HM Exploration Discovers New Blind Massive Sulphide Lens at Lewis Pilley's Project

Executive Summary

• HM Exploration Corp. completed three additional drill holes (PI-26-006, PI-26-007, and PI-26-008) at its Lewis Pilley's Project in Newfoundland, adding 544.27 meters to the phase one program for a total of 1,632.27 meters drilled against a planned minimum of 2,500 meters.
• The drilling successfully intersected massive sulphide mineralization, including a new "blind" discovery of a lower sulphide lens at approximately 155 meters depth in Hole PI-26-007, supporting the interpretation of a vertically extensive Volcanogenic Massive Sulphide (VMS) system.
• Assay results are currently pending; however, visual observations confirm significant intervals of massive, semi-massive, and disseminated sulphide mineralization across all three holes, with core samples submitted to Eastern Analytical Ltd. for laboratory analysis.

Key Details

• Drilling Progress:
  • Three new holes completed: PI-26-006, PI-26-007, and PI-26-008.
  • Additional meterage: 544.27 meters.
  • Total phase one meterage: 1,632.27 meters (Target: 2,500 meters).
• Hole PI-26-006:
  • Intercepted massive sulphide from 11.43m to 13.62m downhole (2.19m length).
  • Described as matrix-dominated debris flow with fragments of massive sulphide (Py + Cpy ± Sph ± Gn).
• Hole PI-26-007:
  • Intercepted massive sulphide from 7.00m to 28.00m downhole (21.00m length).
  • Intercepted massive sulphide from 176.85m to 179.00m downhole (2.15m length).
  • New Discovery: Identified a new lower mineralized sulphide lens at ~155m depth (specifically 155.31m - 155.97m, 0.66m length), which was previously undiscovered.
  • The lower lens appears more massive than the upper lens, potentially assisting in vectoring toward source vents.
• Hole PI-26-008:
  • Intercepted massive sulphide from 15.00m to 28.00m downhole (13.00m length).
  • Intercepted massive sulphide from 163.45m to 170.22m downhole (6.77m length).
  • Visual descriptions indicate clast-dominated debris zones and matrix-dominated debris flows containing massive sulphide clasts.
• Geological Interpretation:
  • The discovery of a second sulphide lens below the previously recognized upper debris-flow horizon supports the interpretation of a vertically extensive VMS system.
  • Mineralization is typical bimodal-felsic VMS, analogous to the historic Buchans camp.
  • The system remains open along strike and at depth.
• QA/QC and Laboratory:
  • Samples shipped to Eastern Analytical Ltd. (ISO/IEC 17025 accredited).
  • Analytical methods include ICP-OES (34 element), Au Fire Assay (30g) with AA finish, and Ore Grade Assay.
  • Assay results are pending.

Notable Quotes

• "While we were expecting to see significant mineralization below the exposed massive sulphide horizon at the Clifford Jones trench, the intersection of the lower-lens came as a welcomed new exciting discovery" — Nick Ryan, Chief Geologist, HM Exploration Corp.
• "The discovery of a second mineralized lens demonstrates that the system is more extensive than previously recognized and supports the potential for multiple stacked sulphide horizons." — Nick Ryan, Chief Geologist, HM Exploration Corp.