Hawkstone Mining Limited (ASX:HWK) is an Australian Securities Exchange (ASX) listed company that holds a diversified US asset portfolio, across Gold, Copper and Lithium. The Company’s three gold projects in Nevada, Idaho and Utah are situated in highly mineralised districts adjacent to large scale producers or existing substantial gold resources.
The Company holds 100% of the historical high grade Lone Pine Gold Project in Idaho, USA, and acquired the adjoining King Solomon Mine (KSM) from Jervois Mining Ltd, consolidating the Company’s land holding in the Lone Pine district.
Hawkstone has assembled a highly experienced management, geological and technical team on the ground in the USA, and is utilising this expertise to advance the Lone Pine Gold Project towards a Maiden JORC Resource. Maiden drilling in 2020 confirmed the high grade and excellent geological continuity of the Lone Pine quartz vein zone with further drilling planned in 2021.
The Company holds a 100% interest the Western Desert Gold and Copper Project in Western Utah, USA, within the same geological terrain that hosts the Carlin Cortez gold trends and Long Canyon gold mine. Hawkstone is aggressively exploring this project with drill targeting underway, and aims to commence drilling early Q2 2021.
Hawkstone recently acquired 100% of the Devil’s Canyon Gold Project located in the highly prolific Carlin trend in Nevada, USA, that has produced in excess of 195 million ounces of gold. Drill targeting work is continuing with drilling planned to commence in Q2 2021.
The Company also holds 100% of the Big Sandy sedimentary lithium project in America’s battery corridor, with a JORC resource of 320,800 tonnes Lithium Carbonate Equivalent. After defining the initial JORC resource the Company has focused on assessing processing routes for the material to produce Lithium carbonate or hydroxide, with testing ongoing.