- Hawkstone Mining (HWK) will begin a maiden drilling program at the high-grade Lone Pine Gold Project in Idaho, U.S.
- The aim of this program is to identify the first JORC compliant resource at the project and provide an understanding of the geology and grade
- Lone Pine Gold Project was last mined in 1907 and has not been subject to modern mining techniques
- Hawkstone is up a healthy 28.6 per cent and shares are trading for 0.9 cents each
Hawkstone Mining (HWK) will begin a maiden drilling program at the high-grade Lone Pine Gold Project in Idaho, U.S.
The aim of this program is to identify the first JORC compliant resource at the project.
Prior to today’s arrival of a diamond drill rig, a field team undertook field exploration at the project area.
“We’re very excited to commence drilling at the Lone Pine Gold Project as this represents a significant milestone in the company’s diversification into the gold sector, the continues to exhibit price strength,” Managing Director Paul Lloyd stated.
“Through the maiden drill program, Hawkstone aims to demonstrate the veracity of the historic gold resource, in addition to testing the grade of the broader mineralised zone, as alluded to be Guewilik and demonstrated by previous sampling,” he said.
“The diamond drilling will provide Hawkstone with an excellent understanding of Lone Pine’s geology and grade, guiding future resource definition drilling, with the aim of rapidly defining a potentially high-grade JORC compliant resource in a mining-friendly state,” he added.
The Lone Pine Gold Project was last mined in 1907 and has not been subject to modern mining techniques.
It has a non-JORC compliant mineral resource estimate of 71,128 ounces of gold (122,600 tonnes at 18.06g/t gold).
Lone Pine also contains one of many precious metal occurrences related to the Trans-Challis Fault System that has produced more gold than anywhere else in Idaho.
Hawkstone is up a healthy 28.6 per cent and shares are trading for 0.9 cents each at 2:23 pm AEST.