Hawkmoon Resources Corp (CSE:HM, OTCQB:HWKRF) revealed that it is expanding its scope beyond gold, announcing the acquisition of two new properties in British Columbia alongside the appointment of Dr. Olga Ankindinova as a director as well as project geologist and adviser.
Ankindinova holds a Master's degree in marine geology with an emphasis on stream sediment transport and accumulation and previously worked with Husky Energy Inc in St. John's, in the development team (Offshore Newfoundland).
Hawkmoon recently sold its portion of the Lava gold project in Quebec to Elysian Capital Corp for C$25,000 in cash and Elysian shares worth C$25,000, to be issued on or before the day Elysian completes a going public transaction.
READ: Hawkmoon Resources further extends gold zones in drilling at Wilson Gold project in Québec
With the cash proceeds, Hawkmoon has acquired 100% interests in the Barriere and Gilnockie projects from Strata GeoData Services Ltd for C$42,144 and C$21,425, respectively.
"We are delighted to welcome Dr. Ankindinova to Hawkmoon Resources' leadership team," said Branden Haynes, CEO of Hawkmoon.
"Her comprehensive understanding of Hawkmoon's new Barriere and Gilnockie projects is a significant advantage to the company. Dr. Ankindinova is passionate about solving complex geological problems and paleo-reconstructions. She was twice awarded the Chevron Canada Rising Star Award.
"Hawkmoon has historically focused exclusively on gold exploration in Quebec," he added.
"In particular, the company found success with its Wilson Gold project but has since determined that expanding its scope to include other minerals and jurisdictions makes sense at this time. Hawkmoon is excited to work and develop both of these new projects with guidance from Dr. Ankindinova."
Barriere comprises 32.5 square kilometres (sq km) of mineral claims, which sit 45 minutes North of the city of Kamloops and 7km West of North Barriere Lake. Historical work identified several targets with anomalous values of gold, silver, copper, zinc, and lead from various mineral showings.
Ten historical targets have been identified but remain underexplored using modern methods, or unified into one collective project area, the company said.
Meanwhile, Gilnockie covers a package of land in southeastern British Columbia, which is prospective for sedimentary-hosted copper deposits, which are important sources of copper, cobalt, and silver.
In recent years, such deposits have accounted for between 15% and 23% of global copper production, second only to porphyry copper and related deposits.
Recent work on the Barriere project by SGDS Hive confirmed values up to 0.2% copper, 6 grams per ton (g/t) silver and 48.8 g/t cobalt.
Contact the writer at giles@proactiveinvestors.com