Hawkstone rock chips identify more gold zones at Lone Pine
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Special Report: Hawkstone is wrapping up 2020 on a high note with rock chip sampling returning results of up to 24.7g/t gold at its Lone Pine project in Idaho.
Importantly, the sampling has confirmed the company’s belief that the area is prospective for multiple gold mineralised zones as part of a larger system after identifying five new zones.
Little wonder then that Hawkstone Mining (ASX:HWK) has consolidated its landholding in the area by staking a further 18 claims, increasing the total area covered by Lone Pine up to 272 claims totalling 20.23sqkm .
“These remaining reconnaissance results confirm our interpretation that the Lone Pine gold project has potential to host multiple gold mineralised zones,” managing director Paul Lloyd.
“Our prospecting work across a number of areas has produced high grade gold results to be followed up, which complement the initial rock chip sample results from areas along strike from Lone Pine and the King Solomon project where results of up to 92.70g/t gold were returned from the old workings.
“Hawkstone is in the process of submitting permits for initial drilling to test these and other areas.”
The company is finalising drill planning and permitting for the 2021 field season at the Lone Pine and King Solomon mineralised zones that will contribute to an initial JORC resource.
Hi, can we please confirm if its 20.23sqkm or 23.83sqkm? The ASX announcement has the former in the highlights and the latter on page 4
Lone Pine is located within a proven gold province given that it is just 16km and 8km east of Revival Gold’s Arnett Creek and Beartrack mines respectively and 5km west of the historical Queen of the Hills mine.
Drilling has already mapped out gold mineralisation at Lone Pine over a strike of 600m with the potential for further growth as it remains open at depth and along strike to the northeast and southwest.
Recent results included 1.91m grading 12.93 grams per tonne (g/t) gold from a depth of 106.9m and 0.86m at 10.39g/t gold from 153.71m, complementing earlier high-grade hits from the Lone Pine quartz vein.
Hawkstone has previously noted that future drilling at Lone Pine will focus on depth and strike extensions to the mineralised vein whilst the first pass drilling at King Solomon will be carried out proximal to old workings and historical reverse circulation drilling.
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.