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HM Exploration Expands Lewis Pilley's Project; Shares up 6.8%

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HM Exploration (HM.CN) on Moanday said iot expanded its land position through the staking of additional mineral tenure at the company's Lewis Pilley's Project in Newfoundland.

The new tenure consists of 67 mineral claims encompassing an additional 17 square kilometers and connects the northern and southern claim blocks, resulting in HM controlling the entirety of Pilley's Island.

The new tenure increases total land position at the Lewis Project to around 60.25 square kilometers, said the company.

It also noted diamond drilling continues at Clifford Jones Zone for a minimum of 2,500 meters.

"This marks the first time in recent history that the entirety of Pilley's Island has been consolidated under a single company," said chief executive Nick Rodway. "With district-scale control now in place, we are focused on unlocking additional VMS-style targets across the property while continuing to aggressively drill the Clifford Jones Zone, where several compelling targets have remained untested for years. We look forward to providing further updates as drilling progresses."

Shares of the company were last seen up $0.03 to $0.47 on the Canadian Securities Exchange.

Price: $0.47, Change: $+0.03, Percent Change: +6.82%

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