VANCOUVER, British Columbia, June 04, 2026 – HM Exploration Corp. (CSE:HM) (FSE:X5H) has provided an update on the initial five holes of its phase one drilling program at the Lewis Pilley’s Project in Newfoundland, Canada. The first five holes, totaling 1,088 metres, are part of a planned minimum 2,500 metres of diamond drilling.
Key Highlights from Drilling
Three of the first five drill holes intersected massive, semi-massive, and disseminated sulphide mineralization. Copper-bearing sulphide-clast debris flow mineralization was successfully intersected, confirming the targeted geological model. Angular chalcopyrite-bearing clasts observed in multiple holes may indicate limited transport from source and proximity to a hydrothermal vent environment. Multiple mineralized intervals were encountered, including 6.27 metres in hole PI-26-001, 8.00 metres in PI-26-002, and 6.98 metres in PI-26-005. Assays are pending, and the company looks forward to providing updates as drilling continues.
CEO Statement
“The goal of our first drill program is to test the VMS-style debris flow mineralization visible at surface,” said Nick Rodway, CEO of HM Exploration Corp. “Three of the first five holes successfully intersected zones of massive, semi-massive and fine-grained disseminated sulphide mineralization, including sizeable angular chalcopyrite-bearing clasts. Surface grab samples from this area have returned values of over 16% copper, and we are encouraged to see similar mineralization now intersected in drilling. The angular nature of the mineralized clasts may indicate relatively limited transport from their source and is consistent with proximity to a hydrothermal vent environment.”
Drilling Details
Drilling focused on evaluating the continuity of the mineralized system below known surface showings and along strike of the Clifford Jones Zone. Visual observations from the initial five holes indicate that the targeted copper-bearing debris flow was successfully intersected, with zones of alteration and massive to semi-massive sulphide mineralization observed in the drill core. Core samples have been submitted to the laboratory for analysis, and assay results will be released once returned.
Mineralized Intervals
- PI-26-001: From 10.74 – 16.56 metres downhole (5.82 metres drilled length); From 51.48 – 57.75 metres downhole (6.27 metres drilled length)
- PI-26-002: From 10.00 – 18.00 metres downhole (8.00 metres drilled length)
- PI-26-005: From 14.00 – 18.00 metres downhole (4.00 metres drilled length); From 34.04 – 41.02 metres downhole (6.98 metres drilled length)
The company continues its drilling program and will provide further updates as results become available.
