Hawkstone Mining completed the acquisition of the Lone Pine Gold Project located in Idaho, USA. The acquisition of the project represents a diversification of the company’s assets from a solely lithium explorer to include gold, a metal that is showing recent price rises.
- Hawkstone has completed the acquisition of 100 per cent interest in the high-grade Lone Pine Gold.
- The company has staked a further 75 BLM mining claims totalling 607 hectares surrounding the patented claims.
- Lone Pine is an advanced gold exploration project that was last mined in 1907 and has not been subjected to modern exploration techniques.
- The Project contains a 1935 non-JORC compliant, mineral resource estimate of 71,128 ounces Au (122,600 tons @ 18.06 g/t Au).
- Gold mineralisation hosted by NE trending, steep NW dipping quartz vein zone in granite that has been traced by adits and trenches over a strike length of 480 metres. The mineralisation remains untested at depth and along strike in both directions.
- Phase 1 drill planning and permitting are underway to ensure the program commences as soon as weather predicated access is available. The drilling can be rapidly advanced on the patented land holding with the aim to generate a maiden JORC resource.
- A regional and detailed airphoto structural interpretation is ongoing to provide an increased understanding of the mineralisation controls and identify other potential targets within the claim group.
*Article published in the April-June 2020 issue of The Asia Miner