Business
Hawkmoon Resources Acquires the Lava Gold Property in the Belleterre Gold Camp, Quebec
VANCOUVER, British Columbia / May 26, 2021 / Business Wire / Hawkmoon Resources Corp. (CSE:HM) (“Hawkmoon” or the “Company”) has signed an option agreement to a
About this update from Earthwise Minerals Corp
[{"type":"text","content":"VANCOUVER, British Columbia / May 26, 2021 / Business Wire / Hawkmoon Resources Corp. (CSE:HM) (“Hawkmoon” or the “Company”) has signed an option agreement to acquire a 100% interest in the Lava gold property (“Lava” or the “Property”) from two arms-length vendors (the “Vendors”). The Property is comprised of 41 mineral claims totaling approximately 2061 hectares. The Property is situated in the Latulipe-et-Gaboury Township of Western Québec, 15 kilometres east of the village of Belleterre and 105 kilometres northeast of the city of Val d’Or. Gold Showings and Mineralization The Property covers the Lavallée number 38, 39, 40 and 41 gold showings (the “Showings”). The Showings are a series of gold-bearing quartz-carbonate veins (the “Veins”) which often contain sulphide minerals (“Sulphides”). Gold can be associated with Sulphides in the Belleterre area. The Veins occur within a ten kilometre long, northeast-trending corridor marked by numerous shear zones. This corridor is commonly referred to as the Lavallée Shear Zone (“LSZ”). The LSZ is displays a strong chargeability anomaly as outlined in Figure 1. Shallow drilling in 2007 identified intercepts of 2.16 grams per tonne (“GPT”) gold over 1.5 metres and 2.78 GPT over 1 metre1. These sampling values are “historical estimates” as defined under NI 43-101. The reader is cautioned that a qualified person has not done sufficient work to classify these historical estimates as current resources and Hawkmoon is not treating these historical estimates as a current mineral resource. While these estimates were prepared in accordance with NI 43-101 and the “Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines” in effect at the time, there is no guarantee that they would be consistent with current standards and they should not be regarded as consistent with current standards. The Vendors recently collected six float samples at the number 38 and 39 showings of the LSZ. These samples have gold grades ranging from 0.12 to 3.42 GPT gold as shown in figure 4. These sampling values are “historical estimates” as defined under NI 43-101. The reader is cautioned that a qualified person has not done sufficient work to classify these historical estimates as current resources and Hawkmoon is not treating these historical estima...