Lone Pine Gold Project


Hawkstone holds 100% of the historical high grade Lone Pine Gold project in Idaho, USA.  The Company has assembled a highly experienced management, geological and technical team on the ground in the US. Drilling completed during the 2020 field season confirmed the high grade and excellent geological continuity of the Lone Pine quartz vein zone.  Hawkstone plans further drilling during 2021, with the aim of advancing the Lone Pine Gold Project to a Maiden JORC Resource.

Project Highlights

  • Hawkstone holds a 100% interest in the historical high-grade Lone Pine Gold Project.
  • Non-JORC compliant, mineral resource estimate of 71,128 ounces Au (122,600 tons @ 18.06 g/t Au).
  • The Project is located approximately 10km west of Salmon, Idaho, USA and consists of 2 patented claims 16.77 ha surrounded by a further 75 BLM lode claims covering 20 km2.
  • Beartrack Mine, located 8 km west of the Lone Pine Gold Project is presently being explored by TSX listed Revival Gold Inc, with the total resource standing at 3M Oz Au2.
  • Acquired the adjoining historical King Solomon Mine (KSM) from Jervois Mining Ltd, lying 900m south east of the Lone Pine Vein Zone, consolidating the Company’s land holding in the Lone Pine area, Idaho, USA.
  • The Project offers significant financial upside from proof of concept exploration success and the Company’s aim is to develop the Project into a medium to high-grade gold deposit.
  • An additional 18 claims have been staked which will increase the project area to 20.23 km2 totalling 272 claims.

[2] Revival Gold Presentation Oct 5, 2020.

Regional Geology

  • The Lone Pine Gold Project lies in the Trans-Challis Fault System, a broad northeast-trending structural system that has been traced for 300 km across the centre of the state of Idaho. 9 million ounces of gold has been produced from this fault system from 1863-1980, more gold than any other mining locality in Idaho.
  • The Project lies 16km and 8km east respectively of the Arnett Creek and Beartrack Mine, 5km west of the historic Queen of the Hills mine, and 900m NW of the King Solomon Mine.

Location map of Hawkstone’s Lone Pine Gold Project and King Solomon Mine

  • Beartrack produced 600,000 oz Au up to the year 2000 from resources totaling 98 million ounces Au, and was closed due to a declining gold price[1].
  • Arnett Creek and Beartrack are being explored by Revival Gold Inc TSX.V:RVG

[1] Michael Lechner, 2018, Mineral Resources Estimate Beartrack Property, Lemhi County, Idaho, United States

Recent Exploration

  • In June 2020, Hawkstone commenced a maiden drill program at the high-grade Lone Pine Gold Project in Idaho, USA, with the aim of advancing towards a maiden JORC compliant resource at Lone Pine.
  • The drilling program targeted the 71,128 ounce (18.6 g/t) historic, non-JORC gold resource within the well-defined trend of the gold mineralized Lone Pine vein zone.
  • In July 2020, assay results of 16.25 g/t Au were returned in a rock chip sample from old shallow prospecting pit 120m along strike of the known northeast extent of the Lone Pine vein zone.
  • Drilling confirmed the high grade and excellent geological continuity of the quartz vein zone, which was intersected in all holes:
    • 17.02 g/t Au over 1.22m including 65.6 g/t Au over 0.31m
    • 19.6 g/t Au over 0.45m
    • 7.06 g/t Au over 2.63 including 1.37m @ 13.23 g/t Au
    • 12.93 g/t Au over 1.91m, 19.6 g/t Au over 0.45m including 29.7 g/t Au over 0.82m
    • 10.39 g/t Au over 0.86m including 16.95 g/t Au over 0.52m

Quartz Vein Zone – LPDD07, HQ3 Core

  • In December 2020, results to 24.6 g/t Au recorded from five newly identified mineralised zones including:
    • 24.7 g/t Au and 28.1 g/t Ag – quartz vein material
    • 19.6 g/t Au and 12.25 g/t Ag – quartz vein material
    • 19.9 g/t Au and 6.6 g/t Ag – quartz veining
    • 8.15 g/t Au and 8.25 g/t Ag – quartz veining
    • 13.95 g/t Au and 4.54 g/t Ag – located just west of Lone Pine mineralised trend
    • 6.30 g/t Au and 3.03 g/t Ag – old prospecting pit
    • 1.59 g/t Au – quartz veining

Rock sample location map showing new claims in blue, recent sample results in black text and previously reported results in blue text

6.30g/t Au

8.15 g/t Au

19.9 g/t Au

Lone Pine Gold Project Geology

  • Gold mineralisation on the Project is hosted by a quartz veined zone in a northeast-trending, 80 degree westerly dipping, shear in granite near its contact with overlying quartzite.
  • The quartz vein zone has been traced via surface pits and underground drives (Adits 1-6) over a strike length of 480m.
  • The vein is a mesothermal, fissure type consisting of quartz veining and coarse gouge. The gouge is schistose crushed quartz as found in Adit # 5.
  • Sampling has demonstrated the gold to be associated with both the vein and gouge.

Historical Drilling – Lone Pine Gold Project

Project History

  • Gold was discovered on the Project in 1882 with the majority of the development work completed prior to 1907. This included six adits at 30m vertical intervals (levels) up the mountain side and a shallow shaft. A total of 837m of workings including; 714m of drifts, 117m of raises, and a 5.5m shaft were completed.
  • A 10 stamp mill was constructed in 1907 and operated intermittently for six months (Guewilik, 1935)[1]. Company reports are incomplete and an early newspaper (unknown date) reports “…considerable gold bullion….” was mined from this property.
  • Guewilik 1935 estimated a non-JORC resource of 71K ounces Au.

[1] Guewilik, R., 1935, Report on U.P. & Burlington Mine, Company Report

Lone Pine Gold Project – Guewilik 1935 estimated a non-JORC resource of 71K ounces Au.

Next Steps at Lone Pine

  • An application has been made with the Forestry Department for approval of drill sites at both the Lone Pine (within unpatented claims) and King Solomon mineralised zones.
  • Planning is ongoing for additional holes within the patented claims at Lone Pine.
  • Drill contractors are being arranged to ensure that the drilling starts as soon as access is possible.
  • Drilling at Lone Pine will focus on depth and strike extensions to the mineralised vein whilst at King Solomon drilling is planned as a first pass proximal to the old workings and historical RC drill results.
  • An airborne magnetic geophysical survey is planned across the Lone Pine Project in 2021.