Hanstone Gold Provides Initial Results From Bulk Sampling Program on DOC Property in the Golden Triangle of Northern BC
27 Januar 2022 - 5:02PM
Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO)
("
Hanstone" or the "
Company"), is
pleased to provide an update on the results from its bulk sampling
program conducted in 2021 on its DOC Property, located in northern
British Columbia’s prolific Golden Triangle Mineral District. The
Golden Triangle hosts three of Canada’s most significant mineral
deposits that include Skeena Resources’ Eskay Creek gold &
silver deposit, Newmont and Teck Resources’ significant
copper-gold-silver Galore Creek Project and Pretium Resources
Brucejack gold mine.
Two 1-ton bulk samples were taken from the Doc
Property’s Q19 vein, and from the newly discovered TRJC vein.
Samples from each vein were crushed and milled to -150 mesh size
fraction, with 5 samples retrieved from each bulk sample for
analysis. Each sample was analyzed using the metallic screen fire
assay at TSL Laboratories and ICP1 Total 4 acid digestion method at
SRC Geoanalytical Laboratories in Saskatoon, SK.
Highlighted Results from the analysis are as
follows:
- Q19 vein system bulks sample averaged
19.35 g/t Au, 127.00 g/t Ag, and 465.40 ppm
Cu.
- TRJC vein system bulk sample averaged
5.73 g/t Au, 89.18 g/t Ag, and 43,580 ppm Pb.
Ray Marks, President & CEO, commented: “The
reported high grades and consistency of the bulk sample results are
very encouraging – The newly discovered TRJC vein gives confidence
that there is a high probability of discovering deep mineralized
structures yet to be explored on both the Doc and Snip North
Properties”.
Results from all samples analyzed from each bulk
samples are listed in Table 1 below.
Table 1: Bulk sampling results
(2021)
Bulk SampleVein ID |
Sample # |
AverageGradeAu (g/t) |
AuTotal(g/t) |
AverageGradeAg (g/t) |
Agtotal(g/t) |
AverageGradeCu(ppm) |
Cu total(ppm) |
AverageGradePb(ppm) |
Pb total(ppm) |
TRJC |
872928 |
|
5.7 |
|
76.4 |
|
93 |
|
32600 |
TRJC |
872929 |
|
5.9 |
|
90 |
|
93 |
|
36800 |
TRJC |
872930 |
|
5.48 |
|
83 |
|
111 |
|
35200 |
TRJC |
872932 |
|
4.87 |
|
100 |
|
90 |
|
57900 |
TRJC |
872938 |
|
6.7 |
|
96.5 |
|
99 |
|
55400 |
Q19 |
872933 |
|
17.74 |
|
114 |
|
431 |
|
2010 |
Q19 |
872934 |
|
19.27 |
|
128 |
|
468 |
|
2240 |
Q19 |
872935 |
|
19.71 |
|
131 |
|
489 |
|
2260 |
Q19 |
872937 |
|
21.66 |
|
130 |
|
471 |
|
2230 |
Q19 |
872939 |
|
18.4 |
|
132 |
|
468 |
|
2070 |
TRJC average |
|
5.73 |
|
89.18 |
|
97.20 |
|
43,580 |
|
Q19 average |
|
19.35 |
|
127.00 |
|
465.40 |
|
2,162 |
|
NOTES:
- The TRJC vein is generally oriented
North-South, while the Q19 vein is generally oriented
East-West.
- Both TRJC & Q19 vein widths are
approximately 2m wide on average, including alteration.
- Current plans are to expand the
exposure of the veins along strike and at depth in the 2022 field
season.
- Assay results from the last three and
a half diamond drill holes remain outstanding from the 2021 drill
program. Assay labs have advised management to expect results in
the near future.
Figure 1: Bulk Sample Locations from the
TRJC & Doc Vein Systems
Figure 1 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bd8b6cc4-7de7-404f-91e8-b1680ed33a77
Quality Assurance, Quality Control &
Technical Disclosure
The 2021 drilling and exploration was conducted
under the supervision of Tyler Fiolleau, P.Geo. and Craig Cubbon,
G.I.T., both of Axiom Exploration Group Ltd. Sample analyses were
conducted by TSL Laboratories Inc. in Saskatoon, Saskatchewan.
The technical information in this news release
has been reviewed and approved by Doug Engdahl, P.Geo. (CEO,
Axiom), and Matthew Schwab, P.Geo. (Senior Vice President, Axiom),
each of whom is a “Qualified Person” for the Company as defined
under National Instrument 43-101 - Standards of Disclosure for
Mineral Projects ("NI 43-101").
About Hanstone Gold
Hanstone is a precious and base metals explorer
with its current focus on the Doc and Snip North Projects optimally
located in the heart of the prolific mineralized area of British
Columbia known as the Golden Triangle. The Golden Triangle is an
area which hosts numerous producing and past-producing mines and
several large deposits that are approaching potential development.
The Company holds a 100% earn in option in the 1,704-hectare Doc
Project and owns a 100% interest in the 3,336-hectare Snip North
Project. Hanstone has a highly experienced team of industry
professionals with a successful track record in the discovery of
gold deposits and in developing mineral exploration projects
through discovery to production.
Ray Marks, President and Chief Executive
Officer
For Further Information
Contact:
Carrie Howes, Director of Communications,
+1-(778)-551-8488, carrie@hanstonegold.comOr visit the Company’s
website at www.hanstonegold.com
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