Vancouver, British Columbia--(January 24, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2023.

 

Corporate Update

 

Over the past year Hemisphere has achieved a number of significant corporate milestones, including the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. These financial and operational accomplishments in 2022 have set the Company on firm footing for continued growth and success in 2023.

 

Last year, Hemisphere's annual production increased by 55% over that of 2021 to a record 2,825 boe/d (99% Heavy Oil). This was below guidance by 6% due to a number of factors that included unplanned facility outages in August and October, and extreme weather-related production downtime in December. Production was also lost from two producers that were shut-in for injector conversion during the latter half of the year.

 

Since the start of the new year Hemisphere's production has averaged approximately 3,200 boe/d (99% Heavy Oil, based on field estimates between Jan 1st - Jan 22nd). This number includes one week of production from two new Atlee F pool wells that Hemisphere drilled in December. Initial production from the new wells is encouraging and will continue to be optimized over the coming weeks. During the year it is expected that one of these wells will be converted to an injector for the pool.

Montreal, Quebec--(January 23, 2023) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce updated results on continued expansion and definition drilling of the High Grade Zone ("HGZ") on the Perron project in the Abitibi region of Quebec. Today's results include intercepts from both the eastern and western portions of the system and are focused on defining less understood areas as well as testing the strike and depth extensions of the zone. See Figure 1 for a map of the Eastern Gold Zone area of Perron, Figure 2 for a longitudinal section of the HGZ including the location of today's holes, Table 1 for a list of all results, and Table 2 for location information of the drill holes.

 

Today's highlight results (in core length) include:

 

PE-22-535: 75.81 g/t Au over 4.85 m at a vertical depth of ~750 m

          Including: 193.79 g/t Au over 1.00 m

          And including: 235.87 g/t Au over 0.50 m

          And including: 77.12 g/t Au over 0.50 m

 

PE-22-524W5: 7.40 g/t Au over 14.80 m at a vertical depth of ~1200 m

          Including: 152.22 g/t Au over 0.50 m

 

PE-22-524W6: 24.34 g/t Au over 3.85 m at a vertical depth of ~1210 m

          Including: 76.38 g/t Au over 1.20 m

 

PE-22-524W7: 45.66 g/t Au over 1.80 m at a vertical depth of ~1190 m

VANCOUVER, BC / January 23, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to provide results for the final three 2022 core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The 2022 drill program successfully expanded the high-grade gold mineralized footprint at the Hinge Target, Gap Zone, and eastern expansion target areas. To date, the eleven holes drilled into the Hinge Target have had a hit rate of nearly 55% above the Eau Claire underground measured and indicated resource grade of 6.3 g/t gold and over 80% above the underground cut-off grade of 2.5 g/t gold. Collectively, these results have provided a clear focus for deposit expansion moving forward into 2023.

 

Drill hole 22EC-059 was drilled oblique to all other drilling at the Hinge Target (at an angle of 150 degrees) and provides confirmation of the current geological interpretation. The hole intercepted eight zones of gold mineralization across 350 metres (m) drilled width including 1.50m of 22.77 g/t gold, 1.50m of 15.30 g/t gold and 1.50m of 6.46 g/t gold (Table 1). The reported intercepts extend the gold mineralization and represent a 100m offset to the west and 150m vertical offset of the defined shallow 850 Zone within the Hinge Target. Notably, the reported intercept of 1.50m of 22.77 g/t gold at a downhole depth of 181.5m, approximately 155m below surface, is one of the shallowest high-grade intercepts to date within the Hinge Target zone.

Highlights

 

Significant Drill Intercepts

 

The widest, highest grade lithium drill intercept returned to date at the CV5 Pegmatite – drill hole CV22-083

156.9 m at 2.12% Li2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083)
 

Drill hole CV22-083 continues to extend mineralization eastwardly at the CV5 Pegmatite, and is interpreted to have intersected part of a large, high-grade ‘zone’ within the overall pegmatite that now has been defined by several drill holes, including CV22-017, 042, 066, and 083 over a strike length of at least 250 m

Extension of the high-grade zone eastwardly to be tested with the first series of drill holes as part of the 2023 winter drill program
 

Additional significant drill intercepts in the most recent results follow;

45.3 m at 1.72% Li2O (205.8 m to 251.0 m), including 31.0 m at 2.11% Li2O (CV22-069)

31.2 m at 1.95% Li2O (163.0 m to 194.2 m), including 9.0 m at 2.78% Li2O (CV22-070)

49.5 m at 1.33% Li2O (80.6 m to 130.1 m) (CV22-080)

41.3 m at 1.01% Li2O (96.5 m to 137.7 m), including 12.0 m at 1.59% Li2O (CV22-075)