Hawkmoon Begins Trenching on Wilson

Rhea-AI Summary

Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) has commenced a trenching program at the Wilson Gold Property, led by VP of Exploration Thomas Clarke. The program aims to explore underdeveloped areas for gold showings at the intersection of volcanic rocks and gabbro. Initial focus will be on the northern limb of the fold structure, identified through historical drill hole VP 94-51, which reported significant gold grades. The trenching is seen as a cost-effective preliminary step before planned drilling set to start in mid-July.

Positive

• Commencement of trenching program at Wilson Gold Property to explore potential gold zones.
• Historical drill hole VP 94-51 indicated significant gold intercepts (up to 8.95 grams/tonne).
• Cost-effective exploration approach targeting underexplored northern limb.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) (“Hawkmoon” or the “Company”) is pleased to announce that Mr. Thomas Clarke, VP of Exploration, is now at the Wilson Gold Property (the “Property”) to supervise the commencement of the trenching program (the “Trenching”) at the Property. The Trenching is proposed to examine a series of targets of interest in underexplored areas of the Property. Gold showings on the Property are present at the interface of volcanic rocks and a gabbro sill. These rocks have been folded into a large structure with both the Toussaint and Midrim gold showings situated on the southern limb of this fold structure as shown in figure 1.

Figure 1: Map of the Wilson Property showing the various gold showings (Graphic: Business Wire)

The Trenching will focus primarily on the northern limb of the fold structure as well as at other targets on the Property. As little work has been done on the northern limb, it is much more cost effective, at this stage, to trench and clear the surface cover as a first phase of exploration work. Refer to figure 2 for a map showing the various Trenching targets on the northern limb of the fold on Wilson.

Hawkmoon will commence the Trenching by trying to locate the old drill collar of VP 94-51 and working outwards from this known starting point. Two near surface gold intercepts in this old hole identified a gold zone as outlined by table 1 that Hawkmoon plans to attempt to map along strike. Hole VP 94-51 was drilled before the introduction of NI 43-101 and the results are treated as historical.

Table 1: Selected Assay Results for VP 94-51

Drill Hole	From (metres)	To (metres)	Length (metres)	Gold Grade (grams/tonne)
VP 94-51	22.0	23.0	1.00	8.95
VP 94-51	38.0	40.0	2.00	1.06

After examining this old hole, Hawkmoon plans on targeting following zones at sections spaced approximately 50 metres:

1. Gabbro-Volcanics Contact
2. Northern limit of the gold zone identified in historical drill hole VP 94-51
3. Southern limit of the gold zone identified in historical drill hole VP 94-51
4. IP anomalies with a moderate metallic factor (chargeability and resistivity) from an IP survey completed in 2011 by Viking Gold.

Hawkmoon anticipates commencing drilling on Wilson in the middle of July. The Company has contracted Faubert & Fils Inc for diamond drilling services. The Company used Faubert & Fils Inc. for each of its previous drill programs at the Property and at the Lava Project near Belleterre, Québec.

Branden Haynes, President of Hawkmoon, states “July is the start of our summer work season, and the Company is looking forward to positive results. The objective of the Trenching Program is to extend a historical gold zone, aiming to dig around the contact between the volcanics and gabbro and examine a series of IP anomalies with a favourable signature.”

About Hawkmoon Resources

Hawkmoon is focused entirely on its two Quebec gold projects. Wilson Gold Project is located in one of the world’s largest gold endowed areas, the Abitibi Greenstone Belt. The Wilson is accessed by government-maintained roads and is in close proximity to the east of the town of Lebel-sur-Quévillon. The second project is situated in the Belleterre Gold Camp southwest of Val-d’Or.

For more information, review the Company’s filings available at www.sedar.com.

Qualified Person

The technical information in this news release has been reviewed and approved by Thomas Clarke P.Geo., Pr.Sci.Nat. Mr. Clarke is a “Qualified Person” under NI 43-101 and is a Director and the Vice President Exploration of Hawkmoon.

HAWKMOON RESOURCES CORP.,
ON BEHALF OF THE BOARD
"Branden Haynes"
Branden Haynes, Chief Executive Officer

Forward Looking Statements

This news release contains certain forward-looking statements. The use of the word “expected”, “projected”, “pursuing”, “plans” and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding: the Trenching Program; and the timing of the next drilling program at the Property. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005090/en/

Branden Haynes

Chief Executive Officer and Director

Email: branden@hawkmoonresources.com

Telephone: 604-817-1595

Source: Hawkmoon Resources Corp.

FAQ

What is the latest news from Hawkmoon Resources Corp. regarding the Wilson Gold Property?

Hawkmoon Resources Corp. has initiated a trenching program at its Wilson Gold Property to explore previously underdeveloped gold targets, led by VP of Exploration Thomas Clarke.

What were the gold intercepts found in historical drill hole VP 94-51?

Historical drill hole VP 94-51 revealed significant gold grades of up to 8.95 grams/tonne over certain lengths.

When is Hawkmoon Resources planning to start drilling at the Wilson property?

Drilling at the Wilson property is expected to commence in mid-July.

What is the focus of the trenching program at the Wilson Gold Property?

The trenching program focuses on exploring the northern limb of the fold structure and mapping the gold zone identified from previous drilling.