Hemlo Mining Expands High-Grade Gold Mineralization at South-Rim Zone — Hemlo Mining Corp.

Event summary

Hemlo Mining Corp. reported high-grade gold intercepts of 89.9 g/t Au over 3.0 meters at its South-Rim Zone, adjacent to the active C-Zone mining area.
The 2026 drilling program has demonstrated approximately 500 meters of high-grade mineralization within the 1.5-kilometer South-Rim Zone, with an additional 1 kilometer remaining to be tested.
South-Rim lies only 50 to 150 meters from existing underground infrastructure, providing a potential pathway for near-term, low-capital resource growth.
The company plans to continue drilling through the fourth quarter of 2026 and into 2027 to further define the South-Rim shoot and evaluate the broader South-Rim structural corridor.
Martin Rioux was appointed as Vice President, Human Resources, effective immediately.

The big picture

Hemlo Mining's discovery of high-grade gold mineralization at the South-Rim Zone represents a significant near-mine growth opportunity, potentially extending the life of the Hemlo Gold Mine. The proximity of South-Rim to existing infrastructure reduces the capital and time required for development, aligning with the company's strategy of maximizing value through production growth and mine life extension. This development comes amid a broader industry focus on resource expansion and operational efficiency in the gold mining sector.

What we're watching

Resource Expansion: Whether the South-Rim Zone can sustain high-grade mineralization over the remaining 1 kilometer of the interpreted 1.5-kilometer zone.
Capital Efficiency: The pace at which Hemlo Mining can leverage existing underground infrastructure to advance South-Rim toward production, reducing capital costs and lead time.
Market Impact: How the potential addition of South-Rim mineralization to future resource estimates will affect Hemlo Mining's valuation and investor sentiment.