Hawkmoon acquires Lava gold property in the Belleterre Gold Camp
Published by Will Owen,
Editor
Global Mining Review,
Hawkmoon Resources Corp. has signed an option agreement to acquire a 100% interest in the Lava gold property in the Belleterre Gold Camp, Québec, from two arms-length vendors.
The property is comprised of 41 mineral claims totalling approximately 2061 hectares. The property is situated in the Latulipe-et-Gaboury Township of Western Québec, 15 km east of the village of Belleterre and 105 km northeast of the city of Val d’Or.
The property covers the Lavallée number 38, 39, 40, and 41 gold showings. The showings are a series of gold-bearing quartz-carbonate veins which often contain sulphide minerals. Gold can be associated with sulfides in the Belleterre area. The veins occur within a 10 km long, northeast-trending corridor marked by numerous shear zones. This corridor is commonly referred to as the Lavallée Shear Zone (LSZ). The LSZ is displays a strong chargeability anomaly. Shallow drilling in 2007 identified intercepts of 2.16 grams per tonne (gpt) gold over 1.5 m and 2.78 gpt over 1 m. These sampling values are ‘historical estimates’ as defined under NI 43-101. It is worth noting that a qualified person has not done sufficient work to classify these historical estimates as current resources and Hawkmoon is not treating these historical estimates as a current mineral resource. While these estimates were prepared in accordance with NI 43-101 and the ‘Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines’ in effect at the time, there is no guarantee that they would be consistent with current standards and they should not be regarded as consistent with current standards.
The showings consist of deformed quartz veins, breccias, and stockworks within the LSZ. Veins range from 0.5 m to 3 m in width. The LSZ can have a rusty surface alteration due to oxidation of sulfides. Sulfides can also occur within alteration halos surrounding deformed veins.
The vendors recently collected six float samples at the number 38 and 39 showings of the LSZ. These samples have gold grades ranging from 0.12 to 3.42 gpt gold. These sampling values are ‘historical estimates’ as defined under NI 43-101.
Once again, it is to be noted that a qualified person has not done sufficient work to classify these historical estimates as current resources and Hawkmoon is not treating these historical estimates as a current mineral resource. While these estimates were prepared in accordance with NI 43-101 and the ‘Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines’ in effect at the time, there is no guarantee that they would be consistent with current standards and they should not be regarded as consistent with current standards.
Read the article online at: https://www.globalminingreview.com/finance-business/28052021/hawkmoon-acquires-lava-gold-property-in-the-belleterre-gold-camp/
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