Hemlo Explorers Inc. provided an update on its geological mapping and grab sampling program conducted on the eastern side of Project Idaho during the summer of 2023. Project Idaho is located 2-3 km east of the developing Marathon Cu-Pd deposit (Generation Mining Ltd.) in the structurally complex region between the Coldwell Complex and Archean greenstone belt hosting the prolific Hemlo gold mine. Prospecting, mapping, and sampling took place in a north-south grid covering the under-explored eastern side of the project, targeting VTEM anomalies found in 2022 from an airborne geophysical survey.

The team discovered Coldwell Complex-style mafic intrusive gabbroic rocks and collected 90 grab samples, adding to the 312 samples collected in 2022. Samples were analyzed for platinum, palladium, gold, ("Pt, Pd, & Au") and a 60-element suite of elements by both ICP-OES and ICP-MS, depending on concentration. 4 grab samples have a rare-earth-element ("REE") geochemical signature matching that of the Two Duck Lake gabbro within Marathon Pd-Cu deposit; Several pathfinder elements have been identified from the grab samples that are positively correlated to Pt, Pd, Ni, and Cu including Cr, Co, Te, V, Zn, Ag, W, and Au.

The "significant" grab samples and mafic intrusive outcrops combine with the VTEM anomalies to further define a north-south trending zone along the eastern side of the project area, similar and parallel to that of the western zone, which was the subject of Hemlo Explorers' 2023 summer drill program. Full results of the drill program are still pending. Exploration results agree with geological model involving mafic magma containing Pt-Pd-Cu-Ni-bearing sulphide liquid that emanated radially from the Coldwell Complex at various depths.

Magma travelled east along deep-seated faults and was deposited at various stratigraphic horizons along the "footwall" Archean which acted as a "damming" structure. Mineralized gabbroic intrusive rocks are therefore predicted to occur along a north-south trend, similar to the deposition style at the Marathon Pd-Cu Deposit located 2-3 km west. Grab samples were taken from the field, bagged, and tagged in sequence, and combined into rice bags for shipment to Activation Laboratories Ltd. in Thunder Bay, Ontario for analysis.