Company
CNSX:HM
Hawkmoon Resources Corp recently completed its initial public offering and is focused entirely on its two Quebec gold projects in one of the world’s largest gold deposits, the Abitibi Greenstone Belt. Both these gold projects are accessible by government-maintained roads and are in close proximity to each other, east of the town of Lebel sur Quévillon.
40 stories · page 2 of 2
Branden Haynes, CEO and president of Hawkmoon commented: “It is also expected that this listing will provide the company with better visibility in the US, access to a larger shareholder base, and, ultimately, greater liquidity"
Assay results for the final two drill holes at the Midrim Showing included 83.6 grams per tonne (g/t) gold over one metre
The junior company raised C$3.4 million in 2021, its first as a publicly-traded entity following its initial public offering on the Canadian Securities Exchange in April
The company said the holes will assist it in planning its 2022 drill program at the project, especially in the area southwest of the Midrim showing at the project
The Vancouver-based company said that it will be using the net proceeds from the second tranche towards drilling programs and for general working capital
The company said it expects to use the net proceeds from the first tranche towards the 2022 drill program at its Wilson project and for general working capital
Hawkmoon Resources is homing in on gold in the Abitibi Greenstone Belt region of Quebec, one of the most prolific gold districts in the world
Under the terms of the agreement, Hawkmoon said it may acquire a 100% interest in the property by issuing an aggregate of 400,000 shares and making aggregate cash payments of $86,000 over a period of three years
The company said it will use the proceeds from the financing for a drill program and exploration on its Wilson project and for general working capital purposes
A 10-hole, 1,005-metre program intersected the Lavallée shear zone in every hole
Hawkmoon said the 1000-metre (m) drill program will target the northeast trending Lavallée Shear Zone over a 400m horizontal distance down to a maximum vertical depth 100m
The company assayed 3.0 metres at 11.25 grams per tonne (g/t) gold with grades up to 30.9 g/t on its Wilson Property in Quebec’s prolific Abitibi Greenstone Belt
Drill results for five drill holes of the summer program included four metres of 17.3 grams per tonne gold
The Canadian explorer drilled a total of 5,031 metres in 28 drill holes, which started with drilling 13 holes around the Toussaint showing
President Branden Haynes said Hawkmoon decided to 'commence work at the Romeo Property, as the shears discovered last summer are promising'
As steady demand for gold drives production calls higher, the need for majors to acquire new projects is becoming paramount
The drill program is designed to test several historical drill intercepts from both the Toussaint and Midrim structures
The property consists of 41 mineral claims totaling around 2,061 hectares and Hawkmoon noted that there had been a recent revival of the Belleterre Gold Camp
With proximity to infrastructure, a qualified workforce and access to several local drill contractors and assay labs Hawkmoon said it can easily work both the Wilson and Romeo projects at the same time, all year round, decreasing logistics
In connection with the offering, the company’s common shares were listed on the Canadian Securities Exchange effective April 15 and began trading on the CSE under the symbol “HM” on April 19
