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GG Giglio Group

0.398
-0.004 (-1.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Giglio Group BIT:GG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.004 -1.00% 0.398 0.382 0.402 0.412 0.382 0.402 293,100 16:40:00

Hemis Alaska Gold Exploration Program Initiated

08/06/2007 11:30am

PR Newswire (US)


Giglio (BIT:GG)
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LAS VEGAS, June 8 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: HMSO; Frankfurt: XZA) Hemis Corporation is an international resource company with three 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 Goldcorp's Mexican subsidiary Glamis Exploration. The Anchor Gold project is in the Cook Inlet of Alaska and is one of Hemis' premium exploration properties. It is believed that due to the size of the project area, it could have great potential. A preliminary oceanographic survey was begun last week on the Anchor Gold project. On board instrumentation included a high-precision cesium magnometer, a fathometer, side-scan sonar and a StrataBox(R). The StrataBox is an instrument capable of imaging through sediments up to 40 meters thick. The survey boat used a GPS control system and also had a bottom sampler on board. This survey was intended to both confirm the results of Aspen Exploration's previous work and to provide baseline information for a drilling program planned for later in the 2007 exploration season. The oceanographic survey indicated that the water depth in the area of interest was less than 10 meters in many of the areas of interest. This is an ideal water depth from the standpoint of future exploration. The magnetometer survey confirmed the position and strength of airborne magnetic surveys taken twenty years ago by Aspen Exploration. Dr. Douglas Oliver, the chief geologist for Hemis Corporation, commented that this was a primary goal of the program. "Magnetite and gold often occur together in placer deposits because of their density. Verifying the off-shore magnetic anomalies is a big step forward in advancing this project," Dr. Oliver stated. Due to high waves at the time, it was not yet possible to use the StrataBox or the bottom sampler. The oceanographic survey will be concluded in July and may be expanded to take into account new data currently being acquired. In other developments, Earthfield Technology has finished processing new aeromagnetic data purchased from Fugro Airborne Systems. This data supersedes the original survey taken by Aspen Exploration. It is hoped that the new survey will have both better geographic controls and will resolve smaller scale features. Negotiations are also ongoing with contractors for the late summer drilling program. 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 a proven track record. 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 +41 43 355 0228 President http://www.hemiscorporation.com/ Hudson Capital, 1-604-662-3910 Investor Relations http://www.hudsoncapital.ca/ DATASOURCE: Hemis Corporation CONTACT: Norman Meier, President of Hemis Corporation, +41 43 355 0228; or Hudson Capital Investor Relations, +1-604-662-3910, for Hemis Corporation; or Nick Iyer of Digital Wall Street, Inc., 1-800-4-WALL-ST, for Hemis Corporation Web site: http://www.hemiscorporation.com/ http://www.hudsoncapital.ca/

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