Hanstone Gold Provides Update on Exploration Program at Doc Property, British Columbia
31 Oktober 2022 - 1:30PM
Hanstone Gold Corp. (TSX.V:HANS) (OTC:HANCF) (FRA:HGO) (the
“
Company” or “
Hanstone”), is
pleased to announce that it has completed a bulk sampling, surface
sampling and mapping campaign at its DOC Property in northwest
British Columbia. Details of the program are outlined below. Full
results from the program are expected shortly and will be announced
when available.
Sample Pits & Bulk
Samples
A total of 18 sample pits were opened on the
Property, with 17 pits located along the DOC area (Q17/Q22 vein
zone) and one pit at the Q19 zone. The bulk sampling component of
the program consisted of a series of four bulk samples taken across
the Q17 and Q19 vein zones. The specifications of each sample are
shown in the following table. Each sample at both the Q17 and Q19
veins consisted of abundant galena and minor pyrite mineralization
within 0.5 to 1.0 metre quartz veins, hosted within a broader shear
zone:
Table 1. Bulk Sample
Specifications
Sample ID / Location |
Zone |
Weight (kg) |
DOC22-Pit 2E |
Q17 |
50.0 |
DOC22-Pit 2.5E |
Q17 |
20.0 |
DOC22-Pit 3E |
Q17 |
110.0 |
DOC22-Q19 Pit 3 |
Q19 |
130.0 |
The Q17 and Q22 veins clearly coincide with the
underground workings, with pits generally exhibiting a similar
style of mineralization to that observed within the underground
workings. In conjunction with historical drill results, veining and
sulphide mineralization appears to be mostly continuous throughout
the zone, as well as further along strike to the east. Assays from
the bulk sampling program are forthcoming.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4577ffff-3b4c-44de-8b59-792401d60581
Surface Sampling &
Mapping
The second component of the exploration program
consisted of grab sampling and mapping across the majority of the
Q17/Q22 (DOC) area, as well as in and around the Q19 zone.
Additional samples were collected along strike from the primary
mineralization at the Q17/Q22 (DOC) zone. In conjunction with grab
sampling, key lithological and structural observations were
recorded at each pit location.
Ray Marks, President & CEO of Hanstone
stated: “We are very pleased with how efficiently the bulk sampling
program was completed. The identification of new mineralization at
surface supports the model in which the mineralized shear which
hosts the Q17 and Q22 veins is continuous to surface from the
underground workings. These results are highly encouraging as we
actively move forward on exploration at the DOC Property. “
About the DOC
Gold ProjectThe DOC Gold Project covers 8
mineral claims covering 1,704 hectares in northwestern British
Columbia. The Project is located approximately 70 kilometres north
of Stewart, BC, and is accessible by a 45-minute helicopter flight
from the helipad located in Stewart. Existing trails provide
excellent access to all major locations on the Property.
Qualified Person
Technical information in this news release has
been reviewed and approved by Case Lewis, P.Geo., a "Qualified
Person" as defined under NI 43-101 Standards of Disclosure for
Mineral Projects.
About Hanstone Gold Corp
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 on 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.
For Further Information Contact:
Ray Marks, President+1-(778)-896-7778,
ray.marks@hanstonegold.comOr visit the Company’s website at
www.hanstonegold.com
Forward Looking Statements
Disclaimer
The information contained herein contains
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
“forward-looking information” within the meaning of applicable
Canadian securities legislation. “Forward-looking information”
includes, but is not limited to, statements with respect to the
activities, events, or developments that the Company expects or
anticipates will or may occur in the future. Generally, but not
always, forward-looking information and statements can be
identified using words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or the negative connotation thereof or
variations of such words and phrases or state that certain actions,
events, or results “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved” or the negative connotation
thereof.
Forward-looking information and statements are
based on the then current expectations, beliefs, assumptions,
estimates and forecasts about Hanstone’s business and the industry
and markets in which it operates and will operate. Forward-looking
information and statements are made based upon numerous
assumptions, including among others, the results of planned
exploration activities are as anticipated, the price of gold, the
cost of planned exploration activities, that financing will be
available if needed and on reasonable terms, that third party
contractors, equipment, supplies and governmental and other
approvals required to conduct Hanstone’s planned exploration
activities will be available on reasonable terms and in a timely
manner and that general business and economic conditions will not
change in a material adverse manner. Although the assumptions made
by the Company in providing forward-looking information or making
forward-looking statements are considered reasonable by management
at the time, there can be no assurance that such assumptions will
prove to be accurate. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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