Hawkstone holds 100% equity in advanced Lone Pine gold exploration project that was last mined in 1907.
Non-JORC compliant, mineral resource estimate of 71,128 ounces Au (122,600 tons @ 18.06 g/t Au)[1].
Maiden drilling program confirmed the high grade and excellent geological continuity of the Lone Pine quartz vein zone with significant results including:
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.
In December 2020, results from rock chip samples to 24.7 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
Acquired the adjoining historical King Solomon Mine (KSM), located 900m south east of the Lone Pine Vein Zone from Jervois Mining Ltd, consolidating the Company’s land holding in the Lone Pine area, Idaho, USA.
An additional 18 claims being staked which will increase the project area to 20.23 km2 totalling 272 claims.
[1] Hawkstone Mining Announcement, 3 February 2020, ACQUISTION OF HISTORICAL HIGH-GRADE LONE PINE PROJECT
Western Desert Gold Project
Hawkstone holds 100% equity in Western Desert Gold Copper exploration project located in Western Utah, United States.
Within the same geological terrain that hosts the Carlin, Cortez gold trends and Long Canyon gold mine.
Mineralisation consists of skarn style Gold-Copper-Silver mineralisation within altered carbonate – sandy carbonate and felsic rocks proximal to monzonitic intrusive.
Consists of 218 claims and 3 state leases covering 25 km2 located north of Wendover, Utah.
Rock chip sampling of outcropping mineralisation and old workings over the Project area returned high grade results including:
Gold (Au) to 6.92 g/t
Copper (Cu) to 5.09%
Silver (Ag) to 1,495 g/t
Lead (Pb) to >20%
Devil’s Canyon Gold Project
Hawkstone holds 100% equity in Devil’s Canyon Gold Project located in Nevada in the Carlin trend.
Consists of 90 claims covering 7 km2 lying 20km west of the Kinross Bald Mountain Gold Mine (5.9Moz Au) in the prolific Carlin Gold Trend2.
Fifteen rock samples taken as part of due diligence returned highly encouraging assay results with peak grades of 16.05% Cu, 173 g/t Ag and 2.65 g/t Au.
Rock chip sampling at 2 locations in Target 1 by the Vendor and analysed by Hawkstone returned results including2:
Gold to 92.2 g/t
Silver to 59.2 g/t
Copper to 1.23%
Drill targeting is continuing with drilling planned for Q2 2021.
Big Sandy Lithium Project
Total Indicated and Inferred Resources of 32.5 Million Tonnes (Mt) grading 1,850 parts per million (ppm) Li or 320,800 tonnes Lithium Carbonate Equivalent (LCE).
Only 4% of the 100% owned 25km² Big Sandy Project drilled.
High grade zone of the JORC Resource comprises 49% of the resource at 2,380ppm with a cut off of 2,000 ppm.
The Company has recently appointed consultants to test the ore with the aim of producing battery grade Lithium. These results are expected Q1 2021.
Planned exploration in 2021 includes;
Bench scale testing to determine the most efficient processing route
Extraction of a bulk sample for test work
Design and construction of a pilot plant to test processing at a more substantial scale
Engineering and economic modelling together with infrastructure trade off studies
Further drilling with the aim of increasing the JORC resource
Located in the southwest corner of the state of New Mexico and is easily accessed along the I10 Interstate between Tucson (Arizona) and La Cruces (New Mexico) close to the New Mexico, Arizona border.
