ASX-listed company, Hawkstone Mining Limited has announced that drilling at the Lone Pine Gold Project in Idaho, USA has confirmed the ‘high-grade and excellent geological continuity’ of the Lone Pine quartz vein zone.
The latest results include:
- 93 grams per tonne (g/t) of gold (Au) over 1.91 metres (m), 19.6 g/t Au over 0.45m including 29.7 g/t Au over 0.82m; and
- 39 g/t Au over 0.86m including 16.95 g/t Au over 0.52m.
These results complement earlier drilling results [1] returned from the Lone Pine quartz vein including:
- 02 g/t Au over 1.22 in drill hole LPDD01 from 38.43 to 39.7m including 0.31m at 65.6 g/t Au;
- 6 g/t Au over 0.45m in drill hole LPDD06 from 99.30m to 99.75m within the broader quartz vein zone from 97.76 to 99.75; and
- 06 g/t Au over 2.63 in drill hole LPDD07 from 63.75m to 66.38m including 1.37m at 13.23 g/t Au.
Hawkstone outlined that gold mineralisation has been traced over 600 metres and is open at depth, to the northeast and southwest along strike at the Lone Pine vein zone.
At King Solomon, identified as a priority target and acquired by the company during the year, planning is underway to drill test the parallel gold mineralised zone in the 2021 field season. Historical intercepts include 18m at 3.75 g/t Au [2].
Hawkstone’s exploration activities during the field season included drilling, mapping/sampling and trenching, all of which demonstrate the potential for multiple mineralised zones as part of a larger system which includes Lone Pine, King Solomon and regional prospects within the project area.
Revival Gold, owner of the Beartrack Mine that is located on a shear parallel to and 8 kilometres west of the Lone Pine Project, recently announced total resources of 2.39M oz Au and a planned production of 300,000 Oz Au per annum [3].
The company also advised that due diligence is continuing at the Devil’s Canyon gold project in Nevada. Assay results are pending for two rock chip sampling programs at Devil’s Canyon; additional sampling and regional work completed at Lone Pine; and tertiary drainage sampling at the Western Desert Gold/Copper project in Utah.
Hawkstone Managing Director, Paul Lloyd, said exploration has demonstrated the presence of high-grade gold mineralisation and the excellent geological continuity of the Lone Pine vein zone providing the impetus to continue with further drilling at Lone Pine and also the highly prospective King Solomon mineralised zone 900 metres to the southeast.
“The knowledge acquired from the drilling challenges encountered throughout the 2020 program will greatly assist with the program planning and execution heading into the 2021 field season.”
Next Steps at the Lone Pine Gold Project
Hawkstone states that an application has been made with the Forestry Department for the approval of drill sites at both the Lone Pine (within unpatented claims) and King Solomon mineralised zones.
Planning is ongoing for additional holes within the patented claims at Lone Pine.
Drill contractors are being arranged to ensure that the drilling starts as soon as access is possible.
Drilling at Lone Pine will focus on depth and strike extensions to the mineralised vein whilst at King Solomon drilling is planned as a first pass proximal to the old workings and historical RC drill results.
An airborne magnetic geophysical survey is planned across the Lone Pine Project in 2021.
[1] Hawkstone’s announcement, 15 September, 2020, Initial Drilling Confirms High Grade Mineralisation at the Lone Pine Gold Project (up to 19.6 g/t Au)
[2] Hawkstone’s announcement, August 26, 2020, Early Completion Of King Solomon Acquistion And Exploration Update 3 mining .com, November 20, 2020, PEA puts Beartrack-Arnett Gold Project on Production Track
[3] mining.com, November 20, 2020, PEA puts Beartrack-Arnett Gold Project on Production Track