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Hawkmoon Resources' IPO expected in the first half of this year

Published: 07:29 17 Jan 2020 GMT

Hawkmoon Resources -

Hawkmoon Resources (PRIVATE:HAWKM) is a gold exploration company focused on Quebec.

Branden Haynes is the chief executive officer and founder of the company and has invested a significant amount of his own money into the company. Branden has more than 20 years’ experience in finance and the junior mining sector. He has provided investor relations and market support to companies including Minefinders, Lomiko Metals, Nexus Gold and Guyana Goldstrike.

Hawkmoon owns the option to earn 100% of the Romeo Gold Project, located within the Urban-Barry Greenstone Belt, Quebec, Canada (Figure1). The project is located adjacent to Osisko Mining Inc’s (TSX:OSK) Windfall Lake Gold Deposit and in proximity to Bonterra Resources’ (CVE:BTR) properties (Figure 2).

Figure 1: Location of the Romeo Project

Source Hawkmoon Resources

Figure 2: Tenements in the Urban-Barry Greenstone Belt

Source Hawkmoon Resources

Hawkmoon is targeting orogenic and intrusion-related gold deposits at Romeo. The project’s geology is dominated by dioritic intrusive rocks with lesser amounts of basalt. These rocks are cross-cut by the extension of the Bank Fault from Osisko Mining’s tenements into the Romeo Project.

Osisko identified the Bank Fault as the primary structure associated with gold mineralisation within the Urban-Barry Greenstone Belt. Osisko (Figure 3) also suggests that the Bank Fault is on the same scale as the Porcupine‐Destor and Larder Lake ‐ Cadillac Faults, which are highly endowed with gold mineralisation.

Figure 3: Structural geology of the Urban-Barry Greenstone Belt

Source Hawkmoon Resources

Also regionally important for localising gold mineralisation is a series of secondary northeast to southwest striking faults and shear zones that are associated with the FOX, Lac Rouleau and Gladiator Gold deposits (Figure 3). Similar structures have also been interpreted within the Romeo Project based on geophysics (Figure 4).

Figure 4: Interpreted structures within the Romeo Project

Source Hawkmoon Resources

Hawkmoon has identified six geophysical targets based on its initial work programme and is seeking to list its shares during the first half of this year to raise the funds required to advance the project. The next stage of the work is anticipated to include a detailed programme of geological mapping, prospecting, rock sampling, induced polarisation geophysics and trenching to prioritise the targets ahead of a maiden drilling programme.

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