HM Exploration Acquires Lewis Copper Tenure to Expand Pilley's Island VMS District in Newfoundland
HM Exploration Corp. has entered a property option agreement to acquire a 100% interest in the Lewis Copper VMS Tenure in Newfoundland, Canada. This acquisition expands the Pilley's Island land package to 42 km².
Historic drilling has indicated significant mineralization, including 1.84% copper over 16.7 meters. HM plans to initiate a diamond drill program in 2026, pending necessary permits. The Tenure includes a cluster of VMS systems with strong geological parallels to the Buchans camp, which supports its exploration potential. The agreement includes share issuances and a minimum of $1.5 million in exploration expenditures to be incurred by specified deadlines.
