- Hawkstone Mining (HWK) shares have entered a trading halt as the company flags an announcement regarding metallurgical test results
- The trading halt is set to be lifted on or before Wednesday March 3, when a formal disclosure regarding the results is made to market
- The explorer has not disclosed the nature of the results, however, they come amid encouraging progressions at its U.S. gold, copper silver and lithium prospects
- Prior to the trading halt, Hawkstone shares traded at 4 cents each
Hawkstone Mining (HWK) shares have entered a trading halt as the company flags an announcement regarding metallurgical test results.
The explorer requested the halt remain in place until Wednesday March 3 or until the anticipated disclosure is made to market.
The nature of the results has not been disclosed, however, they come in the wake of some auspicious recent findings from its gold, copper, silver and lithium projects.
Rock sampling from its Devil’s Canyon Gold Project in Nevada yielded findings such as 191.5g/t gold, 524g/t silver and 10.25 per cent copper, with the company flagging plans for geochemical sampling and geological mapping to further define existing and new trends.
Over at the company’s Big Sandy project, situated between Arizona and Nevada, Metallurgical test works found initial lithium recoveries in the 90 per cent range, fuelling its efforts to produce battery-grade lithium carbonate by the end of February 2021.
“With drill approval imminent at Big Sandy, the company will rapidly progress development of the project to realise its full economic potential,” Hawkstone Mining Managing Director, Paul Lloyd said at the time.
Prior to the trading halt, Hawkstone shares traded at 4 cents each.