Hawkmoon Drills 8.2 meters of 1.61 g/t gold Lava

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Hawkmoon drills 8.2 metres of 1.61 g/t gold at Lava

2022-03-01 09:28 ET – News Release

Mr. Branden Haynes reports


Hawkmoon Resources Corp. has received the final assay results for all 10 drill holes from its 2021 drill program on the Lava gold project. The property is situated approximately 20 kilometres west of the town of Belleterre in the Abitibi-Timiskaming region of Quebec and approximately 110 kilometres southwest of the city of Val d’Or, Que.

Highlights of the holes disclosed in this news release

The program consisted of 10 holes, for a total of 1,005 metres, was completed in November, 2021, and targeted the Lavallee Shear zone (LSZ). The LSZ was drilled over a 400-metre horizontal distance down to a maximum vertical depth of 100 metres. Drilling was based on 2-D modelling of induced polarization and resistivity data from a survey completed in 2007.

Hole LA21-42 intercepted the LSZ and assayed 1.61 grams per tonne (g/t) gold over 8.20 metres.

Seven of 10 holes intercepted positive gold results including assaying up to 16.05 g/t Au in LA21-49 over 0.20 metre. This sample was part of an intercept of 2.43 g/t Au over 1.70 metres.

Mineralization setting and style

The drilling encountered a broad zone of sheared diorite. The LSZ is present within the alteration zone measured 2.7 to 11.8 metres in downhole thickness. The LSZ has been injected with quartz veins that range from 0.1 metre to 2.0 metres in width. Disseminated to semi-massive sulphides occur as bands up to 10 centimetres wide within and along the margins of quartz veins. Gold values within the LSZ reached a maximum of 16.05 g/t Au over 20 centimetres in LA21-49. A higher content of sulphide minerals appears to generally lead to higher gold grades.

The “Highlights of gold assays received for the Lava drill program” table highlights certain gold assays received for the holes. The results represent down hole lengths and not necessarily true widths.

Branden Haynes, president of Hawkmoon, states: “We are pleased with these initial drill results. Applying the 2D-modelling to the previous geophysical data provided high confidence, low cost targeting for the drill program. The gold-bearing intervals intersected by the drilling bear-out this approach which can be applied to other geophysical targets on the Lava property.”

Sampling procedures

The gold results reported in this press release were obtained from core samples delivered in person to Bourlamaque Assay Laboratories Ltd. in Val d’Or, Que., for analysis. One blank and one certified reference material standard were included in every 20-sample batch of samples. The samples were crushed to a minimum 70-per-cent below 1.7-millimetres, riffle split to 250 grams and then pulverized to a minimum 85-per-cent below 75 microns. Sample pulps were analyzed for gold by classic 30-gram fire assay (FA), atomic absorption spectrometry finish with a lower reporting limit of 0.01 g/t Au (Bourlamaque Code AU020-SAA 30-gram). Sample returning over 10 g/t Au were automatically reassayed by FA-gravimetric finish.

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 of exploration of Hawkmoon.

About Hawkmoon Resources Corp.

Hawkmoon is focused entirely on its three Quebec gold projects. Two of these projects are located in one of the world’s largest gold endowed areas, the Abitibi greenstone belt. Both these gold projects are accessed by government-maintained roads and are in close proximity to each other east of the town of Lebel-sur-Quevillon. The third project is situated in the Belleterre Gold Camp southwest of Val d’Or.

For more information, please contact Branden Haynes, Chief Executive Officer and Director, Email: branden@hawkmoonresources.com; Telephone: 604-817-1595

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