Hemlo Explorers Announces Binding Term Sheet for an Earn-In Agreement with Barrick Gold on the Pic Project
TORONTO, April 4, 2022 – Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) with a wholly-owned subsidiary of Barrick Gold Corporation (“Barrick”) whereby Barrick will have the right to earn into 910 claims comprising 16,800 hectares for part of the Pic Project (see Figure 1). The Pic Project is located 25 km west of Barrick’s Hemlo Mine. Both companies will work to complete the due diligence necessary to sign a definitive agreement (the “Definitive Agreement”) by April 30, 2022.
Access to content from the Arctic Knowledge Archives is available to Passport holders only.
Arctic Today is a non-profit organization, supported by donations from readers like you. While we strongly believe in giving free access to current news for all readers, we reserve content older than one year for our supporters. All individual contributions of at least $20/month or $150/year will receive a Passport to the Arctic Knowledge Archives. Help us drive the leading non-profit editorial team dedicated to delivering context, information and analysis about events in the Arctic.
Already have a Passport? Sign in
choose your level of support and unlock your Arctic Passport.
- Monthly
- Annually
- Groups & Institutions
Individual Annual
$150.00
Year
Individual Monthly
$20.00
Month
Individual Monthly
$20.00
0
Individual Yearly
$150.00
0
