New drilling and rock analysis at Hemis Corporation’s (HMSO.OB) El Tigre Project in Mexico has uncovered a potential molybdenum bonus on the property.
Hemis initially considered El Tigre to be strictly a gold target. However, several lines of evidence suggest that additional exploration for the mineral molybdenum porphyry is warranted at El Tigre.
In addition to the strong possibility of molybdenum bearing-veins on the La Centela concessions, multiple granite and rhyolite intrusions support the possible existence of a molybdenum porphyry system.
Evidence for this was noted in drill hole two where inclusions of rhyolite porphyry occur in granite. Normally granite would lie deeper and be older than the rhyolite. Also, the granite is extensively fractured with pyrite covering the fracture surfaces. It is hoped that molybdenite will replace the pyrite at depth.
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