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Hawkmoon Resources Corp
Symbol HM
Shares Issued 75,668,837
Close 2022-11-23 C$ 0.02
Recent Sedar Documents

Hawkmoon drills one m of 13.9 g/t Au at Wilson

2022-11-24 09:33 ET - News Release

Mr. Branden Haynes reports

HAWKMOON CONTINUES TO EXTEND GOLD ZONES WITH DEEP HOLES AT WILSON

Hawkmoon Resources Corp. has received assay results for the final five drill holes from its 2022 10-hole drill program on the Wilson gold project. The property is situated approximately 15 kilometres east of the town of Lebel-sur-Quevillon, Que., and 170 kilometres northeast of the city of Val d'Or, Que., in the Abitibi greenstone belt.

Highlights:

  • Holes HMW 22-32 and HMW 22-33 were drilled parallel to each other. Both of these 450-metre-long holes intersected gold at depth in the Toussaint zone.
  • HMW 22-32 had a high-grade deep intercept. The core of this four-metre-thick zone assayed 13.9 grams per tonne gold over one metre (230 to 231 metres downhole).
  • Hole HMW 22-33 laterally extended a pre-existing gold intercept (WIL-17-04). One metre of this two-metre intercept assayed 3.40 g/t Au over one metre (363 to 364 metres downhole).
  • Extending shallower gold zones to depth is of critical importance.
  • Extending shallower zones at depth creates additional tonnage potential at Wilson. The Toussaint mineralized gold system remains open at depth and to the southwest.
  • Hole HMW 22-38 was drilled on the north limb of the fold at Wilson. The summer 2022 trenching program, announced by the company in its July 7, 2022, news release, revealed a volcanic tuff which had been moderately altered by silica, sericite and chlorite. This rock also had 2 per cent pyrite, which appeared associated with stockwork quartz veining. This area on the north limb of the fold appears similar to the Toussaint showing on the southern limb of the fold. Hole HMW 22-38 though, with 1.27 g/t Au over one metre (22 to 23 metres downhole), suggests that this area requires more exploration drilling.

The attached table highlights certain gold assays received for the holes. The results represent downhole lengths and not necessarily true widths.

Long section summarizing the diamond drilling completed to date

A total of 164 holes have been drilled on the property between 1956 and the date of this news release. This drilling has defined three significant mineralized areas on the property: the Toussaint, Central and Midrim zones.

Mineralization, setting and style

Mineralization at Wilson is present where a volcanic tuff comes into contact with an intrusion. These intrusions are primarily gabbro in composition. The most prospective areas of the property are along the contacts between volcanic tuffs and intrusions. The rocks at Wilson dip subvertically.

The holes intercepted mineralization typical of Wilson. This mineralization is characterized as a beige to pale grey-coloured volcanic tuff which has been strongly foliated, sheared, fractured and altered. The mineralization is associated with strong silica, sericite and calcite alteration. Ankerite and chlorite alteration are present to a lesser degree. Quartz veins and veinlets are commonly observed in the mineralized zones. Pyrite is the dominant sulphide mineral.

Branden Haynes, chief executive officer of Hawkmoon, states: "We are motivated to continue intercepting gold at significant depths, as well as expanding previously known deep gold zones. Growing the tonnage potential at Wilson is very encouraging to all of us."

About Hawkmoon Resources Corp.

Hawkmoon is focused on junior-stage property acquisitions across Canada. Hawkmoon is focused entirely on its two Quebec gold projects. One of these projects is located in one of the world's largest gold-endowed areas, the Abitibi greenstone belt. The Wilson gold project can be accessed by government-maintained roads and is in close proximity to the east of the town of Lebel-sur-Quevillon. The second project is situated in the Belleterre gold camp southwest of Val d'Or.

Qualified person

The technical information in this news release has been reviewed and approved by Thomas Clarke, PGeo, PrSciNat. Mr. Clarke is a qualified person under National Instrument 43-101 and is a director and the vice-president, exploration, of Hawkmoon.

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