Precious Metals
Hawkstone’s maiden gold drilling hits the high grades at Lone Pine
Special Report: Hawkstone’s maiden drilling program has firmly established the presence of high-grade gold at its Lone Pine project in … Read More
The post Hawkstone’s maiden gold drilling hits the high grades at Lone Pine appeared first on Stockhead.
Special Report: Hawkstone’s maiden drilling program has firmly established the presence of high-grade gold at its Lone Pine project in Idaho.
Top hits from the first seven holes include 1.22m grading 17.02 grams per tonne (g/t) gold, 0.45m at 19.6g/t gold and 2.63m at 7.06g/t gold while shallow trenching returned high-grades including 9.38g/t gold over 1.83m and 20.32g/t over 0.91m.
Hawkstone Mining (ASX:HWK) said drilling, mapping and trenching to date had demonstrated the excellent geological continuity of the quartz vein zone and that gold mineralisation had now been traced over 600m and remained open to the northeast and southwest along strike.
Managing director Paul Lloyd said the company was pleased with the initial results and while drilling and recovery problems were encountered in the earlier holes, recoveries have improved since it mobilised the larger rig in early August.
“Our geological team are on a steep learning curve as this is the first drilling program on this project,” he added.
“I am confident that the acquired knowledge will greatly assist with this program and our regional ambitions in the Lone Pine area, that is proving to be highly mineralised and demonstrating significant upside potential.”
More gold drilling to come
Over the coming weeks, drilling will continue below four of the initial holes southwest along strike to provide better information on geology and grade.
Assays from the eighth hole have also been dispatched to the lab.
Lone Pine was acquired by Hawkstone in February and has a non-JORC resource of 71,178oz of gold grading over 18g/t gold.
Results to date look set to bring this resource up to JORC standards – a must-have for ASX-listed explorers.
The company has also completed the purchase of the historical King Solomon gold mine that borders Lone Pine.
Both projects are believed to be part of the same mineralised/alteration system, which Hawkstone says provides it with a significant opportunity.
This article was developed in collaboration with Hawkstone Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Hawkstone’s maiden gold drilling hits the high grades at Lone Pine appeared first on Stockhead.
Magna Mining Hits 7 Metres Of 4.2% Nickel
Magna Mining (TSXV: NICU) has released further assays from its ongoing drill program at its Crean Hill property. Recent drill
The post Magna Mining Hits…
The Hard-Asset Inflation / Paper-Asset Deflation Theory
The Hard-Asset Inflation / Paper-Asset Deflation Theory
Authored by Bruce Wilds via Advancing Time,
All fiat currencies are no more than…
Bargain Barrel: Here are 15 uranium explorers under the $50m market cap mark
There’s a lot of crap down the cheap end of the bourse. There are also some absolute gems that, with … Read More
The post Bargain Barrel: Here are…
-
Companies23 hours agoResults of Annual Meeting of Shareholders and Change of Auditors
-
Financing News15 hours agoCopper Fox Announces 2023 Third Quarter Operating and Financial Results
-
Economics20 hours agoThe 7 Most Undervalued S&P 500 Stocks to Buy in September 2023
-
Uncategorized24 hours agoEquity Metals advances Silver Queen project in Skeena Arch region in British Columbia
-
News Releases20 hours agoGoliath Increases Private Placement up to $8,600,000 After Receiving Significant Strategic and Institutional Orders
-
Companies11 hours agoResources Top 5: For its first Oz investment, this Hong Kong group sunk $10m into a NSW gold junior worth… $7m
-
Companies10 hours agoANNOUNCEMENT – Rock Tech Announces Investor Relations Appointment
-
Precious Metals19 hours agoFOMC Leaves Rates Unchanged, Signals Much More Hawkish 2024
