Hemis Announces Joint Venture with Condor Gold Corporation at Anchor
Point
LAS VEGAS (Business Wire EON/PRWEB ) November 26, 2007 --
Hemis Corporation (OTCBB:HMSO) (FWB:XZA) is an international resource
company with three exploration properties in Mexico and one in Alaska.
Hemis is pleased to announce it has entered into a mineral exploration
joint-venture agreement with Condor Gold Corporation, on Hemis’
Anchor Point Gold Project in the Cook Inlet area in Alaska.
Pursuant to the agreement, Condor Gold Corporation may earn a
49%-undivided interest in and to Hemis’ rights
and title to explore and commercialize the Anchor Point Gold Project by
paying USD$2,000,000 to Hemis within 12 months of the agreement. Condor
Gold Corporation may increase its interest to 60% in the Anchor Point
Gold Project by paying a further USD$2,000,000 within 24 months of the
agreement. Hemis will continue to be the operator of the joint-venture.
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 was conducted in June, 2007 on the Anchor
Gold project. On board instrumentation included a high-precision cesium
magnometer, a fathometer, side-scan sonar and a StrataBox®.
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. 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.
Exploration work is active at this time at the Anchor Point Gold Project.
Douglas Oliver, Hemis’ Chief Geologist and COO
states, "We are committed to developing the Anchor Point property in
Alaska. The partnership with Condor Gold Corporation gives Hemis a
strong financial partner that will help advance a highly prospective
area in our portfolio of properties."
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 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, the 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 Hemis’ filings
with the Securities and Exchange Commission.
See the original story at: http://eon.businesswire.com/releases/hemis/anchor/prweb571757.htm
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