LAS VEGAS, June 5 /PRNewswire-FirstCall/ -- Hemis Corporation (Hemis) (OTC Bulletin Board: HMSO; Frankfurt: XZA) is an international resource company with three advanced stage exploration properties in Mexico and one in Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with Goldcorp Inc. (TSX: G; NYSE: GG) through its Mexican subsidiary Glamis Exploration.
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.
In addition, strong signs of the mineral molybdenite was noted below the mineralized breccias in hole number two. 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.
Samples of the El Tigre drill core are currently being assayed at the ALS Chemex lab in Hermosillo, Mexico. Hemis is expecting the results from the first hole this week with the results of additional holes to be received on a weekly basis going forward.
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 Hemis 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, suggested concentrations in any 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
+41 43 355 0228
President
http://www.hemiscorporation.com/
Hudson Capital
+1-604-662-3910
Investor Relations
http://www.hudsoncapital.ca/
© 2007 PR Newswire
