A maiden drill program is set to commence at Hawkstone Mining Limited’s (ASX: HWK) flagship high-grade Lone Pine Gold Project in Idaho, USA.
The company announced that a diamond drilling rig would be mobilised to site today, 18 June 2020 for the maiden drill program, and drilling would follow shortly after.
HWK said that the drilling program will target the 71,128 ounce (18.6 g/t) historic, non-JORC gold resource within the well-defined trend of the gold mineralized Lone Pine vein zone.
The company said that the Maiden drill program aims to generate the first JORC compliant resource at Lone Pine.
Lone Pine gold project
In February 2020, Hawkstone had completed the acquisition 100% of the high-grade Lone Pine Gold Project located in Idaho, USA, as the Company diversified its asset portfolio to include gold and gold/copper projects.
The project has a non-JORC compliant, mineral resource estimate of 71,128 ounces Au (122,600 tons @ 18.06 g/t Au) and lies 16km and 8km east respectively of the Arnett Creek and Beartrack Mine, 5km west of the historic Queen of the Hills mine, and 900m NW of the King Solomon Mine.
The Lone Pine Gold Project was last mined in 1907 and has not been subjected to modern mining techniques and the Project offers significant financial upside from proof of concept exploration success, as Hawkstone aims to develop the Project into a medium to high-grade gold deposit.
The Lone Pine Gold Project contains one of the numerous precious metal occurrences related to the Trans-Challis Fault System that has produced more gold than any other area in Idaho.
Gold mineralisation on the Project is hosted by a quartz veined zone in a northeast-trending steeply 80o north-west dipping shear in a granite formation near its contact with the overlying quartzite.
The company said that the quartz vein zone has been traced by adits and trenches for 480m, which has been traced down dip via adits for up to 150m. It remains open to both the NE and SW as well as down dip.
The gold mineralised zone consists of quartz veining and coarse gouge. Gouge is mostly schistose crushed quartz as found in Adit # 5. Adit is the entrance passageway to an underground mine. Sampling had demonstrated the gold to be associated with both the vein and gouge.
At the entrance to Adit # 5, the vein zone averaged 14.46 g/t Au over 2.6 metres representing the weighted average of 5 samples. High grade, select float samples from the vein have returned assays up to 45.67 g/t Au / 20.75 g/t Ag.
Drill program at Lone Pine
The company announced that it is all set to commence a maiden drill program at the high-grade Lone Pine Gold Project. Hawkstone had assembled a highly experienced management, geological, and technical team on the ground in the USA.
HWK said that the Maiden drill program will utilise Hawkstone’s experienced and established USA team, with the aim of generating a maiden JORC resource.
Diamond drill to site
Hawkstone said that a diamond drilling rig would be mobilised to site today, 18 June 2020 and drilling will follow shortly after.
HWK said that following lockdowns in the state of Idaho due to COVID-19 which were lifted on 1 June 2020, and unseasonably late spring snowstorms, a field team undertook site reconnaissance prior to the mobilisation of the drill rig.
The company announced that the regional and detailed structural analysis is being finalised on the Lone Pine Gold Project to provide an increased understanding of the mineralisation controls, its setting within the regional structural framework and other potential targets within the claim group.
Hawkstone said that the Phase 1 diamond drilling program is to test the vein zone on 100 metre centres in the area of the historic resource. The company said that further drill programs are planned dependent on results of Phase 1.
Hawkstone Managing Director, Paul Lloyd, said: “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, that continues to exhibit price strength.
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 by Guewilik and demonstrated by previous sampling.
The diamond drilling will provide Hawkstone with an excellent understanding of the Lone Pine’s geology and grade, guiding future resource definition drilling, with the aim of rapidly defining a potentially high-grade JORC complaint resource in a mining friendly state”.