USA-focused diversified explorer, Hawkstone Mining Limited has announced spectacular high-grade results from the Devil’s Canyon Gold Project in Nevada, USA.
The results follow the completion of further rock sampling, structural mapping and airborne UAV (drone) magnetics at the project, which is located in the highly prolific Carlin trend that has produced in excess of 195 million ounces of gold.
A total of 37 rocks samples (DC015-52) were collected as both outcrop and float, focused on extending areas of known mineralisation together with reconnaissance prospecting along prospective trends and targets identified from previous sampling and geological interpretations.
Anomalous rock samples were recorded from several areas with peak results of 191.5 grams per tonne (g/t) of gold, 524 g/t silver and 10.25 per cent copper.
The airborne UAV magnetic survey was completed over the project area by independent US-based contractors. The survey highlighted the presence of magnetic highs related to possible magnetite rich intrusives, alteration zones or skarns.
The company advised that significant magnetic lows are also presentm possibly representing areas of magnetic destruction.
It noted that the original photogeological/structural interpretation fits closely with the magnetics demonstrating the continuation of structures not recognised on the satellite imagery.
Initial processing of the magnetic survey data was completed by Resource Potentials Ltd. The data is presently being interpreted and modelled in conjunction with the previous photogeological structural interpretation and available geochemistry.
Hawkstone Managing Director, Paul Lloyd, commented that these highly encouraging rock sample assay results from the project further confirm and extend mineralised areas identified from previous work, which when combined with the recently completed aeromagnetic survey data, show several areas for high priority follow-up.
“These high-grade results reinforce our business model of exploring for world-class gold deposits in the Western United States adjacent to large gold resources or producing gold mines. This is in addition to our Big Sandy Sedimentary Lithium Project in Arizona that remains the company’s primary focus. This diversification ensures that the company is flexible and provides shareholders with the maximum potential return,” Mr Lloyd said.
Hawkstone states that drilling work is continuing with the maiden drilling program at Devil’s Canyon planned for the 2021 USA northern field season.
The full announcement can be found here.