(TheNewswire)
Highlights
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Hanstone receives assay results up to 277.9g/t Au and1,405g/t Ag from grab samples at sample pits at Q17/Q22Zones.
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High-grade gold identified at Q17/Q22 Zones along a350-metre strike length.
Vancouver, BC – TheNewswire - December 6 , 2022 – HanstoneGold Corp. ( TSXV:HANS )(OTC:HANCF) ( FRA:HGO) (the“ Company ” or “ Hanstone ”), is pleasedto announce the results from grab sampling and surface mapping carriedout at its Summer 2022 exploration program at its Doc Property innorthwestern British Columbia.
Field Program Overview
Field reconnaissance was carried out during the Summer2022 program, alongside the bulk sampling program previously announcedon October 31, 2022 (1) and November 22, 2022 (2)
Assay results from grab sampling at the Q17 and Q22Zones yielded a high value of 277.9g/t Au and 935g/t Ag from sample872104, which was taken from DOC22-Pit 7E (see Table 1 & Figure2). This pit, opened on the Q17 vein, exhibits a vuggy gossan withgalena-derived boxwork on the margin of the same vein exposed at thebulk sampled zone at the top of the slope at DOC22-Pit 2E through 3E,the results from which were announced on November 22, 2022 (2) . Sample872135, taken from an unweathered portion of the Q17 vein at DOC22-Pit3E, yielded 231.4g/t Au and 1,405g/t Ag. *
Mineralization observed at the Q17, Q22, and Q19 Zonesis hosted within broad, approximately ~1 metre thick vitreous quartzveins with 5-10% coarse (up to ~2cm) galena crystals disseminatedwithin the vein margin. See Figure 1 and Table 1 below for samplelocations.
Ray Marks, President and CEO of Hanstone stated:“These results further confirm the presence of extensive goldmineralization extending from surface to the past-producing mineworkings below for a current estimated strike length of 350 metres.Our intention in the 2023 season will be to follow up on these resultsand our team is eager to find out just how far this zone extends alongstrike.”
Sampling at Q17 / Q22 Zones
Grab sample 872125, taken directly above the end of theadit and roughly at the centre-point of the segment of the Q17 veinmined by the underground workings, returned 111.5g/t Au and 155g/t Ag.Sample 872122, taken directly above the eastern end of the undergroundworkings, yielded 47.7g/t Au and 248g/t Ag. More significantly, sample872123, taken 130 metres further ESE along strike beyond the end ofthe surface projection of the underground workings, in the vicinity ofthe eastern-most historical 1988 drilling, yielded 58.3g/t Au and256g/t Ag. *
Table 1. GrabSample Assay Highlights
Sample ID | Location | Zone | Au (g/t) | Ag (g/t) |
872104 | DOC22-Pit 7E | Q17 | 277.9 | 935 |
872125 | DOC22 Pit 10E (outcrop grab) | Q17 | 111.5 | 155 |
872127 | DOC22-Pit 8E | Q17 | 90.6 | 353 |
872128 | DOC22-Pit 6E | Q17 | 242.7 | 1200 |
872129 | DOC22-Pit 5E | Q17 | 14.6 | 237 |
872131 | DOC22-Pit 4E | Q17 | 22.1 | 19 |
872132 | DOC22-Pit 2E | Q17 | 36.0 | 307 |
872135 | DOC22-Pit 3E | Q17 | 231.4 | 1405 |
872136 | DOC22-Pit 2.5E | Q17 | 31.1 | 769 |
872122 | Above eastern end of workings, 130 metres east of DOC22-Pit 10E | Q17/Q22 | 47.7 | 248 |
872123 | 130 metres east along strike from 872122 | Q22 | 58.3 | 256 |
Figure 1. Grab Sample Highlights Map
Discussion of Sampling Results
Grab samples taken from pits opened during the programyielded numerous high-grade gold showings with apparent continuity ofa mineralized zone extending along surface from DOC22-Pit 1E (top ofslope) down to DOC22-Pit 16E, a strike length of approximately 150metres. Additional pits located 70 and 200 metres further southeastalong strike of the same zone also yielded high-grade gold results(47.7g/t Au and 58.3g/t Au, respectively), with the zone remainingopen along strike in both directions. This mineralized trend almostexactly parallels the underground workings and represents the surfaceprojection of the same Q17 and Q22 veins that were the target ofunderground mining. Based on these observations, in conjunction withhistorical drilling intercepts across the vein, the mineralized zoneappears to measure at least 350 metres along strike and 100 metresdepth, while remaining open along strike and at depth.
