the event the El Tigre project enters a production phase. This acquisition has made Hemis the largest concessionaire in the area.
Dr. Douglas Oliver, Chief Geologist for the Company states "The La Centela acquisition is a positive advancement for the Company as the potentially economic grades found at surface on El Tigre continue into the La Centela property".
Dr. Oliver is currently overseeing Hemis' 2007 spring and summer advanced stage exploration and drill programs in Mexico.
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 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.
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 the Company's filings with the Securities and Exchange Commission.
Hemis Corporation
Norman Meier +0141 43 355 0228
President
http://www.hemiscorporation.com/
Hudson Capital, 1-604-662-3910
Investor Relations
http://www.hudsoncapital.ca/
