VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) — Hawkmoon Resources (CSE:HM) (FSE:966) has released assay results from the last 2 drill holes of its 2021 drill program at the Midrim Index on the Wilson Gold Project. The Wilson Gold Project is located 170 kilometers northeast of Val-d’Or and approximately 25 kilometers southwest of the Company’s Romeo Gold Property.
For more information, please watch the InvestmentPitch Media video which provides additional background on this news and the company as well as video commentary from President and CEO Branden Haynes, who discusses this news and the upcoming drilling program in Quebec. The video can be viewed at “InvestmentPitch.com” and on “Youtube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Hawkmoon” in the search field.
Both properties are located in the mineral-rich Abitibi greenstone belt, an established gold mining district that has produced over 100 mines and 170 million ounces of gold since 1901.
There are a total of 7 gold showings on the Wilson Gold Project, with the Toussaint and Midrim showings being the most important. The Midrim showing is located where a volcanic tuff comes into contact with a gabbro or a dioritic intrusive.
Of the 28 holes completed during the 2021 drilling program, 5 were completed at the Midrim showing. Hawkmoon received the highest gold grade for the program in HMW 21-28 at 83.6 grams per tonne gold per meter. This high-grade sample, a discovery of a new gold zone at Midrim, lies approximately 50 meters south of all previously known gold mineralization at Midrim, extending Midrim to the east. A secondary intercept in HMW 21-28 is located approximately 30 meters southeast of the historic V-1 hole, which previously returned 1.2 meters of 21.70 grams per tonne gold. Hole HMW 21-27 extended a gold zone approximately 30 meters to the east, occurred higher than expected and was located immediately below the casing.
Follow-up work is recommended in this area to examine if this gold zone is thicker by drilling a new hole further north. In addition to the Wilson and Romeo gold properties east of Val-d’Or, the Company’s 2,061 hectare Lava Gold property is located 105 kilometers southwest of Val-d’Or.
The shares are currently trading at $0.09. For more information, visit the company’s website www.HawkmoonResources.comcontact Branden Haynes, President and CEO, at 604-817-1595 or by email at branden@HawkmoonResources.com.
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