The grades being returned from grab and bulk samplingat the Doc Project are consistent between samples of similar materialand have yielded up to 277.9g/t Au (DOC22-Pit 7E), which was takenfrom a grab sample of vuggy gossan with galena-derived boxwork.Evidenced from the texture of the high-grade gossan, this material isthe weathered form of the galena-bearing quartz vein appearing uphillat DOC22-Pit 2E through DOC22-Pit 6E and likely continues furtherbeyond the most distal pits in both directions along strike. *
Figure 2. Sample 872104 (277.9g/t Au, 935 g/t Ag)
Figure 3. Pit8E looking west - representative section of mineralized zone
(rock hammer for scale)
Bulk Sampling Recap and PitDescriptions
As announced in Hanstone’s news release dated November 22, 2022 (2) , assayresults from bulk samples from the DOC Zone yielded a high value of43.91 g/t Au and 244 g/t Ag from a 110.0kg sample from Pit 3E at theQ17 vein, out of a total of three bulk samples taken along anapproximately 10-metre long zone on the Q17 vein. The single bulksample taken at the Q19 zone yielded 7.04 g/t Au and 85 g/t Ag from a130.0kg sample.
A total of 18 sample pits were opened on the Property,with 17 pits located along the DOC area (Q17/Q22 vein zone) and onepit at the Q19 zone. The bulk sampling component of the programconsisted of a series of four (4) bulk samples taken across the Q17and Q19 vein zones. Each sample at both the Q17 and Q19 veinsconsisted of abundant galena and minor pyrite mineralization within0.5 to 1.0 metre quartz veins, hosted within a broader shear zone andyielded anomalously high gold and silver values. No significant copperor zinc values were encountered.
The surface exposure of the Q17 and Q22 veins evidentlycoincide with the underground workings, with pits generally exhibitinga similar style of mineralization to that observed within theunderground workings. In conjunction with historical drill results,veining and sulphide mineralization appears to be mostly continuousthroughout the zone, as well as further along strike to theeast.
* CautionaryNote: The reader is cautionedthat grab rock samples are selective by nature and may not representthe true grade or style of mineralization across the Property.
Assay Method
Analytical results of sampling reported by Hanstonerepresent rock samples submitted by Hanstone directly to Seacan Labs,an ISO 17025 accredited lab based in Stewart, British Columbia.Samples were coarse crushed, dried at 100 °C, crushed to 80% < 10mesh, split, with 250g pulverised to 85% < 140 mesh. For Au and Ag,30g pulp was fire assayed with gravimetric finish. For all otherelements, pulp samples were digested by aqua regia and run byICP-OES.
About the DOC Gold Project
The DOC Gold Project covers 8 mineral claims covering1,704 hectares in northwestern British Columbia. The Project islocated approximately 70 kilometres north of Stewart, BC, and isaccessible by a 45 minute helicopter flight from the helipad locatedin Stewart, BC. Trails provide excellent access to all major locationson the Property.
Qualified Person
Technical information in this news release has beenreviewed and approved by Case Lewis, P.Geo., a "QualifiedPerson" as defined under NI 43-101 Standards of Disclosure forMineral Projects.
About Hanstone Gold Corp
Hanstone is a precious and base metals explorer withits current focus on the Doc and Snip North Projects optimally locatedin the heart of the prolific mineralized area of British Columbiaknown as the Golden Triangle. The Golden Triangle is an area whichhosts numerous producing and past-producing mines and several largedeposits that are approaching potential development. The Companyholds a 100% earn-in option on the 1,704-hectare Doc Project and ownsa 100% interest in the 3,336-hectare Snip North Project. Hanstone hasa highly experienced team of industry professionals with a successfultrack record in the discovery of gold deposits and in developingmineral exploration projects through discovery to production.
Ray Marks, President and CEO
For Further InformationContact:
Ray Marks, President
+1-(778)-896-7778,ray.marks@hanstonegold.com
Or visit the Company’s website at www.hanstonegold.com
Forward Looking StatementsDisclaimer
The information contained hereincontains “forward-looking statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 and“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events, or developments that the Company expects oranticipates will or may occur in the future. Generally, but notalways, forward-looking information and statements can be identifiedusing words such as “plans”, “expects”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or the negativeconnotation thereof or variations of such words and phrases or statethat certain actions, events, or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “beachieved” or the negative connotation thereof.
Forward-looking information andstatements are based on the then current expectations, beliefs,assumptions, estimates and forecasts about Hanstone’s business andthe industry and markets in which it operates and will operate. Forward-looking information andstatements are made based upon numerous assumptions, including amongothers, the results of planned exploration activities are asanticipated, the price of gold, the cost of planned explorationactivities, that financing will be available if needed and onreasonable terms, that third party contractors, equipment, suppliesand governmental and other approvals required to conduct Hanstone’splanned exploration activities will be available on reasonable termsand in a timely manner and that general business and economicconditions will not change in a material adverse manner. Although theassumptions made by the Company in providing forward-lookinginformation or making forward-looking statements are consideredreasonable by management at the time, there can be no assurance thatsuch assumptions will prove to be accurate. Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.
References
1) Hanstone Gold Corp Press Release dated October 31, 2022.“Hanstone Gold Provides Update on Exploration Program at DocProperty, British Columbia”
https://www.hanstonegold.com/news-releases/hanstone-gold-announces-appointment-of-cfo-ay5gg
2) Hanstone Gold Corp Press Release dated November 22, 2022.“Hanstone Receives Assays up to 43.91g/t Gold and 244 g/t Silverfrom Bulk Sampling at Doc Property, British Columbia”
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