Halcones Precious Metals Announces Commencement of Drilling at Carachapampa Project in Chile

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[{"type":"text","content":" TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to announce that drilling activity has begun at the Carachapampa project in Chile (the “Project”). The drill was mobilized to the Project over the past 7 days and the first drill hole of the 2,000 m exploration program was collared on February 5th, 2023. The Carachapampa project is 180 km from Copiapo by way of paved and sealed roads which are traversable 12 months of the year. As previously announced (please see the Company’s January 26, 2023 press release), this drill program is designed as follow-up to the successful field exploration program recently completed by the Halcones exploration team focused on two target areas, the Central target and Northwest target. The target areas have many of the attributes associated with high sulphidation epithermal deposits (“HSE”), including high-grade surface mineralization over a broad area, appropriate geophysical signature and in a proven geologic environment for HSE occurrence. Multiple high grade surface samples were collected during the recent fieldwork campaign. Surface sampling from the Central Target returned values ranging from 1.43 g/t gold to 18.5 g/t gold over an area of 500 m on the flank of the newly discovered volcanic dome. A similar surface sampling program at the Northwest Target over a 600 m area returned values ranging from 0.54 g/t gold to 2.5 g/t gold. Figure 1: 2,000 meters of drilling has been budgeted to evaluate two target areas, the Central Zone Target, and the Northwest Target, where field mapping and sampling has highlighted the presence of high-grade gold and silver mineralization in outcrop over extensive areas. The prospect is located approximately 180 km northeast of the city of Copiapo, which is one of the main mining centers in Chile. About the Drill Program The initial drill contract is for 2,000 m of drilling on the two targets. Planned holes are short in length to test areas immediately below the outcrop samples. The Project area is covered with a thin veneer of younger volcanics with few outcrop windows. The ongoing drill program is also designed to improve the understanding of the underlying geology and confirm the interpretation of controlling structures. Figure 2:   Map showing the distribution of mineralize...

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