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Hawkstone Mining Limited

LONE PINE GLONE PINE GOLD PROJECT EXPLORATION UPDATEOLD PROJECT EXPLORATION UPDATE

US focused gold explorer, Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, “the Company”) is pleased to update shareholders on the exploration program at its 100% owned Lone Pine Gold Project (“Project”) located in Idaho, USA. As announced on 18 June 2020, following the commencement of a maiden drill program, diamond holes LPDD01 and LPDD02 have been completed with samples dispatched and results expected within 4 weeks.


Highlights:

  • Diamond drill holes LPDD01 and LPDD02 at the Lone Pine Gold Project have been completed with samples dispatched and results expected within 4 weeks.  

  • Assay result of 16.25 g/t Au returned in rock chip sample from old shallow prospecting pit 120m along strike of the known northeast extent of the Lone Pine vein zone.  

  • The highly anomalous rock chip sample lies within Target T2a identified by photogeological mapping with other identified targets further to the northeast and southeast along the vein zone. Follow-up will commence on the remaining target areas.

  • The Lone Pine vein zone can now be traced over a total strike length of 600m, with further exploration mapping and sampling aimed at extending the strike to the NE and SW.  

  • Due diligence on the King Solomon Mine data is ongoing


As part of the exploration program and the initial scoping of drilling rig access, Hawkstone also collected 5 rock chip samples with 16.25 g/t Au returned from an old prospecting pit 120m northeast of the known northeast extent of the Lone Pine vein zone. The highly anomalous rock chip sample lies within Target T2a identified by photogeological mapping, with other identified targets lying further to the northeast and southeast of the vein zone. Follow-up of the remaining targets areas has commenced.


Hawkstone Mining Managing Director, Paul Lloyd, commented: “The ongoing exploration including drilling continues to enhance the exploration potential of the project. We are eagerly awaiting results from the first 2 diamond drill holes and channel sampling from the 2 trenches, with further holes currently being drilled.”


Photo 1 – Diamond Drill Rig

Photo 2 – Quartz Vein Contact

Figure 1 – Location, Lone Pine Gold Project


For further information please contact:


Jane Morgan Management

Investor and Media Relations 

jm@janemorganmanagement.com.au

+ 61 405 555 618


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