On August 9, 2006 Aspen and Hemis entered into a partnership which detailed that Aspen would provide Hemis with exploration information gathered in and around Cook Inlet, Alaska along with Aspen’s pending Offshore Prospecting Permit applications. In exchange, Aspen has been paid $50,000, and will be paid $50,000 on each anniversary until production is initiated.
The Anchor Gold project is one of Hemis’ premium exploration properties which could bring tremendous revenues to the company. On June 8 of this year, Hemis announced that it began a preliminary oceanographic survey which was planned to utilize a high-precision cesium magnetometer, a fathometer, side-scan sonar, a bottom sampler and a StrataBox. But because of the high waves, neither the StrataBox nor the bottom sampler was used to conduct the survey.
The oceanographic survey indicated a water depth of less then 10 meters in many of the areas of interest. The company stated that the water depth is desirable, and the magnetometer survey confirmed the position and strength of airborne magnetic surveys taken twenty years ago. Dr. Douglas Oliver, Hemis’ chief geologist, stated, “Verifying the off-shore magnetic anomalies is a big step forward in advancing this project.”
Hemis plans to complete the oceanographic survey in July and may expand to take into account new data currently being acquired. The company hopes that the new survey will have both better geographic controls and will resolve smaller scale features.
Let us hear your thoughts below: