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Hanstone Gold Announces Results of UAV Magnetic Survey Outlining Numerous Potential Additional Targets
VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- Hanstone Gold Corp. (TSX.V: HANS, FSE: HGO) (“Hanstone” or the “Company”) is pleased to provide
About this update from Hanstone Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- Hanstone Gold Corp. (TSX.V: HANS, FSE: HGO) (“Hanstone” or the “Company”) is pleased to provide a summary of the results from the UAV Magnetic Survey (the “mag survey”) undertaken on its flagship Doc Property, located within 2km of the Kyba Red Line in British Columbia’s prolific mining district known as the Golden Triangle. The survey resulted in the generation of several additional potential drill targets for the planned 2021 drill program. Two of the magnetic low anomalies, coincidental with previously known historically drilled mineralized structures, were verified with significant gold intersections during the 2020 large diameter core drill program (see December 3, 2020 Company News Release). Kyba Red Line: “World-class porphyry/intrusion related Au-Cu deposits occur with 2 km of the Kyba Red Line” (Northern Miner, 2015) Doc zone core drilling and surface sampling in 2020 returned several high gold grades with assays as high as 241.89 g/t Au surface sample and 113.7 g/t Au in drill core over 1.28 meters. Results from the 2020 drill program on the neighbouring Q26 zone also returned significant gold assays including 5.1 g/t Au over 1.97 m and 2.2 g/t Au over 6.0 meters. The results of the mag survey carried out in late 2020 demonstrate that both the Doc and Q26 zones are associated with low magnetic signatures (blue) and adjacent magnetic highs to the west (red) of each low. Based on the 2020 drill results, it appears the gold bearing mineralized structures and vein systems occur proximal to the transition between the magnetic highs and lows. The mag survey also outlined a much larger, deep seated area of low magnetic density bordered by a high magnetic area to the west known as the “Doc Offset”. The significantly larger Doc Offset zone is one of the many potential targets to be investigated in 2021 with surface mapping, sampling, and potential drill testing. As shown in the figure below, the Q26, Doc and the Doc Offset all exhibit the same low magnetic profile. These zones may have been part of a larger mineralized system that has been offset by strike slip faulting. Current plans are to test this theory during the 2021 exploration program with mapping and sampling and possible drill testing of this deeper seated magnetic low occurrence. Concurrent with the fo...