Hawkstone Mining’s high grade Lone Pine gold project just got bigger
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Special Report: Maiden drilling results from Hawkstone Mining’s Lone Pine gold project are due within weeks, while rock sampling adds 120m to the project’s gold-bearing vein zone.
The advanced Lone Pine project, acquired by Hawkstone in February, comes with a non-compliant JORC resource estimate of 71,178oz grading over 18 grams per tonne (g/t) based on historical work done in 1935.
But the project had never been drilled, until now.
Hawkstone started its maiden drilling campaign for Lone Pine in June, with results from the first two diamond holes now expected in August.
These two drill holes were spaced 100m along the Lone Pine gold vein and were designed to intercept the zone at a depth of less than 50m.
“We are eagerly awaiting results from the first two diamond drill holes and channel sampling from the two trenches, with further holes currently being drilled,” Hawkstone Mining managing director Paul Lloyd says.
Meanwhile, rock chip sampling from an old prospecting pit at Lone Pine has also enabled Hawkstone to trace the extent of the Lone Pine vein zone for a further 120m to a total strike length of 600m.
Five rock chip samples returned results grading up to 16.25 grams per tonne of gold in an old prospecting pit, 120m away from the known Lone Pine vein zone.
The 16.25 g/t gold sample was returned from a shallow historic exploration pit or trench located northeast along a strike of old mine workings at Lone Pine.
As announced on 9 July, Hawkstone is currently reviewing activities at Lone Pine with the aim of increasing exploration following the exercise of 147.5 million existing unlisted options to raise $1.77 million (before costs) in working capital.