Hawkstone lining up its ducks at Devil’s Canyon gold project

Special Report: Hawkstone has identified seven priority targets at its new Devil’s Canyon project that is near the 5.9Moz Bald Mountain and 1.6Moz Ruby Hill gold mines.

Previous rock chip sampling by the vendor has already returned top results of 92.2 grams per tonne (g/t) gold, 59.2g/t silver and 1.23 per cent copper.

Hawkstone Mining (ASX:HWK) managing director Paul Lloyd notes that the Devil’s Canyon project in Nevada has ‘excellent’ potential to host gold mineralisation similar in style to that found at Bald Mountain about 20km to the east and Ruby Hill 40km to the south.

“The highly encouraging results of the interpretation and targeting have led to mobilisation of a team to complete geological mapping and sampling on the target areas, soil geochemistry over the entire project area and the engagement of a geophysical contractor to complete a drone magnetic survey,” he added.

“We continue to explore company making projects in an area that is host to world class gold deposits, and look forward to reporting the results of exploration going forward on the Devil’s Canyon Gold Project, further drill results from Lone Pine Gold Project in Idaho, and ongoing exploration at our Western Desert Gold Project.”

Gold targets

Hawkstone secured the option to acquire Devil’s Canyon, which comprises six Bureau of Land Management claims within the highly prolific Carlin trend that has produced more than 195 million oz of gold to date, earlier this month.

A further 90 claims have been staked by the company.

Photogeological and structural interpretation of the project has now identified seven priority targets, the first of which includes the high-grade rock samples by the vendor.

Results are currently pending from a due diligence rock chip sampling program completed prior to the interpretation.

Further geological mapping, rock chip sampling over the targets as well as a project wide soil geochemical program and drone magnetics are planned to be completed by the end of the present quarter.

This will pave the way for the start of drilling in the first or second quarter in 2021.

Other activity

Hawkstone is also waiting on final results from the recently completed maiden drilling program at its flagship Lone Pine project.

Top hits from the first seven holes include 1.22m at 17.02g/t gold, 0.45m at 19.6g/t gold and 2.63m at 7.06g/t gold.

Lone Pine was acquired by Hawkstone in February and the drilling is aimed partly at bringing its non-JORC resource of 71,178oz of gold grading over 18g/t gold up to JORC standards – a must-have for ASX-listed explorers.

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.