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04 Aug 2026, 07:10 UTC · 2h ago
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HM Exploration reported high-grade polymetallic assay results from the Lewis Pilley's Project, including intervals of up to 8.14% copper and 27.3% zinc. — Strong drill results in base and precious metals typically drive significant upward price movement for junior exploration stocks.
+0.70The project's upper lens has been extended to 145 metres and the lower lens to 40 metres, with both remaining open along strike and down dip. — Demonstrated continuity and the potential for expansion increase the likelihood of a larger discoverable resource.
+0.50The company has identified multiple stacked sulphide lenses within a Volcanogenic Massive Sulphide (VMS) system. — The presence of stacked lenses suggests a more complex and potentially larger mineralized system than a single vein.
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Drill holes eleven and twelve did not intersect notable mineralization, though they showed some disseminated mineralization. — Lack of significant hits in two holes suggests the boundaries of the current mineralized zone are being reached, tempering the bullishness of the other results.
-0.20The company is proceeding with EM surveys to refine targets for its Phase Two drilling program. — Ongoing exploration activity maintains investor interest, though it is a standard operational step.
+0.20Which stocks this story touches
The company announced positive assay results from a drilling program showing consistent polymetallic grades and potential for system expansion.
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